Glossary of Real Estate Terms
An active-adult community is typically a community consisting of homes for active-adults. Active-adult communities usually have more amenities than non active-adult communities and often have resident age requirements…
NHS
Home Buyer Checklist
Buying a home is one of the biggest purchases and decisions you will make. Jumping in without doing your homework and preparing can cost you money. Go over this check list to make sure you are getting the home you want and can afford…
Fire Prevention: Fire Safety in the Home
Fires can be caused from not properly extinguishing cigarettes, overloaded electrical sockets, leaving food that is cooking unattended, sparks from wood burning in the fireplace, and faulty electrical appliances…
New Home Walk Through | Home Inspection Final Walk Through
A Comprehensive Guide to Your Final Walk Through by: Tim Vargas Buying a new home is one of the most important investments you will make, and you need to make sure there are no unexpected surprises when you move-in. As your closing date approaches, you will do a “Final Walk Through”. Often times, many people … Read more
How to Prepare for A Buyer’s Inspection
Many home sellers quite frequently ask, “What will a home inspector be looking for in my home and how can I be more organized for the home buyer’s inspection?” Informed sellers can make the home inspection process easier and faster…
New Home: How Much Home Can I Afford?
For all of us, it’s important that we can comfortably afford our new home. So how can you determine how much home you can afford and how do lenders determine how much home you can afford?
Tax Benefits: Home Ownership
Did you know that as a homeowner you are entitled to deduct interest expenses on your original loan (up to $1 million)? You can also deduct interest expenses on: a second home loan (up to $100,000), on home equity indebtedness (up to $100,000); regardless of how you choose to use the funds…
$8,000 Tax Credit Can Now Be Used for Down Payment and Closing Costs
According to the Obama administration, first-time home buyers will soon be able to use the $8,000 tax credit as cash for use as a down payment and/or for closing costs if the buyer uses Federal Housing Administration (FHA) mortgage financing…