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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
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Say What? Home-Buying Lingo You Should Know

Zillow

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 106
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5 Expenses Homeowners Pay That Renters Don't

Zillow

Homeowners insurance. Homeowners insurance protects you against losses and damage to your home caused by perils such as fires, storms or burglary. It also covers legal costs if someone is injured in your home or on your property. Homeowners insurance is almost always required in order to get a home loan.

HOA 36
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What’s Included in Closing Costs?

PennyMac

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

This means that it's harder to know a local neighborhood well before searching for homes. Changing locations may make it feel like committing to a home isn't worth the effort, too. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle.

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5 Key Property Features When House Hunting

PennyMac

Home Buying Consideration #1: The Garage. Garages are a very important feature for many homebuyers, and can even end up being a dealbreaker for some buyers. You may also want to consider the possibilities of eventually remodeling a bland garage in an otherwise perfect home. Can increase the resale value of your home.

Design 36