The federal tax credit for home buyers was extended and expanded late last year. Qualified first-time buyers may be eligible to receive a tax credit of up to $8,000 on homes purchased before April 30, 2010. Repeat buyers may be eligible for a tax credit of up to $6,500. So as you are probably starting [...]
Background noise? OK, the title is corny, but it accurately reflects the point I’m about to make: Most of us try to sell based on our understanding of what a home buyer or seller needs. We package ourselves, our presentations, and our scripts, to “convince” the prospect to work with us.
There are so many obligations a home buyer has to look into upon engaging in a purchase deal. One of your primary tasks is to ensure you are getting your hands on a sound investment. And just to add another layer of protection to your future investment, getting a home warranty attached to the property would be a wise move.
The thought of home buying in another state can cause a state of panic if a home buyer doesn’t know where to turn.
When I decided to move from Minneapolis to Sacramento, the thought of making that transition and handling all the home buying details long distance was a bit scary. I worried that I wouldn’t buy a home in the right neighborhood, or that I might overpay for a home.
Even worse was the thought that maybe I would get to Sacramento and find out my home in Minneapolis had not closed on time . . . read more about Home Buying in Another State.
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Best Defense for Home Buying in Another State originally appeared on About.com Home Buying / Selling on Monday, February 1st, 2010 at 05:00:22.
You may never care about a notice to perform until you receive it.
I routinely close dozens of escrows in which I never prepare a Notice to Perform for either party. But sometimes, either a buyer or a seller is slow to perform or refuses to adhere to elements of the purchase contract. In California, for example, buyers have 17 days by contract default to remove contingencies. If the 17th day arrives and the buyer has not submitted a release of contingencies, the seller might have no choice but to give the buyer a Notice to Perform.
Sometimes I advise my buyers to submit a Notice to Perform to sellers to try to force sellers to meet the contractual obligations of the purchase contract. That doesn’t make me a mean person, though . . . read more about Notice to Perform.
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What is a Notice to Perform? originally appeared on About.com Home Buying / Selling on Monday, January 18th, 2010 at 05:00:28.