Importance of home inspection contingency

Before you buy a home, one of the things you should do is to have it checked out by a professional home inspector. Yes, we can hear your objection: "Buying a home is expensive enough as it is! Why would I choose to fork over hundreds more if I'm not required to?" In this article, we'll delve into what a home inspection can reveal and whether it's worth the investment. See also: "10 Worst First-Time Homebuyer Mistakes" The Home Inspection Contingency Home inspections are used to Read more [...]

Do You Need A Home Warranty?

When you purchase a home, even a home that isn't new, there is a very good chance that you will be offered a home warranty. The seller may offer to purchase one on your behalf to provide peace of mind that any component of the home that fails can be fixed affordably. If not, you will likely receive numerous mail solicitations to purchase a home warranty once the sale closes. A home warranty may sound like a great form of financial protection against expensive, unforeseen home Read more [...]

Proof of Funds Letter for a Real Estate Purchase: Why Home Buyers Need It, Bad

A proof of funds letter is a document that proves that a home buyer has enough liquid cash to purchase a home. It's essential paperwork that all home sellers will want to see, so home buyers shouldn't feel prepared to make an offer without one.“Sellers won't want to take their property off the market without knowing that the buyers are truly able to afford it,” says Linda Walters, a real estate agent at Sage Realty LLC in Wayne, PA. Here's what buyers need to know about how Read more [...]

What Is Hard Water? How It Can Wreak Havoc on Your Home

What is hard water? It's water that contains high levels of certain minerals—namely calcium and magnesium (soft water, by comparison, lacks these elements).Homeowners who learn that their water is "hard" might wonder if it is OK. While hard water poses no serious health risks, it can nonetheless cause various problems within a home.Here's where hard water comes from, how to check for it, and what you can do to remediate the negative effects. Where does hard water come from?If Read more [...]

What Is a Reverse Osmosis Water Filter? Get Crystal-Clear Tap Water in Your Home

Reverse osmosis sounds like something we learned in science class, but what does a reverse osmosis water filter do? In a nutshell, it helps homeowners get better-tasting water by removing certain elements. After installing a reverse osmosis system, many folks appreciate the high-quality water that comes out of their taps; the water tends to taste and smell better, and the ice cubes are clear.“It's as if you're drinking bottled water without the bottles,” says Mike Paice, Read more [...]

How to Meet Your Neighbors: Icebreakers Even Introverts Can Pull Off

Want to know the secret of how to meet your neighbors after you've moved into a new home? It's this: Stop waiting for people to swing by with an apple pie. These days you have to be proactive and get out there yourself!So how do you do that?Granted, whether you've just moved in or lived someplace for eons, many find this simple act of reaching out amazingly hard. If that sounds like you, it's OK: It's all about knowing a few icebreakers. Here are a few that even the shyest Read more [...]

9 Listing Photo Do’s and Don’ts

You have one chance at a great first impression — knock their socks off with listing photos that shine. Your bags are packed, you’re ready to move and the last thing you want to do is follow your agent’s advice about putting time and money into your listing photos. But if you don’t, your photos could prevent the home from selling quickly. Consider these nine do’s and don’ts to help your listing attract the attention it deserves. 1. Do: Take a shot from the curb. Keep your home’s Read more [...]

13 Decor Items Grown Adults Should Never Have in Their Homes

Millennials call it "adulting"—those triumphant/scary moments in life when we discover that we've actually got our acts together, that we're grown-ups tackling grown-up things. In grown-up ways!There are a few common milestones of adulting: Have steady employment. Pay your bills. Know how to cook for yourself. Contribute to a 401(k).If you've checked all of those things off your list, you might be feeling pretty good about your status as a responsible member of human society. Read more [...]

The Best and Worst Cities for First-Time Home Buyers in 2018 Include Some Shockers

Think San Francisco or New York City would be the most challenging place to buy your first home? Nope—first-time home buyers will struggle far more in Denver. Really.This surprising finding comes from LendingTree's just-released list of the best and worst cities for first-time home buyers. LendingTree researchers ranked the 100 largest U.S. cities not only by the price of homes, but also by other criteria such as the average down payment, the percentage of buyers who have Read more [...]

Will It Become Harder to Afford a Home? Experts Say Yes

Despite a red-hot real estate market, most aspiring buyers can still afford to buy a home—if they can find one. But it may not be that way for much longer.Households bringing in at least $68,000 a year, the national median, could afford about 59.6% of all newly constructed and existing (previously lived in) homes sold in the fourth quarter of 2017, according to a recent National Association of Home Builders report. But that doesn't take into account the most expensive coastal markets Read more [...]