Archives For Home Buying

51 Mistakes to Avoid While Selling Your Home

January 24, 2013 — 6 Comments

The idea of buying or selling home though sounds lucrative and not-so-tough task but, in reality it is not quite so. You need to be very prudent, systematic and calculative while selling your home so you do not sell it at loss. Let’s talk about some of the mistakes that are normally made by the home owners and get some valuable lessons out of it.

Sell Your Home

As per real-estate site, Zillow, in 2011 almost 1/3 of the houses sold in loss. You may argue that this has largely to do with the still bottoming market but, in reality there were number of reasons behind it. Selling home at a profit is definitely achievable if you avoid these mistakes:

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True Cost of Buying Home – Other Hidden Expenses

January 14, 2013 — 4 Comments

Last year I first put serious thoughts on buying home. We have been to this country since last 7 years and have been renting ever since. I studied our Buy vs Rent situation and decided to hold off buying home, till we save more money or, perhaps till we save enough money to buy without mortgage. But, apart from home value, taxes and closing costs, there are other hidden costs associated with a home. In this article we will talk about these associated costs that you should also consider while buying your new home.

Buying home

One of my colleagues is looking for a home and we had a discussion on the expenses he should pay, how much should he budget for? As far as timing goes, would it be worth it for him to wait and save a few more grands to cover the not-so-talked-about costs?

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Assess your Borrowing Power First Before Mortgage

December 21, 2012 — 3 Comments

The following is a guest post by Betsy Falwell, a good followup after last week’s post 6 financial must do’s for first time home buyer.

Mortgage Loan

“…and it will only cost us $750 a month!” exclaimed the too-loud woman in front of me at Starbucks. We were both waiting for our beverages – me a non-fat, no-water chai tea latte; her some frothy type of seasonal drink – and it was impossible for me not to overhear the conversation she was having about her new home loan with the person on the other end of her cell phone.

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6 Financial Must Do’s For First Time Home Buyers

December 12, 2012 — 9 Comments

Buying a home for the first time is never an easy thing to do. It is also one of the biggest financial decisions that one could make. With lots of things to consider, it is most likely that you will find a home that fits your needs and your budget easily. It is important that you know what your wants are, what your needs are and how much you can afford for it.

Buying home

To help you decide on how to buy your first home, here are 7 financial must do’s for first time home buyers.

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The Cost of an Extra Room in your Home

November 30, 2012 — 5 Comments

Do you have extra rooms in your house? What are you doing on it? Do you put some things in it or you just leave it bare?

Extra Room

There are many advantages of having an extra room in the house. You can turn it into a guest room; you can have a space for emergency purposes, and temporary storage of your things. The extra room can be considered an asset if you can use it for a purpose. However, if the room is left bare and without a purpose, you have to start thinking what to do with it.

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