The Short-Sale Process: When You Want To Buy A Home Offered For Short Sale

When you find a home that you love, you may be told that it is for sale under a short sale. This means that the property is being sold for less than what the homeowner currently owes on their existing mortgage. Lenders have the final say on the acceptance of the offer, and the process of buying a home under a short sale can take longer than a traditional purchase. The seller is trying to utilize the short-sale process to avoid going into bankruptcy or because they can no longer pay their monthly mortgage. [Read More]

Want To Retire To A 55+ Community? Consider These 2 Financial Factors First

Active adult communities that are restricted to those 55 or older can be a great choice for retiring adults. You get a place to live, plus a ready-made community and access to amenities that you would otherwise have to pay extra for. However, making the move to a 55+ community is a big decision that will have a significant impact on your finances, and there are some important things that you should consider when you're choosing the location and community that's right for you. [Read More]

3 Questions To Ask Before Buying A Fixer Upper

Buying a fixer upper is one way to save on a home. However, a fixer upper comes with its own set of problems that you should factor into your decision. If you are thinking of buying a fixer upper, here are some questions to ask yourself first.   Is the Home in a Historically Protected Neighborhood? Homes that are in a historically protected neighborhood have special requirements that could make the process of renovating them costlier and lengthier than a non-protected home. [Read More]

3 Steps To Take If You Are Buying A Fixer-Upper

If you are really handy with home improvements and repairs, you might be considering buying a fixer-upper home. This type of home is great for people that can do a lot of the work themselves; however, it is very important for you to really evaluate the condition of a fixer-upper before you sign the contract to buy it. Here are three vital things to know if you are considering buying a house that needs a lot of work. [Read More]