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Real Estate

More Mistakes to Avoid When Buying Your First Home

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Of all the investments you’ll make in your lifetime, your home is likely your biggest one. Therefore, it’s important to take the home-buying process seriously, as any mistakes you make during the process could have a magnified effect. If you know what types of mistakes to be on the lookout for, you’ll be better prepared to avoid them so that you can enjoy smooth sailing as you move into your first home.

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Paperwork Needed for RE Sale

Purchase Agreements, Disclosures, Deeds, and Other Vital Documents in a Real Estate Sale

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Real estate transactions are document-intensive. The necessary documentation permeates the agreement to purchase, the transfer of land, and an itemization of the price and costs involved. Below are important papers in a real estate transaction that protect your rights and interests as a buyer and ultimately property owner.

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5 Mistakes Most First-Time Homebuyers Make

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Shopping for your first home is an exciting time of finding a house with all the features you want. However, it is easy for new homebuyers to make common mistakes that could lead to a disappointing purchase or cause them to pay more than planned. Here are five things to be aware of when looking at a home to buy. A professional home inspection could save thousands of dollars in house repairs and could keep you from paying more than the property is worth. Home inspectors will do a thorough evaluation of the property from top to bottom and outside as well as inside. Photos are usually taken as evidence of problems like roof leaks, water damage, or termite infestations. Although the fee varies, you can often get a high-quality inspection for between $150 and $500 depending on the size, location, and complexity of the property. The information could protect you from buying a home with hidden problems that will be expensive to repair. Shoppers who skip the inspection often wish later they had gotten one.

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How to save up for a house

Saving Up for a New House

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Moving to a new home can be an exciting time for you and your family. Before you make the move, though, it’s important to save up plenty of money so that you can afford a good down payment, plus any unforeseen expenses that may come up. This saving is especially important if you’re moving to a new area, as expenses could be different than what you’re used to. To help increase your financial fitness, here are some tips to help families save up for a new house in a new area.

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Small Family Home

Cost Effective Options for Small Family Housing

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Older homes were often built with the large families of the past in mind, but that rambling Victorian or sprawling ranch home can seem overwhelming for your family of two or three. Small families are also often on small budgets, so choosing a cozy, cost-effective home over a large and luxurious one makes sense. If you’re looking for a home that’s just the right fit, here are four of the most budget-friendly housing options for small families.

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How to flip houses

Budget Friendly House Flipping

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Anyone who has watched HGTV knows flipping houses is a great way of making money. But there are risks involved as well. To succeed you need a good eye for location and the ability to determine what the most cost-effective renovations are. In the previous year, the average gross profit house flippers made was around $65,000 making an almost 45 percent return on investment. So, real estate can be a great investment opportunity if done right. However, many people go into it without thinking it through. They are then surprised by the amount of work involved. In order to maximize your returns, it is important to buy in the right location while not spending too much on renovations. This budget-friendly guide to flipping a house will help you find your footing in the ever-evolving real estate market.

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Which is Better: New Construction or a Pre-Owned Home?

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If you’re looking to buy a “new” home, the question that often arises is should you buy a brand new home or a pre-owned one? Do you want a brand new house that has never been lived in, customized with all the amenities that you or want? Or should you get an older house that may require more repairs and remodeling but may cost less initially and allow you to invest “sweat equity” to improve the value?

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Foundation Repair

What to Do If Your House is Sagging?

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Foundation damage can seriously affect the value of a home, after all, who wants a house that is “falling down”? If you are considering buying a house with foundation issues you need to be VERY careful. If you have an older home or if your property has experienced severe weather that has damaged your home’s foundation, you are probably trying to figure out how to get the repairs done without paying a huge amount of money. Foundation work can be expensive, so it helps to find ways to save money when planning this type of restoration or repair project. Here are a few tips that can help.

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Buying a Home

How to Combat Rising Housing Costs as a Prospective Homeowner

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Housing costs are on the rise across the country and many would-be buyers are feeling lost when it comes to the property game. If you are looking to buy a home, it’s important find ways to make your money work for you rather than negotiating with an empty hand. Below are a few tips that can help make buying a house more affordable.

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