Posts from September 2023

A fixer-upper can be one of the best deals in any housing market — if you're prepared.

Many people, especially first-time home buyers, start their search at the top of the budget range they can afford or get financed. However, the decision to take on a fixer-upper can not only save lots of money, but it gives you a special sense of pride as you put your mark on your future dream home. The choice to consider a fixer-upper will open a whole new segment of the market for you.

But: It's important to take some extra precautions with this kind of "home improvement." The process of finding the right fixer-upper comes down to three big steps:

1. Insist on a Home Inspection
   A complete inspection is absolutely essential for any fixer-upper, especially if the home is offered "as-is...

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Selling your home is a complex process. But one thing you can do to make it easier is to get familiar with some of the real estate terms that will be used. Here are some of the most common terms and what sellers should know about them.

1. Seller's market
   A seller's market is advantageous to you, the seller. It means there are lots of buyers and fewer sellers. Under these conditions, homes often sell quickly and at or over the asking price.
2. Listing agent and dual agency
   The real estate agent who lists the home for sale and represents the seller's interests during the transaction is the listing agent. Dual agency is where the same agent represents both the buyer and the seller. Because it can create a conflict of interest, dual agency is illegal in some states.
3. MLS
   MLS stands for Multiple L...

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