What Does Contingent With No Kick-Out Mean? A Clause That Affects Your Offer

Kenishirotie/iStock “Contingent with no kick-out” is one of those real estate clauses that can be attached to a buyer’s offer on a house. Like active or sale pending status, a house marked with this clause can give buyers a sense of whether or not the house has received an offer and how close sellers might be to closing […]

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Buying a House With Cash? Don’t Forget These Added Expenses

ismagilov/iStock There’s no question that buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means you won’t have to worry about making mortgage payments. Plus, sellers love a cash offer […]

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Should I Buy a Fixer-Upper? 6 Reasons to Make the Leap

aabsys/iStock “Should I buy a fixer-upper?” If this thought has crossed your mind, we don’t blame you. Many home buyers fantasize about purchasing a run-down shack and transforming it into a palace (thank you, Chip and Joanna Gaines). Still, pipe dreams aside, should you actually do it? While they aren’t for everyone, experts do say that there are many real reasons to buy a […]

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Disadvantages of Buying a Short Sale: A Deal This Good Comes With Risks

Fancy/Veer/Corbis via Getty Images A short sale is the process of selling a home for a price that won’t cover the cost of the outstanding mortgage. It’s a disheartening situation for sellers who find themselves in financial distress, although it can be their only option. But for buyers, a short sale can be a chance to buy […]

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5 Things Buyers Should Never, Ever Say When Closing on a Home

g-stockstudio/iStock By the time home buyers make it to the closing, it’s smooth sailing, right? Wrong. For home buyers, the adage “loose lips sink ships” is pretty darn spot-on as a best strategy at settlement. In fact, “there are things that home buyers could say that could stop the closing entirely,” warns Jennifer Baxter, associate broker […]

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Buying a Flipped House? Ask These 6 Questions First

tostphoto/iStock If you’ve ever binge-watched HGTV, you may already have caught the home-flipping bug. The whole thing sounds so seductive: Buy a fixer-upper at a bargain price, renovate it fast, and sell. Doing so can be lucrative: According to RealtyTrac, the average flipped home in the U.S. is bought for $129,200 and turned around for $190,000. And […]

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What Are FHA-Approved Condos?

RJ Sangosti/The Denver Post via Getty Images Federal Housing Administration condominiums are properties that can be purchased using FHA loans—or loans that are insured by the FHA. What requirements must these condos meet to be approved by the FHA? And where should you go to search for available properties? The answers to these questions and more […]

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‘We Bought a Home Rather Than Splurge on a Wedding’

Scott and Amy Wickberg When Scott and Amy Wickberg got engaged in 2015, they knew they wanted a memorable wedding—but they also knew that they wanted to buy a house. Faced with the high prices of homes and wedding venues in Denver, where they lived, the couple decided to get creative and kill two birds with […]

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Buyer Blocks: 4 Factors Keeping Millennials From Owning a Home

mj0007/iStock Since the market crash, many prospective first-time home buyers have been fighting an uphill battle on their path to homeownership. Certainly it isn’t for lack of trying. While millennials might be the largest group of first-time buyers, according to the NAR, they face a whole slew of daunting challenges before they can sign on the dotted line. […]

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What’s the First Step in Buying a Home? Your Answer, Here!

monkeybusinessimages/iStock What is the first step in buying a home? Real estate experts agree that long before you peruse listings or check out open houses, you should talk to a lender about getting a mortgage. “Talk to your bank or a reputable mortgage company to see what you qualify to purchase,” explains Rosanne Nitti, a Realtor® with […]

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