6 Shocking Things Your Home Inspector Won’t Check

SLRadcliffe/iStock Home inspectors are quite thorough. Before you buy a house, they’ll scrutinize things you never thought to look at in your many walk-throughs, from cracks in stucco to how well the toilet flushes. In fact, their checklists include over 1,600 features, all with the goal of helping you decide whether the home is in good enough shape for you to close this […]

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What Are Property Disclosure Statements? Info Buyers Need to Know

Bill Oxford/iStock No matter how great a home looks at first glance, a host of problems could be hiding right under that fresh coat of paint—which is why buyers will want to scrutinize certain paperwork they’ll receive called property disclosure statements. Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) […]

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5 Reasons Why Buying an Old House Is a Great Idea

irina88w/iStock We understand the appeal of moving into a newly constructed home. After all, it’s hard not to be enticed by brand-new appliances, floors, and heating, cooling, and electrical systems. Plus, buying an old place that needs work can be intimidating, especially for those of us whose only brush with restoring a house has come from watching […]

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How to Make a Backup Offer on a Sale-Pending Home

YinYang/iStock If you think a home marked “sale pending” is off-limits, think again. Yes, this label means that the buyer and seller have negotiated an accepted purchase contract, but things happen—and sales can fall through. For that reason, there’s no harm in making a backup offer. “If a buyer is in love with a particular […]

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What Is a Mortgage Broker? Welcome to Your Personal Home Loan Shopper

daizuoxin/iStock What is a mortgage broker? In a nutshell, this professional helps you find the best mortgage by shopping all the options at your disposal. This can be a huge plus if you’re feeling overwhelmed by the mortgage process and can’t tell which loan is right for you. However, mortgage brokers aren’t ideal for everyone, so it’s good to learn what these […]

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Should You Save for Retirement or Buy a House? Ask Yourself These 3 Questions

baona/iStock Buying a house is a large financial commitment and often the smartest one you can make. But you need to determine whether it’s the right commitment at the right time. Because this is the big picture: Shouldering mortgage payments for the greater part of your life will likely affect how much money you’re able to stash away […]

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5 Crucial Questions Home Buyers Should Ask Sellers Before Moving In

Westend61/Getty Images Moving into a home you’ve just bought is exciting—and sometimes exasperating. That’s because, although you might love your new place, you don’t know it all that well—which means that sooner or later, you’re bound to end up in a situation where you’re floundering cluelessly with the circuit breaker, or petting a neighbor’s seemingly adorable Pomeranian who nearly […]

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4 Signs Your Real Estate Comps Are Fooling You About Your Home’s Value

bee32/iStock Unlike most things we buy in life, homes don’t come with a sticker price. Sure, the real estate listing may say the price of the home is $320,000, but that’s just a starting point. Buyers can—and should—offer more or less money for the house based on something called real estate comps, short for “comparables.” Real estate comps […]

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Home Buyers’ Top Mortgage Fears: Which One Scares You?

g-stockstudio/iStock Let’s get real, shall we? Getting a mortgage can be a little frightening. Heck, a lot. Who doesn’t get jittery at the prospect of coughing up a huge down payment, of letting lenders probe their financial past, and of ultimately committing to paying back what’s owed, month after month, regardless of what curveballs life might throw? In fact, according […]

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Cool Carport Ideas That’ll Put Garages to Shame

A carport may sound like a fancy British way to say “garage,” but it’s actually much more—or, to be accurate, much less. That’s because a carport, unlike a garage, is merely a covering to protect your car (or motorcycle or boat) from rain, sun, and snow. Open on three or four sides, carports provides shelter from the elements, […]

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