Home Buying Articles and Advice

Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, I'm only a phone call or email away!

 Benefits of Owning your Own Home 

The Best Investment

Income Tax Savings
Stable Monthly Housing Costs
Forced Savings

Freedom & Individualism

More Space

Other Things to Avoid Before Purchasing A Home

Don't Move Money Around

The Effect of Changing Jobs
No Major Purchase of Any Kind

Don't Buy a Car -- Or Did You Already Buy One?

Don't Buy a Car
Debt-to-Income Ratios and Car Payments

How a New Car Payment Reduces Your Purchase Price


The Business Cycle and Buying a Home


Recession and Expansion  
Supply and Demand

Should You Try to "Time the Market"?



Comparable Sales and Your Offer Price


Determining Your Offer Price  
Comparable Sales in the Public Record  
Comparable Sales in the Multiple Listing Service  
Comparable Sales Pending Transactions  

Other Factors Influencing Your Offer Price



Major Factors Influencing your Offer Price


How Property Condition Affects Your Offer  
How Home Improvements Affect Your Offer Price  
How Market Conditions Affect Your Offer Price  
How Seller Motivation Affects Your Offer Price  
The Final Decision on Your Offer Price  


Offering to Purchase Real Estate- the Basics



Writing an Offer to Purchase Real Estate

Contingencies in a Purchase Offer  
Earnest Money Deposit  
The Closing Date  
Transfer of Possession  


Writing an Offer - Safeguards Regarding the Proper



Disclosures From the Seller

Condition of the Property  
Inspections You Should Require  
Final Walk-Through Inspection


How Financing Details Affect Your Offer


Down Payment

Interest Rates  
Closing Costs and Financing Incentives
Seller Financing
Cash Offers
Other Financing Details in Your Offer


How FHA and VA Financing Affects Your Offer



Extra Costs to the Seller

VA and FHA Appraisals


Selecting Service Providers


You and the Seller Must Agree

Escrow and Settlement
Title Insurance
Termite and Pest Inspection