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August 22nd, 2022 at 11:00 am

A guide to buying a house for sale by owner (FSBO)

When you’re planning to find your next home—or your first—you have a stack of to-do lists on your plate, from moving arrangements, figuring out what to look for when buying a house, and recalculating your wish list and budgeting to houses on the market. 

The good news is that a real estate professional familiar with these transactions can guide you through the sometimes-challenging process of FSBO homes, and you can widen your search to include them and potentially find what you’re looking for at a pleasing price. Find an agent with skills to fit your needs from Berkshire Hathaway HomeServices California Properties.

Below we’ll review benefits and cons of buying market properties that are for sale by owner, and what to look out for. 

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August 15th, 2022 at 11:00 am

Buying a fixer-upper vs a move-in ready home

A home is a major purchase, and you want to ensure you’re able to move into the property you’ve been dreaming of. To do that, you’ll likely need to ask yourself a lot of questions—from where your ideal location is to what unique stylistic elements the home offers. 

Among these crucial considerations, there’s also the question of whether to buy a fixer-upper or move-in ready home.

In truth, the answer depends on your specific circumstances. Some people may be able to save money and create value by investing in a fixer-upper that requires home renovation. Others may be more suited to a turnkey situation where they can move in immediately after closing. 

Considering the pros and cons before you purchase can help ensure your new home is everything you’ve envisioned.

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August 1st, 2022 at 11:00 am

What is amortization in real estate?

Buying a new home is one of life’s most thrilling and exciting experiences. For first-time homebuyers, it’s a quintessential rite of passage that signals the beginning of a brand new phase of life. And even if you’ve been through the process before, it still represents a fresh start. 

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August 1st, 2022 at 11:00 am

Differences between under contract vs pending

Buying things is normally a pretty straightforward exchange: a seller puts a price on something, a buyer pays the price, and the seller gives the thing to the buyer. Of course, real estate doesn’t work quite so simply. There’s often more than one potential buyer in the mix, prices get negotiated, and even when a buyer and seller agree to terms, the house may not be sold.

That leads us to the issue of under contract vs pending and what those terms mean in real estate.

Sale pending vs. under contract both refer to periods when a buy and seller have agreed to terms but before the house is officially sold. At a glance, when a home is listed as “pending,” that means the home is in the final stages of a sale. If a home is “under contract,” there are still a few details that the seller and the buyer are waiting to finalize (such as appraisal value), before the sale can continue into the pending sale stage. 

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July 25th, 2022 at 11:00 am

What is a fixed rate mortgage in real estate

Purchasing a new home can be a very exciting time. It can also be very complicated, especially when it comes to figuring out how you’ll pay for this purchase. You’ll probably be looking into financing, which means taking out a mortgage. Which means paying interest on your home loan. Your interest payment could come down to the type of mortgage loan you take out, so you need to choose between a fixed vs. adjustable-rate mortgage.

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