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Disclosure laws in more than 30 states require home sellers to tell prospective home buyers and agents about leaky roofs and other problems, according to the National Association of Realtors. There is however an often a gray area involving the disclosure of problems the home seller may not even know about, such as a long-ago flood or hidden mold.

Home owners who really want... Read More

As of January 1, 2010 it has become easier to compare home loans using the first industry-standardized good faith estimate (GFE) created by The U.S. Department of Housing and Urban Development. With the new form home buyers are able to cost compare mortgage loans with different lenders.

Finding the lowest-cost home loan is not an easy job by any means for home buyers. For... Read More

Homeowners should have 1% of the purchase price of their home in savings for improvements and surprise expenses, he says. "That is the absolute minimum. It's better to have 2% to 3%... Read More

Home buyers are trending towards more compact, smaller homes smaller new homes are turning into a bright spot for some home builders. The reason given for this is that most customers are first-time home buyers and this is what they can afford.

Home builders are offering smaller designs with features such as high ceilings and large windows that create a spacious feel and... Read More

Q. If the home was purchased before the new legislation in the real estate market, do the new income levels still apply, or is the buyer subject to the income limits in place at the time of purchase?

A. No. The new income limits ($125,000 for single taxpayers and $225,000 for married taxpayers, for both the $8,000 and $6,500 tax credit programs) apply for “purchases after the... Read More

The $8,000 tax credit for first-time home buyers has been extended and expanded to include other groups of people other than new homeowners, as an added boost to the slowly recovering housing market.

Although previously set to expire by the end of this month, the passage of the legislation effectively extends the $8,000 tax break for first-time home buyers program to April... Read More

The National Association of Realtors estimated the $8,000 tax credit for first time home buyers or for those who haven't owned a home in... Read More

The quality of your purchase offer is almost as important as the price you offer in buying a home. Listing real estate agents should not be placed in the position of having to educate selling agents on how to write an offer. Poorly written offers reflect badly on everybody and lessen your chances as a buyer to get your offer accepted.

10 tips on how they write the purchase... Read More