All Posts Tagged With: "buyer"
Uncle Sam’s $8,000 For First Time Home Buyers
The government is hoping if you don’t now own a home that you’ll make the logical choice and buy one this year. If you do, there’s an $8,000 credit from Uncle Sam available to help you out. Last year the government announced that if you were a first time buyer and bought a home that [...]
21Feb2009 | Peter G. Miller | 0 comments | Continued
The Case For Flexible Real Estate Commissions
Isn’t it time to change real estate agreements — to make them better for buyers, sellers and brokers? Syndicated columnist Peter G. Miller explains.
17Feb2009 | Peter G. Miller | 0 comments | Continued
Must Owners Accept Full-Price Offers?
No. A real estate transaction is complex and involves far more than the purchase price. For instance, you bid full price but perhaps someone bid more. Or, you bid full price but require the sellers to re-paint the first floor — effectively asking for different terms and a discount on the sale price. Why not [...]
8Dec2008 | Peter G. Miller | 0 comments | Continued
Option Versus First Refusal: What’s The Difference?
It’s been a good time to be a real estate owner in my community. During the past few months several would-be purchasers have approached with offers to buy property we own, even though the properties in question were not listed for sale. It’s flattering to have someone court you, check in hand, seeking your interest [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
What Is “Buyer’s Remorse” in Real Estate?
Question: Some people get the flu but I think I’ve got buyer’s remorse. We bought a home and now seem uncertain if it’s right for us. Can we get out of the contract? Answer: It’s entirely common to feel uneasy after making a real estate purchase. Buying a property is a major decision. Not only [...]
3Sep2008 | Peter G. Miller | 0 comments | Continued
Should We Pay Someone To Buy Our Home In A Down Market?
Answer: No. Your problems will just get worse. In areas of the country where prices have declined, homeowners are sometimes offered the “opportunity” to “sell” their homes to an individual or company for a price equal to the mortgage balance. Sellers are expected to pay the buyer perhaps one percent of the mortgage amount. The [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
How Should I Handle Pre-Closing Structural Problems?
Question: We bought a house six weeks ago. Two days before closing, the seller drove a car through the back of the garage and into the kitchen? Who’s responsible? Answer: The seller. When you signed the purchase agreement it was understood that the property would be delivered to you in substantially the same condition as [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
How Do I Qualifying For First-Time Buyer Programs?
There are a number of programs directed toward first-time purchasers. In general, there are three standards. First, you must not have owned real estate within the past three years. (In effect, you can be a “first time” buyer more than once.) This standard can pose some difficulties in divorce situations where spouses once owned property [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Can Foreigners Get A Mortgage To Buy US Real Estate?
Lenders have protocols which allow foreigners to finance the purchase of property in the U.S. Non-citizens who are financially qualified can generally obtain a mortgage on the same terms as US citizens if they have a Registration Receipt Card 1-151 (a green card); an alien registration receipt card without an expiration date, an alien registration [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
How long must I live in a house once I buy?
When you apply for a loan a lender will ask if you intend to use the property as a prime residence. If the answer is “yes,” then it is expected that you will physically move into the property within about 30 days after closing and live there for some time. There does not seem to [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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