When you make an offer on a home, you wait anxiously to see if it will be accepted. Sometimes you’re lucky enough to hear back within hours. Other times you could wait days or even longer. But once you get that good news that your offer has been accepted, what happens next? There Will Be a Home Inspection. A home inspection needs to be conducted in order to assess the condition of the home for financing needs. This is a stage where issues may come up that require negotiation.
When you sell your home, you’ll be required by law to disclose certain things about your home, namely any known material defects. The specifics of these laws—known as disclosure laws—vary by state and locality, but are on the books in almost all areas. What’s covered under disclosure laws: Generally, you’re required to disclose any material defects which can include structural problems, water and sewage issues, pest infestation, electrical or heating and cooling problems, the
If you’ve found a home you want to buy, but your current home hasn’t sold yet, don’t fret—you do have options: Carry two mortgages for a short period of time. Although this is probably the most common route that people take when they’ve found a home to buy but haven’t sold their current home, it may be the riskiest as well. Although paying two mortgages may not be a problem for you for a month or two, anything longer than that may put you in the danger zone financially. Also,
How can you find the home near the schools that are best for you and your kids? Here are a few tips: Your search for schools should begin with researching schools online. Almost all states and local municipalities will have online resources. When starting your research, make sure to plan out what’s important to you in a school. Also, keep in mind that some of the contributors to these sites may be biased, so take all rankings with a grain of salt. If you have specific schools