Buying

Articles, tips, and suggestions for home buyers.

There are currently 268 blog entries related to this category.

House flipping is one of the tried and true ways to generate serious capital in the real estate market. Simply buy your properties low, fix them up a bit and sell them for a significant profit. Sounds simple, right?

According the the latest from ATTOM Data Solutions, the majority of people flipping properties are mom-and-pop flippers, turning over 1 property on average per year. The ideal flip is quick and cheap, however, most mom-and-pop flippers pay more for their properties and take longer to flip. Check out the data below. 

Flipping is a simple idea, but it is important to know where to focus repairs and updates around the house before tossing the home back on the market. Here are four areas to focus on to get the profits you want on a quick

For those in the market for a new home, it can be easy to fall in love with a property right away. Seeing all its best features right up front makes for a good case to buy, and the thrill of having your own place might blind you to a few of its downsides. It’s easy to overlook minor issues that can affect the quality of the house. When you want to have peace of mind knowing that the house is ready for you to move in, there are a few checks you should make before deciding.

The Roof

The roof is one of the most expensive features of the home, and can lead to extensive damage inside of the property if it's in poor condition. Hire a professional to inspect the roof for missing shingles or tiles and to determine if any leaks are present. You'll also need

Spring buying season is upon us; an exciting time for homebuyers who are ready to make the real estate plunge. Mortgage rates have remained steady and low (about 4%) according to the lastest Weekly Mortgage Watch, providing more buying power for today's house hunters. However, there are a few key things buyers need to be prepared for in order to make the most of this exciting real estate season. 

Underestimating the competition

Demand is up and inventory remains below average. In real estate, demand is generally judged by months of available inventory based on closed sales.  A normal or neutral market has 3-6 months of inventory. Determining a buyer's vs. seller's market therefore is whether that inventory is above or below the norm. 

According

While there is nothing wrong with renting, many people dream of living in a place that they can call their own. However, the process of buying a home is more complicated than buying tickets to a game or a new car. What are some ways that you can move on from an apartment to a home?

Get Your Finances Together

Lenders will want to see that you have a stable income, a credit score of 640 or more and money in the bank. If you are self-employed, you will need to show two years of income statements, and those numbers will be averaged to determine your qualifying income. Those who receive alimony payments or have other income outside of their wages should find evidence of that income to increase the odds of mortgage loan approval.

Take Advantage of

Whether you are purchasing a land-lot as the site for your future dream home or considering new construction homes with the ability to customize, building your own home is a great way to keep your construction costs under control and get the home you really want. You can save money by choosing the construction materials, laying out the design of the finished house, and working with a great contractor, but there are corners you don't want to cut when it comes to your new home.

As you build your home, you will need to choose your construction materials carefully. Whether you are building a modest starter home or a spacious luxury estate, the quality of the materials you choose will have a huge impact on your quality of life. With that in mind, here are

When you rent a home, you may be focused on what you will owe the landlord, not only in terms of money, but in terms of taking care of the property and behaving in an acceptable manner on the premises. Though these are important to note, you also have your own rights as a renter. Make sure you know these rights when renting a home.  

Rights Regarding Discrimination

You are protected against discrimination under federal anti-discrimination law. You cannot have a rental space denied to you based on your race, color, religion, national origin, sex, age, whether you have children, or whether one of the renters is pregnant. You also cannot be denied because of physical disability and mental disability, which includes alcoholism and drug addiction. Many

In your average home purchase, a buyer presents an offer, it is accepted by the seller, escrow closes and to top it all off the property and its title changes hands. An alternative solution to buying a home the conventional way is setting up a rent-to-own or lease-to-own contract with your landlord or a current homeowner. If you are considering rent-to-own with the property you're currently renting, you'll need to take these steps. But first, let's discuss how rent-to-own works and under what circumstances it can be a good investment for buyers. 

How rent-to-own works

First of all, every scenario is different because you draw up your own contract with the current homeowner. When buyers sign this kind of contract, they agree to rent the home for a

Buying a house is the American Dream, but it's an expensive endeavor. Home prices have been rising for many years in most parts of the country, and in most areas, buying a home is a real stretch financially for the average person. That's why it's important to know how to invest in a house while still living within your means. If you want to afford a home in Southern California, employ these strategies so that you don't break the bank.

Avoid Other Debt

Even though mortgages carry low interest rates, because they are such large loans with very long payback terms, you wind up paying tens of thousands of dollars in finance charges over the life of the loan. That makes for a very high monthly payment, especially when you also account for the cost of

Southern California is an absolutely beautiful place to call home. It’s an exciting place to live near the beach, amazing shopping, and great restaurants - and all of that drives up the price of local real estate. For example, the current average sold price in Orange County is $814,000 according to Trendgraphix, February 2017 data.

To help you find a place to fit your budget, we suggest taking a look at the top 10 Most Affordable Cities in Orange County, and taking the following advice. Once you have a buying strategy, you'd be surprised what you can afford in sunny SoCal.

Condos are a first-time buyer’s best friend

How to afford a home in Southern California

24362 Berrendo 6, Laguna Hills. Price: $370,000

If this is your first time buying or a home, or just your first time buying

The plumbing system is one of the most important systems of the home—and one of the most expensive to repair or replace. When you buy a home, you want to know that major systems are in good condition and likely to function well for at least the next few years. Here's why you should get a plumbing inspection before you finalize a home purchase.

The sewer line may be clogged or ready to fail

Think replacing a failed sewer line is no big deal? If your new home's sewer line is cracked, severely clogged, or otherwise preparing to fail, replacing it could cost between $2,500 and $8,000 in addition to the damage to your front lawn. Even if the sewer line doesn't need to be replaced, a backed-up sewer line can lead to serious consequences. You definitely