Myths The Credit Bureaus Want You To Believe
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- Category: Buying Real Estate
- Created on Monday, 13 September 2010 16:38
- Last Updated on Wednesday, 20 April 2011 16:28
- Published on Monday, 13 September 2010 16:38
- Written by Rich Bonn
Myth No. 1 -- It is easy to dispute a credit report. Consumer's can resolve their own issues.
To be honest, it IS simple to challenge a credit report. However, as an everyday person, it's amazingly difficult and frustrating to get results from the credit bureaus. Here's why.
This is a little-known fact. More complaints to the Federal Trade Commission involve credit bureaus than any other type of company. The major credit bureaus have paid fines of $2.5 million over the years due to failure to respond properly to charges.
The Basics of Making an Offer
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- Category: Buying Real Estate
- Created on Monday, 26 July 2010 00:12
- Last Updated on Wednesday, 20 April 2011 16:30
- Published on Monday, 26 July 2010 00:12
- Written by Paul Hancock
A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal. This proposal not only specifies price, but also all the terms and conditions of the purchase. For example, if the seller offered to help with $2,000 toward your closing costs, make sure that's included in your written offer and in the final completed contract, or you won't have grounds for collecting it later.
Why Use a REALTOR® When Buying a Home?
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- Category: Buying Real Estate
- Created on Monday, 26 July 2010 00:10
- Last Updated on Wednesday, 20 April 2011 16:33
- Published on Monday, 26 July 2010 00:10
- Written by Paul Hancock
A real estate agent can help you understand everything you need to know about the home buying process. Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR® trademark on their business cards and other marketing and sales literature.
REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR® again.
Home Inspections Avert Future Headaches
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- Category: Buying Real Estate
- Created on Monday, 26 July 2010 00:11
- Last Updated on Wednesday, 20 April 2011 16:31
- Published on Monday, 26 July 2010 00:11
- Written by Paul Hancock
Suppose you bought a house and later discovered, to your dismay, that the stucco exterior concealed a nasty case of dry rot. Or suppose that when you fired up the furnace in the winter, you discovered a cracked heat exchanger leaking gas into your home. The best way to avoid unpleasant surprises like these is to arrange for a home inspection before you buy.
Take Charge When Buying a Home
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- Category: Buying Real Estate
- Created on Monday, 26 July 2010 00:08
- Last Updated on Wednesday, 20 April 2011 16:34
- Published on Monday, 26 July 2010 00:08
- Written by Paul Hancock
If you approach the home buying process intelligently and with confidence, you are much more likely to buy a house you'll be proud to call home.
Approaching the task of buying a home can be overwhelming; there's so much to consider:
- How much house can I afford?
- How can I find the best loan?
- Where will I come up with a down payment, and how much will I need?
- Should I buy a new or resale home, and which will go up in value?
- Should I work with an agent or look at homes on my own?