26 Jan 2024
By Mark Feder

Are You Ready for Home Ownership? Find Out by Answering These 4 Questions

Home Buyer Tips
Do you ever dream about a larger, roomier, or more luxurious living space? Or perhaps just want to experience the joy of owning your own home and building your net worth instead of renting? Let's explore a few questions that can help to answer whether or not you're ready for a new lifestyle as a homeowner. Can You Realistically Afford To Buy A Home? The first consideration to make is a financial one: can you afford it? Buying a home is a significant financial investment. In most cases, you'll need to manage monthly mortgage payments for many years. The good…
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30 Nov 2023
By Mark Feder

Negotiating Homebuying Costs: Securing Your Dream Home at the Right Price

Home Buyer Tips
Buying a home is one of life's significant milestones, but it often comes with a significant price tag. Fortunately, the sticker price on a house isn't always set in stone. When buying a home, negotiating certain costs can save you a significant amount of money. Here are some costs that every homebuyer should negotiate: Closing costs: Closing costs are the fees associated with finalizing the purchase of a home. They typically include things like appraisal fees, title search fees, and attorney fees. Closing costs can be a significant expense, so it's worth trying to negotiate them with the seller or…
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26 Sep 2023
By Mark Feder

What Does Contingent Mean on a House Sale

Home Buyer Tips
In the context of a house sale, "contingent" typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale of the buyer's current home. For example, if a buyer makes an offer on a house and the offer is accepted by the seller, the sale may be contingent on the buyer obtaining financing within a specified period of time. If the buyer is unable to obtain financing, the sale may fall through. Another common contingency is a…
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21 Jul 2023
By Mark Feder

What is a Home Warranty?

Home Buyer Tips
A home warranty is a type of service contract that provides coverage for repairs or replacements of major systems and appliances in a home. It typically covers items such as heating and cooling systems, electrical systems, plumbing, water heaters, and kitchen appliances. Home warranties are purchased by homeowners to protect against unexpected expenses for repairs or replacements that may occur due to normal wear and tear. When a covered item breaks down, the homeowner can contact the home warranty company, which will send a qualified technician to diagnose and repair the issue. If the item cannot be repaired, the home…
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