Buying

There are currently 24 blog entries related to this category.

Tips for Buying a Rural Home PropertyPeople have varying dreams of homeownership. You may imagine living in a cottage on the beach or in a log cabin house by the mountains or a lake. If you've lived in the city or suburbs, your dream home may dwell in the country as you have always wanted to own a farm, grow vegetables or raise livestock. In time, you may have the opportunity to seek out your country home.

Buying a rural home is sometimes not very different from looking for a home in the city. You want a house that fits into your current and future needs as well as preferences. Searching the real estate listings will allow buyers to pull up prices in a specific location and learn about all the amenities that are located close by. There are a few differences to be aware of when you are

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Guide to home warranty plans for new home buyers Purchasing a home can be a drain on any buyer's bank account, even when they have carefully prepared for the process by having adequate savings to cover the down payment and other expenses related to the move. So it makes sense to look for options to help limit further expenses that may occur after the purchase has closed and the buyers have moved into the home. Home warranty plans are one of the options often considered by buyers in this situation. But home warranty plans are not always the best choice for every situation. If you are planning to buy a home soon and considering whether or not to opt for a home warranty plan, here are some options to consider while weighing the decision. 

What is a home warranty plan? 

Defined as a service

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Homes Other Than a Traditional Single-Family If you are not buying a single-family home, you might face a dizzying variety of terms for homes that have several units in a building, or just one or two.

Buying a home in a community is often less expensive, with more amenities than you could get with a single-family property. Understanding the differences between condominiums, townhomes, duplexes and twin homes helps you to determine which type is ideal for your search.

1. Condominium

The conventional concept of a condominium is simply an apartment that you own. While this is a common arrangement for condos, it is not the only one. Condos can be located in a multi-unit building or be detached from one another. Some condos are structured vertically so that they look somewhat like townhomes.

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Spring Flowers Outside of Home Are you thinking about buying a home this spring? If so, now is the time to start your search. Looking at listings, finding a real estate agent and getting pre-approved for a mortgage are smart first steps to help you buy a property you’ll love.

Select a Real Estate Agent

Your real estate agent will be your guide through the home buying process. It’s important that the real estate agent you choose is reputable. It’s also important to choose a real estate agent that you can work with closely.

Ask friends and relatives for references as you choose a real estate agent in your area, then interview each candidate to choose the best real estate agent for your needs. If you’re buying under special circumstances, like you want to buy a home in

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Septic Tank in New Home For home buyers who have never lived in a home served by its own on-site septic system, the thought of buying such a home may sound challenging.

In actuality, however, on-site septic systems that have been properly installed and correctly maintained are clean, odor-free, and surprisingly efficient and cost-effective to operate. If you are in the market to purchase a home and are considering one served by its own on-site septic system, the following information will help you understand how they work, as well as how to recognize potential septic system issues as you view and compare homes on the market. 

Understanding the Basic On-Site Home Septic System 

Most urban and suburban homes are connected to a large sewage collection and treatment

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Home Inspection Tips Choosing a home can be a very exciting time, but it's also a time to carefully avoid buying a house that has significant problems. Fortunately, that risk can be greatly reduced by working with the right home inspector. It is not just the chosen inspector, though, but what you ask that inspector that matters.

The more knowledge a home buyer has the better, from searching the mls to signing contracts, and the inspector is one of the best people to provide information about the home's systems and any potential concerns before you proceed with the purchase. Here are 10 of the most important questions to ask the home inspector.

1) Is the Electrical System Safe and Current?

Electricity can be very dangerous, and if it is not handled properly it can

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Demystifying the real estate purchase and sale process is something we here at Unity Home Group® take seriously, so here’s part two of our definitions for some of the most commonly used real estate terms. You’ll find part one here.

FHA mortgage – The Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD), guarantees home loans, making it easier for those with less-than-perfect credit to obtain a mortgage.

Jumbo mortgage – The Federal Housing Finance Agency (FHFA) announces what is known as the “conforming loan” limits every year. Loans that exceed this amount are jumbo loans.

Loan-to-Value –  Known as LTV, for short, loan-to-value refers to the ratio of the loan to the value of the home.

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Every industry has its own language and real estate is no exception. The trouble is that real estate agents and lenders are dealing with consumers, and often they forget that what they’re saying may seem like a foreign language to outsiders. Today we thought we’d interpret some of the more common terms you’ll encounter when buying or selling a home in Alaska. This is part one of a multi-part series, so check back next week for more.

Addendum – An addendum is a form used to make changes to the purchase agreement after it’s been accepted by both the buyer and the seller. For instance, if you find problems that the home inspection turned up and want the seller to remedy them, we would submit an addendum to the contract stating that the seller will pay

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wallet in a man's pocket

Millions of would-be homeowners struggle under the misconception that they can’t buy a house in Alaska without having a huge down payment to give the lender. They spend countless hours roaming the Alaska  MLS, dreaming about buying a home in Alaska. In reality, there are several ways to realize the dream of homeownership with little cash out of your pocket.

No down payment loans

If you are a current or former member of the United States military or the spouse of a deceased member, you may qualify for what is one of the best loan programs in the country, offered by the United States Department of Veterans Affairs. The VA doesn’t grant the loan, a conventional lender will do that. Instead, the VA offers a guaranty making the lender far more likely

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If you’re in the military, or a former member or spouse of a deceased veteran, and considering buying a home in Alaska, you owe it to yourself to read on. Active and former military members may be eligible for a home loan that many consider the best on the market – backed by the Department of Veteran’s Affairs. If being able to negotiate your interest rate, kicking private mortgage insurance to the curb and reducing or financing your closing costs is attractive to you, you will love this loan.

1. How does no down payment sound?

The number one challenge to potential homeowners is coming up with that big chunk of cash for the down payment. While Fannie Mae, Freddie Mac and the FHA have gone a long way to reduce the size of that chunk, only

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* This representation is based in whole or part on data supplied by, and to, the Subscribers of Alaska MLS. Alaska MLS does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. Report reflects sales through within 24 hours of the final report date.

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