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4 Tips For Buying a Home in a Seller’s MarketMany buyers may have heard the phrases “seller’s market” or “competitive market,” but what do these terms mean? A competitive market, when used to mean a seller’s market, is when there are more buyers looking to purchase a Nolensville TN home than there are homes for sale, creating competition between buyers. Buying a home in a seller’s market is different than other markets because buyers have to move at a much faster pace than they would have to otherwise. Here are some tips all buyers can use to help their odds of finding and purchasing the home they want despite the competition.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Don’t Be Too Picky

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How to Handle Unremediated WorkUnpermitted work refers to changes in the home that may have been done against the housing code of the neighborhood in which a homeowner lives. It's fairly common to find, but the steps to remediate it aren't always so simple. Learn more about how (and why) most owners probably have some type of unpermitted work in their home, and the steps they can take to make it right.

How It Happens

Because permit laws vary from town to town, it's relatively easy to make a mistake. Property owners assume they can tear down a wall or reconfigure their pipes without anyone's permission. After all, it is their property. Often, unpermitted work is completed by the owner of the home, as a DIY project. This is often done to save money and the expense and hassle

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Finding Roof Damage: Repair the Roof or Replace ItHaving roof damage can be frustrating for a homeowner, because of the opportunity for the roof to leak and damage the home. Additionally, it's not always easy to figure out where a leak is coming from or how bad the damage might be. Getting up on the roof can be another problem, especially for homes that are more than one story. But when a homeowner finds roof damage, or a professional inspection of the roof uncovers a problem, the Mount Juliet homeowner will then be faced with whether to repair the damage or replace the roof. There are some specific things to consider when making that determination.

How Bad is the Roof Damage?

For minor areas of damage, it isn't generally realistic to replace the entire roof. But there may be cases where

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Importing Selling Papers You Need to KnowSelling a home isn't as simple as declaring who owns the property on a standard deed. And while the exact amount of paperwork depends on the circumstances of each sale, Gallatin home sellers should understand the general principles behind the many documents they may need to review and sign. Learn more about the most important paperwork, and how a real estate agent can help sellers decipher the clauses and contingencies.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Usual Home Selling Paperwork

Home sellers may already be familiar with major documents from the buying process:

  • A Deed
  • A Title
  • The Purchase & Sale Contract
  • Any
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Information About Building a New Construction HomeBuilding a custom Franklin TN home can be a rewarding and thrilling experience. If you're a home buyer who is thinking about building your own home sometime in the near future, these tips can help. By planning properly, budgeting properly and by hiring a professional and capable builder, you can have a positive experience building a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Plan Properly

The great benefit of building a home from the ground up is that the buyer can design a home where he or she can live happily for many years to come. Often, a home buyer's needs will change as years pass. Home owners who want to stay in one home for

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How Taxes Work When Selling a Vacation HomeSelling a vacation home has a few distinct differences compared to selling a primary home due to the nature of the property. Because vacation homes are considered somewhat of a luxury asset, the taxes can be considerable for sellers who have seen their property appreciate over the years. Find out more about what they are, and how sellers can mitigate their financial impact.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Crunching the Capital Gains

Capital gains apply to any asset an individual might hold that has appreciated in value. They're taxed on a progressive scale based on the owner's total yearly income. The standard tax rate for capital gains is 15%,

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Causes and Solutions for a Home's Foundation DamageFoundation damage can be a very costly problem for homeowners. Knowing how to identify foundation trouble and what to do about it can help you solve your problems early, before they become more serious. In many cases, early identification and quick action can help prevent the problem from having catastrophic results.

How To Identify Foundation Trouble

Symptoms of foundation trouble can be subtle at first, so many homeowners don't recognize these problems when they first become an issue. Some of the most common symptoms of foundation trouble include:

  • Cracks in the walls and floors, especially cracks over doorways and windows.
  • Windows and doors that suddenly stick in their jams.
  • Doors that will no longer close or doors that no
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Buying A Home? What You Need to Know About the ContingenciesBuying a home can be complicated and time consuming. When making an offer on a home to buy, a contract to purchase is usually prepared. In addition to different types of mortgage and the amount of down payments, home buying contingencies are an important part of a home purchase agreement. Knowing what the contingencies are can help home buyers avoid problems during the home buying process.

Home Buying Contingencies Defined

The contract between a home buyer and home seller is called a home purchase agreement. A standard home purchase agreement contains clauses called "contingencies." The contingencies are protections for the home buyer. Each contingency allows the home buyer to usually cancel the home purchase agreement without financial

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Are PMI Payments Obligatory?You want to buy a home but cannot afford to make a large down payment. Thankfully, potential buyers have options and may qualify for a home mortgage loan while putting down a small down payment. However, such a common situation does often come with strings attached.

Lenders want the security that comes along with borrowers investing in a home with a down payment of at least 20 percent. When this is not possible, they look for another way to protect the loans they are making. If a borrower cannot put at least 20 percent down, lenders consider these borrowers to be a higher risk. To protect this risk, lenders require borrowers to purchase Private Mortgage Insurance, or PMI.

For informational purposes only. Always consult with a licensed

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Buying New Flooring for the HomeInstalling new flooring can dramatically change the look and function of the home. With information about the five most popular types of flooring, homeowners can weigh the benefits and disadvantages and make the right choice for their homes.

1. Carpet

For people who want a budget-friendly flooring choice that is warm and can block noise, carpet is the standard option. Carpet prices range from around $1 per square foot to many times that, depending on the cut and arrangement of the fibers, the density, and the materials used. The quality of the pad underneath the carpet could significantly affect its feel and long-term durability. Carpet can be more difficult to clean and maintain, and generally lasts for a shorter time than other flooring

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