A short sale is what happens when a homeowner sells their home for an amount less than their mortgage. Short sales often happen in neighborhoods where homes have been devalued. Although a short sale can be a stressful event, it's often a better option than foreclosure. If you're under water on your mortgage and you need to sell your house, a short sale may be the right thing for you. Here's what you need to know about the short-sale process.
For informational purposes only. Always consult with an attorney before proceeding with any short sale real estate transaction.
Contact a Real Estate Agent
Any time a homeowner wants to sell their house, the natural course of action is to start by contacting a real estate agent. The job of the real estate
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In certain neighborhoods, homeowners associations provide oversight and management support to keep all properties in optimal condition. Although beneficial to homeowners, living in a neighborhood managed by an HOA takes a little extra forethought and consideration. Before buying a home with an HOA, prospective homebuyers should explore just how it works and what considerations they will need to keep in mind to avoid any surprises.
All homes need a siding of some sort to help protect it from the elements, and there are many different materials that siding can be made from. Some are incredibly durable, some are budget-friendly, and some can change a home’s entire aesthetic. Each material has advantages and disadvantages that homeowners need to know before investing in it. Here are some of the most popular siding materials and what sets them apart from each other.
When there’s a cold draft coming through a warm home, everyone can feel it. The most common place for cold air to come into a house is the space below the door. At times, cold air can also come from light switches and lighting located on outside walls. Normally, there is a piece of weather stripping or something similar to prevent airflow, but these can rot away over time and allow cold air back in. If this happens during the cold winter and it can’t be replaced, try using a door snake instead. They can be bought at many hardware and home supply stores, or homeowners can even make them on their own without too much effort.
There are few things more appealing than saving money by doing something for yourself. Not only is it empowering, but it's also a way to expand one's own horizons. However, there are certain projects that are ultimately too complex for an amateur to take on. Unless a home seller is prepared to switch careers, a For Sale By Owner (FSBO) isn't recommended. See why it's better to leave it in the hands of the professionals.
Whether a homeowner considers themselves handy or not, especially with DIY projects, they should have a well-stocked toolbox in an easily accessible area. (In other words, when a pipe starts to leak, everyone should know where to find the wrench.) Stocking a toolbox starts with learning the basics of the equipment, so learn more about what it takes to be prepared.
Trying to navigate the foreclosure process can feel like a daunting task to many homeowners. Many choose to simply toss the late notices in the garbage, hoping that they can make up the difference before the clock runs out. Unfortunately, this approach proves incredibly stressful and does not help Franklin TN homeowners get out of the situation unscathed. Instead, it is important for homeowners to learn all they can about the foreclosure process to navigate the steps with confidence. They can get started by using this guide to explore foreclosures in detail.
When buying a new construction home or replacing the roof on an existing home, the homeowner has options for how they want their new roof to be. There are far more options out there than just the normal asphalt shingles, and these other options offer different advantages that can’t be gotten otherwise. Here are some of the different roof material options that can be found and what sets them apart from the rest.
Buying land is one of the most straightforward ways to make money in real estate. Most investors simply buy the land and then wait to sell it to an eager property developer. But just because the concept is simple doesn't make buying land a no-risk purchase. In fact, buying raw land can be one of the more tricky investments a person can make - unlike buying a residential home. For those just getting started, it helps to keep the potential pitfalls in mind before scouting a location.
New construction homes tend to be very technologically advanced. They're made with advanced pieces of equipment, and when they're done being constructed, they have advanced technologies built in.