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Apr 1, 2010
Winterize Your Home And Get A Tax Credit
The IRS has advised taxpayers that the Expanded Recovery Act Tax Credit will help homeowners winterize their homes so they can save energy and save money at the same time. But the IRS cautions homeowners to check the tax credit certification before they buy winterizing tools.
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Oct 29, 2009
Seller Disclosure: Lawsuit May Not be Worth Time and Effort To Fix Problem
Seller disclosure is required in most states, meaning a seller has to reveal any defects or problems with the house to a buyer. However, the seller disclosure laws and requirements vary greatly from state to state. If a buyer discovers problems with the home that they think were not revealed through…
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Aug 20, 2009
203k Rehab Loan Information
The FHA 203k rehab loan (or 203(k)) Program offers government-backed loans to rehab and refinance a borrower's property. According to the Office of the Comptroller of Currency, this is an important program that can help stabilize the nation's struggling neighborhoods. Learn more about the FHA 203k…
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Aug 6, 2009
Home Ownership Costs: The True Cost of Owning and Maintaining a Home
What are the true costs of owning and maintaining a home. If you're preparing a budget, you need to factor in these cost of ownership. Not only will you have to replace fixtures, appliances, and carpet, but you'll need to change filters, batteries and smoke detectors regularly as well. Landscaping…
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Jul 16, 2009
Hire A Home Inspector To Assist With a Masonite Siding and Wood Rot Problem
A homeowner's supporting wood structure is rotting. He discovered the problem when replacing decayed Masonite siding, and wonders whether he has any recourse with the seller for not informing him about the problem. He might want to hire a home inspector now to determine the source of his problem and…
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Jul 16, 2009
Home Repair Responsibility Differs For Foreclosure
When you're buying a home, the seller is usually responsible for making repairs before closing. But when you're buying a foreclosure, the responsibility for fixing the home does not usually lie with the mortgage lender who's selling it. When you're trying to decide whether to buy a foreclosure you…
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Mar 20, 2009
Fixing Home Inspection Issues When Home Buying
When you're buying a home, a home inspector will go over the property with you to point out any issues that may require home repair. It's a good idea to walk around with the home inspector during a home inspection because he may make comments that won't appear on the final report. After you know the…
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Mar 20, 2009
Inexpensive Improvements To Make Before Selling Home
Today's home buyers are spending too much money to buy a home that they typically don't have the cash left over for improvements such as painting and carpeting. By making these home improvements before selling, your home will sell faster and for a lot more money. Paint is a cheap and easy…
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Posted on:
Mar 16, 2009
Can Reverse Mortgage Be Used To Finance Home Repairs?
A reverse mortgage can only be used on a home that is the primary residence of the homeowners, and could not be used to finance repairs for a family's vacation home. A home equity loan would be the more logical way to pay for home repairs, even for a home held in a trust. As long as the value of the…
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Mar 16, 2009
Sellers Responsible For Recalled Furnace In Sold Home?
Home sellers received a letter that the furnace in their sold home has been recalled. If a product is recalled, typically the company that manufactures it will repair or replace it. The contract will determine if the buyer or seller is responsible for getting the recalled furnace fixed.
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Mar 13, 2009
Home Improvement Services
A homeowner wants to know where to find services for "freshening up" his home. Home improvement services may be offered through a membership warehouse.
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Posted on:
Feb 27, 2009
Selling Home Owned By Exes
An ex-husband and ex-wife are selling a home they own together, but the ex-husband will not make the house presentable for sale.The ex-wife has a right to make sure the home is presentable for sale. But the ex-husband may try to make it difficult for her and the real estate agent to view the home…
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Posted on:
Feb 25, 2009
Before Closing Walk Through And Write A Punch List
When you buy a new home you should walk through it before closing. As you walk through your new construction home you can write down anything that you think the builder needs to fix. If there's something significant such as landscaping, you can hold back some money in escrow until the developer…
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Feb 17, 2009
Who's Responsible For Damage Between Inspection And Closing?
Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing. In many states, it is still buyer beware when it comes to buying the home and if the seller did not lie or hide damage to the home, the seller may be off the hook for damage…
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Jan 19, 2009
Construction Surprises Can Add Up Costs
Whenever you tackle a renovation project, it always seems to cost twice as much as you thought and take twice as long to complete. Construction surprises are one reason why construction budgets get blown. When the unexpected happens, it usually costs a lot to fix it. In almost every renovation…
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Posted on:
Jan 19, 2009
Appraisal Value Prevents Mortgage Financing
If you don't receive mortgage financing under the current terms of a contract, what can you do? Should you renegotiate or back out of the contract? The terms of your real estate contract may include provisions that will allow you different options.
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Posted on:
Jan 19, 2009
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Jan 19, 2009
Buying A Home For Less Due To Radon
When you're looking at homes to buy you may find that some have radon in the basement. Should you buy a house with a radon problem? It may be OK to buy a home with a radon problem so long as it has been corrected. But when you go to sell a home with a radon problem you need to mention it as part of…
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Posted on:
Jan 19, 2009
Home Equity Loan Or Refinance?
Is it better to refinance or take out a home equity loan for a home's major repairs? If you are late paying any bills, you may have trouble refinancing or taking out a home equity loan at a reasonable price. If your finances are out of control, it might be best to hold off on refinancing until they…
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Posted on:
Jan 19, 2009
Title Problems After Father's Death With No WIll
A house was left to her father in 1930. She has lived in the house her whole life, but her parent's have now died. She wants to know if she has legal ownership to the house because her father did not leave a will, but her mother's name was not on the title. States have different stipulations for…
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Jan 19, 2009
Home Improvement Projects: Do It Yourself Or Hire Handyman?
When you're getting ready to sell your house you should make a list of the home improvement projects that will make your home more appealing to buyers. You can do home repairs yourself or hire a handyman to help make home improvements. What kind of home improvement services does a handyman offer?
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Aug 1, 2008
How To Protect Your Home And Family From Electric Shock
Learn about the risk of electric shock in your home. Electric shock can occur when electrical and extension cords aren't properly managed. Do you risk electric shock by using an indoor extension cord outside? Learn how to protect your home and family from electric shock.
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Posted on:
Jul 30, 2008