Home Buying Advice

Writing an Offer Letter? Don't Mention These Things

When making an offer on a home, including a personal letter can go a long way toward getting onto the seller's good side. As you can imagine, selling a home in which you've lived for many years can be an emotional experience, so a few words of understanding and encouragement can sometimes be the factor that sets your offer apart from the others. Of course, a bad letter can have just the opposite affect by making a poor impression. Beyond the obvious things like spelling and grammar, the key factor to a good offer letter isn't so much what you put in as it is what you leave out. In this post, you can read about the topics that you'll want to avoid in your offer letter and see some specific examples of phrases that should never be included.

4 Homebuying Costs That Are Often Forgotten

Every prospective homebuyer knows that they need to save additional money beyond just the down payment for closing costs, which generally total between 2% and 5% of the purchase price. Although closing costs include many of the various fees that are required to seal the deal on a home purchase, they don't cover them all. As a result, buyers often fail to budget for any extra expenditures that are incurred during the final phases of the buying process. Keep reading to find out about some of the most common costs that you should expect to encounter while grabbing that dream home!

Here's Why You Might Want to Buy Before You Sell

If you're looking to move, it generally makes more sense to put off buying the new house until after you have sold your old house. The reason is obvious: buying first opens you up to the risk of getting stuck paying for two mortgages simultaneously, a financial burden which many households would not be able to carry (let alone qualify for). Of course, you could place a home-selling contingency into your offer, but this might harm your chances of landing the house, particularly in a competitive market. With all that being said, if you are still considering buying first, then you might be wondering which factors can tip the scales toward buying before you sell. As you will see in this post, this unconventional decision can be a smart move if done for the right reasons!