Keep Your Home Purchase On Track

A home purchase isn’t complete until you make it to the closing. Until then, the transaction can fall apart for many reasons. Here are five tips for avoiding mistakes that cause a home sale to crater.

1.Ā  Be truthful on your mortgage application.

You may think fudging your income a little or omitting debts when applying for a mortgage will go unnoticed. Not true. Lenders have become more diligent in verifying information on mortgage applications. If you fib, expect to be found out and denied the loan you need to fund your home purchase. Plus, intentionally lying on a mortgage application is a crime. Read the rest of this entry »

Spoken by Maggie Dokic | Discussion: Comments Off on Keep Your Home Purchase On Track

Home Prices Rose 5.8% in 2014

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORSĀ® show.

Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many markets, the number of single-family homes, townhomes, condominiums, and co-ops that sold in December 2014 rose 2.4% from November and were up 3.5% compared with December 2013. Read the rest of this entry »

Spoken by Maggie Dokic | Discussion: Comments Off on Home Prices Rose 5.8% in 2014

These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

  Copyright © 2007 The Blog That Ate Miami     Agent Login     Design created with Real Estate Tomato     Powered through Tomato Blogs