Purchases contingencies (inspections, appraisals and legal reviews)
1:41 PM EDT, August 26, 2011
Financing a home purchase has become extremely difficult since the housing boom turned to bust. Getting an appraisal to match the price for which one's lender has preapproved a mortgage can be more art than science.
May 6, 2011
Mice, mold and leaking bathtubs are among the last discoveries homebuyers want to make after moving into a new home. But that's exactly what a client of Oakland, Calif.-based financial planner Cathy Curtis found shortly after closing.
August 15, 2008
REAL ESTATE CLOSING PROCESS
Buyers may agonize for months searching for the right house or condominium. Then comes the tricky part: the closing.
May 4, 2008
If you thought buying a new home was expensive, wait until you see how much it costs you to back out of the deal.
January 27, 2008
Headed for your real estate closing? No matter which side of the table you'll be on, have a Plan B.
December 21, 2007
Home inspections are considered an important part of the buying and selling process for an older home.
November 2, 2007
ASK AN EXPERT
On the day of the closing, the builder and his subcontractors were frantically making last-minute adjustments on a new, million-dollar house. Frank Lesh, the buyer's home inspector, filled the whirlpool tub in the master bathroom and tried to turn on the jets. No juice. So he pulled the plug and went downstairs to tell the electrician. Behind Lesh came a cascade of bathtub water, which had made its way under the upstairs floor and onto the staircase.
September 9, 2007
Judy Mello wasn't looking forward to buying a new place to live, imagining a lengthy, complicated and perhaps stressful experience.
August 5, 2007
It used to be that "buyer's remorse" was the No. 1 deal killer. Not anymore.
June 24, 2007
REAL ESTATE TERMS
An appraisal is:
April 26, 2007
Editor's note: Robert Bruss is taking some time off due to an illness. This column originally appeared in May 2006. ---------- When a home buyer makes a small or zero down payment, the appraisal is vital to obtaining a high loan-to-value ratio mortgage. However, if a home buyer makes a large down payment, then the appraised valuation to confirm the sales price is not so critical.
April 22, 2007
Much to their chagrin, many buyers, sellers and owners are finding that their homes aren't worth what they thought. At least not in the eyes of the professionals hired to tell lenders what the places could fetch if borrowers failed to make their payments.
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