How Many Homes Should I See?

Many buyers, though especially first-time buyers, wonder how exactly to go about the home-buying process. Specifically, many wonder how many homes they should look at before deciding on one that is right for them. There isn't always one simple answer for that question, as it really depends on your needs, the specific market you are looking at, and a bit of luck as well. In general, it is always a good idea to be familiar with the types of homes available in various areas of your market, and ...

Buying Subject To

When you buy the house subject to, does that mean the seller doesn't care about their credit? Some sellers just don't. The question to ask is how would this affect the ability for somebody to get a loan if they give you their house subject to? This answer depends on first, whether they are going to go get a loan. Plain and simple, many do not. Secondly what their debt ratio is. This is important because this payment will show and count against their debt ratio until it's paid off. What can ...

What to look for when buying raw land

Someone is looking at a piece of raw land in Michigan. It has 169 acres, with a 40-acre lake in the middle of it. The family is asking for two million-five fifty. Does that seem a little high to you? Their asking price seems very, very high. A realtor may tell you this land “might be worth more” or maybe “it will skyrocket with rezoning”. But that's not what it's worth now. Well what it is worth in the future has nothing to do with your negotiating and buying it now. You need to ...