What is a Mortgage? A Mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of debt. So, what does that mean exactly? Essentially, you (the debtor) can borrow money from a bank or creditor in order to buy a house. You pay back Continue Reading about The Low-Down on Mortgages
Real Estate
5 Things Most People Don’t Think About When Buying a Home
1. Check out the neighborhood as much as you do the house "Location, location, location" is a popular phrase for good reason, but sometimes it gets skipped over by excited first time home buyers. Too often, I see buyers get wrapped up in wanting the white subway tile backsplash and granite counters that they forget to look at the neighborhood. Is it well maintained? Is there noise from a Continue Reading about 5 Things Most People Don’t Think About When Buying a Home
How Long Does it Take to Buy a Home?
It is true that every home transaction is different, so it is hard to give an accurate time frame for buying a new house. According to HouseLogic.com, however, the average purchase of a new house takes about 50 days from start to finish. Let's take a look and how they've broken down the process: 1. Do Your Homework Time: 1-14 days You really should do some critical Continue Reading about How Long Does it Take to Buy a Home?
Residential Property Disclosures
When selling your home, you are obligated, by law, to disclose certain information about your property. Most states require that all residential home sellers complete a written property disclosure form, but let's take a look at Ohio's laws in particular. THE BASICS Ohio law requires most residential home owners to complete a residential property disclosure form when listing the Continue Reading about Residential Property Disclosures
