Assuming a VA loan can be a convenient and cost-effective way for veterans to finance a new home. By assuming a loan, the buyer can take over an existing mortgage when buying a home. Loan assumption can have numerous advantages for the buyer and seller, and is considered an often overlooked VA benefit. Here are some major reasons...

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

First-time homebuyers are an important subset of potential customer every agent and seller should know. As younger generations reach the age and stage of wanting to purchase a home, they’ll be entering the market with specific needs. If you’re selling your home—either through an agent or by owner—here are some of the most important things to do to...

Photo by Gustavo Fring from Pexels Purchasing new construction might seem easier than buying an existing home, since you’re not working with a seller. However, a new construction purchase can come with its own complications that make the process challenging. Having a real estate agent at your side with buying new construction can ensure that this process goes...

Photo by Romakoma via Shutterstock Many modern housing developments share areas such as parks, pools and playgrounds. When this is the case, they need a homeowner’s association to tend to the needs of the common areas. The same is true for condominium complexes and townhome communities. Since hallways, elevators and the outsides of buildings require shared maintenance, the...

Photo by Gerd Altmann via PixabayOnce you sign a purchase agreement, whether you are the buyer or seller, it is very difficult to back out of it. However, as a buyer, you are able to back out if your real estate agent drafts the contract properly. Real estate agents use a standard contract. That does not mean that...