How the heck do you buy AND sell a house AT THE SAME TIME? Argh! It's REALLY stressful! ...Or is it? Here are some important tips on how to make buying and selling a house at the same time go a whole heck of a lot smoother. You might even feel much more prepared! Wow! First and foremost: Start packing I mean, do you even know how long it takes to pack up your life? I know someone moving from a tiny duplex, and it's still going to take her almost a month to pack, have a garage sale, sell stuff on eBay, give it away, whatever it is she needs to do to get herself packed and moved out of there. Additionally, buying and … [Read more...]
Can You Really Buy a House With Only $1000 in Your Pocket?
Sometimes! Have you been thinking about buying a house but figure you won't live long enough to save up that huge down payment? Never fear! Hope is here! Arizona has several down payment assistance programs that provide a grant to homeowners who qualify that shaves 3% off the minimum down payment. That's a huge chunk of the low down payments required for FHA and some conventional loan programs. And it gets better... If the seller agrees to contribute towards your closing costs - effectively financing those closing costs - you might be surprised at the small amount of cash you need to get those house keys. I have seen folks buy for … [Read more...]
Your Loan Officer Is Not Your Friend (continued…)
Yesterday, Justin McHood posted a great article in which he discusses the very blunt reality that "... many people are surprised to learn that a loan officer works for the bank, he does not work for you." (Check out the whole post at http://www.phoenixrealestateguy.com/your-loan-officer-is-not-your-friend/). Here is my two cents on the topic... … [Read more...]