Buyers

Found 69 blog entries about Buyers.

By Daniel Bortz | May 17, 2017

Long before home buyers decide a certain place must be theirs, it behooves them to ask a lot of questions. For example: "How's the neighborhood?" or "How old is that water heater, anyway?" Ask away! Such queries help you pare down your options, so don't be bashful; real estate agents have heard them all.

However, the adage "There's no such thing as a stupid question" isn't always true. As proof, just check out this list of the strangest questions real estate agents have ever heard about a house. Cue the “Twilight Zone” music—things are about to get very, very weird.

1. 'How do you keep alligators from coming up into the toilet?'

Michael Lyons, a real estate broker with Lyons Realty Group in Hollywood, FL, has

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Sixty-one percent of U.S. adults believe home prices in their local area will rise over the next 12 months, the highest percentage since Gallup began collecting such data in 2005. That also marks a big difference between 2008 and 2012, when no more than one-third of Americans believed home prices would increase.

Residents in the western region of the U.S. are the most optimistic, with nearly three-quarters of residents saying they expect price increases compared to slightly more than half of Midwestern and Eastern residents, according to the Gallup poll. With mortgage rates sitting below 4 percent, consumers may have more incentive to act now before home prices rise even more.

Sixty-seven percent of U.S. adults say now is a good time to

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Getty Images | Underwater Home Loan

by Steve Sinovic /Albuquerque Journal Staff Writer

In more good news for the real-estate market, thousands of Albuquerque-area residents have regained equity in their homes.

At the end of last year, 5.3 percent of all residential properties with mortgages in the metro area, or 9,359 homes, were in negative equity. That compares to 9.5 percent in December 2015, or 16,701 homes, according to home-equity data from CoreLogic. Having negative equity, often referred to as being “underwater” or “upside down,” applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity, one of the long shadows cast by the housing bubble, can occur because of a decline in home value, an increase in mortgage debt or both.

The growth

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Once a buyer settles on a home, they often show their commitment with an earnest-money deposit. But if they’re not careful, they could lose thousands of dollars.

Realtor.com® recently featured some of the biggest mistakes home buyers most often make with earnest-money deposits, including:

Failing to understand exactly what an earnest-money deposit is.

It is proof that a buyer is committed to completing the sale. Earnest money is used as credit toward the down payment and closing costs. It’s often a negotiable amount between the buyer and seller and usually about 1 percent to 2 percent of the purchase price, although it could be much higher.

Not offering up enough.

When a market is competitive, offering more earnest money may be one way to

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Updated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original Borrowers

Washington, D.C. (August 4, 2016) – The Consumer Financial Protection Bureau (CFPB) today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and provides important loan information to borrowers in bankruptcy. The changes also help ensure that surviving family members and others who inherit or receive property generally have the same protections under the

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 us capital building

Source: HomeOwnershipMatters.realtor

Fast Fact: The National Association of REALTORS® Issues Mobilization grants help keep you and your neighbors aware and informed about public policy changes that would impact your wallet and your home.

Too often, legislators target homeowners when seeking to fund federal programs. Even recently, some tried to put the financial burden of highway and transportation programs on the backs of homeowners.

A proposal in Congress would have diverted Fannie Mae and Freddie Mac’s guarantee fees (sometimes called “G fees”) to pay for these long overdue national highway and transportation improvements. Each time G fees are used for unrelated government spending, America’s homeowners wind up paying more for their

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Image of cyber hacker with laptop

Phishing, hacking, wire fraud  these are all ways people attempt to steal from others online. As real estate searches and transactions move more and more online, the chances of being caught up in a cyber scam have become even greater.

“By now most people have heard of the Nigerian prince scams or phishing emails asking for social security or banking information, but many people don’t know that they need to watch out for possible scams when buying or selling their home,” said Jon Schnoor, 2016 President of the Greater Albuquerque Association of Realtors®. “Cybercrimes have become increasingly sophisticated over the years and the people perpetrating them focus on situations where a lot of money is changing hands, making real estate transactions an

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By Eva Medcroft, Editor for NewMexicoHomeSearch.com

If you're like me, you spend a "little time" looking at home design ideas on HGTV, DIY, Pinterest, Houzz and more. And, you may have noticed that all the latest designs nationwide seldom use textured walls.

Before we show you how to repair your textured walls, we need to introduce you to the most common textures so you can sound like a pro when you go to your favorite home improvement store for supplies – or when you hire a pro if DIY textured walls are not your thing.

To learn more about how you can replicate this technique, click on the image to go to DryWallSchool.com for in-depth DIY tutorials and videos.

1. Knock-Down

One of the most common textures is called knock-down. It may

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 Adobe girl from New Mexico True

You’ve heard the expression, ‘dumb as mud?’ Well, that’s not really how we think about our mud here in New Mexico.

Adobe is a defining feature of New Mexico’s unique architecture, and something visitors from around the world are drawn to discover and explore. Along with New Mexico's endless skies and stunning landscapes, adobe gives our state a look and feel that can’t be found anywhere else.

Find “Cured Earth” and the New Mexico True Adobe Trail at NewMexico.org.

Pick a trail and see where it leads – to classically New Mexican adobes or Victorian neighborhoods on the Architecture Trail; to green chile cheeseburgers and family-owned wineries on the True Cuisine Trail, to famous artists, Native craft and top museums on the Art, Culture

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 Reviewing a contract

By Eva Medcroft, Editor for NewMexicoHomeSearch.com

In 2010, the Consumer Financial Protection Bureau was created under the Dodd-Frank Act. The purpose was to create a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.

When financing a home, CFPB’s goal is to ensure home buyers are engaged, prepared and knowledgeable so they are more likely to achieve successful, sustained homeownership.

To empower home-buying consumers with the information they need to make informed mortgage choices, the CFPB has implemented of the TILA-RESPA Integrated Disclosure rule, which is often

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