Buyers often save aggressively to have an adequate down payment for a home. While 20% is no longer a standard expectation, people still generally need thousands of dollars in liquid capital to qualify for a mortgage. Mortgage funds are another key aspect of a real...
Purchasing real property is a relatively lengthy process. Buyers often personally inspect the property at least twice. They may also need to pay for an appraiser and an inspector to check the property's condition. After touring the property initially, buyers may...
Buying a foreclosed property in New Jersey can offer a good deal but has legal complexities. You must understand these complexities to avoid financial losses and ensure a smooth transaction. NJ foreclosure process In New Jersey, foreclosures are judicial, meaning they...
Property boundary disputes can arise between neighbors when property lines are unclear or when one party encroaches on another's land. Resolving these disputes requires a clear understanding of New Jersey property laws and the available legal options. Reviewing...
Real estate decisions can feel overwhelming, but understanding the basics can simplify the process. Three golden rules help guide successful real estate transactions. Rule 1: Location determines value In real estate, location directly impacts value. Homes in desirable...
When you discover your dream home, you may wonder if there are ways to gain the upper hand in the competitive real estate market. One creative method you can use to stand out from the crowd involves crafting a personal love letter to the home seller, expressing...
There are numerous expenses people have to cover as real estate transactions unfold. Obviously, those buying a new home have to pay the purchase price that they offered the seller in full. For the vast majority of people buying property in New Jersey, a mortgage is...
Purchasing and maintaining residential real property could very well be the biggest financial investment of someone's life. People often save for years to be able to afford homeownership and then devote roughly a third of their income toward mortgage payments every...
Mortgage insurance is an important factor to consider when purchasing a home in New Jersey. Whether it is necessary or required hinges on the type of loan and factors related to the purchase. Understanding the role and need for this insurance can aid potential...
Buying real property in New Jersey requires a lot of planning, especially if people want to use the home to serve as their primary residence. There may be repairs or modifications to make, as well as moving plans to solidify. Home buyers need to time things carefully...
