Tag Archives: home purchase

What Items Can My Partner and I Expect to Remain in The Home We Are Considering Purchasing? There are many gray areas when it comes to determining exactly what should stay with the home and what may be removed by the sellers. In general, items that are fixed to the real estate must stay. Sellers may take any personal property that is not affixed to the property unless you have stipulated that it stays in a purchase agreement that both the seller and you and your partner, the purchasers, have […]

Purchasing a home is an exciting time in your life. Submitting a winning bid on a foreclosed home that is being sold at an online auction that you and your partner really want to buy can be even more exciting. Before actually making your bid, there are some facts and some pitfalls that you should consider. How it Works When a home is foreclosed on, lenders may sale the home at auction to try to recoup its losses. Some lenders set minimum bids while others do not. Minimum bids may […]

Many potential home buyers begin with the mistaken impression that a down payment is all they need to worry about. Unfortunately, that is not the case. There are other costs involved that, in many cases, must be paid out-of-pocket before or at the time that the purchase closing is held. Following are some of the costs that may or may not be required. Good Faith Deposit A good faith deposit is an amount of money that is paid at the time that you make an offer. The deposit indicates to […]

Unmarried same sex couples who are considering purchasing a home together should take precautions to protect themselves and their investment before buying. There are a couple of options available that would be of benefit in avoiding future problems if the relationship does not work out or one of you dies. Domestic Partnership Agreement Domestic partnership agreements can provide emotional and financial security if you are unmarried, either because you live in a state that does not recognize same sex marriage or you simply prefer not to marry. A domestic partnership […]

When you find the perfect home that you and your partner would like to purchase, you will begin the process by making a purchase offer. The offer generally includes how much you are offering to pay for the home, contingencies to the purchase such as inspections or financing, and any conveyances you would like included such as furnishings or other assets. It may also include a good faith deposit, generally $500 or 5 percent of the home’s value, to show that you are serious about purchasing the home. Before making […]

Finding and purchasing a home is a major decision that a good realtor can help facilitate. But, how do you know if you are hiring the right realtor for you? Below are the top 5 questions every gay home buyer should ask their realtor. 1. Ask if the realtor knows what the current state laws are that relate to gay’s purchasing homes. If the realtor is not up-to-date on current statutes, it could result in him or her giving you the wrong advice for your situation and end up costing […]

When it comes to owning a home, making a down payment can be very challenging. However, there are some instances you can follow in order to purchase a home with zero down payment according to our expert gay realtor. USDA Rural Housing Loans For people with a lower income, rural housing programs may allow them to buy a house without making any down payment. Those whose income doesn’t go beyond the local area median income (AMI) may qualify for loan guarantee. Make sure your personal situation and the property you […]

Tips for first time home buyers. Before you decide on buying your first home, you need to be sure that you are ready to make the investment. The following steps will help first time homebuyers to make correct economic decisions as they search for their new home. Compare the available offers. Check the price of the house or home you want to buy and compare the home sale prices in the location you want to invest in. You should be working with a gay buyer broker that can provide you […]

With the housing recovery now well underway  housing starts are up; builder confidence is at a 7-year high; there are fewer foreclosures; and home prices continue to rise  you may be inspired to get off the fence and buy that dream home. But are you really prepared? Here are a few things you may not know  and what you don’t know could potentially cost you. Credit score When was the last time you checked your credit score? Any idea how good or bad it is? Are there any errors on […]

Have you ever asked yourself this question: How much home can I afford to buy? If you did, and are still wondering the answer, we’ll help to answer it here. Figuring out just how much home you can afford is an important aspect of buying a home. You find a home you absolutely love and begin the whole loan process only to be disappointed because you simply cannot afford it. By figuring out how much house you can afford beforehand, you can avoid this disappointment and frustration. The main factors […]