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Buying a Home From the Bank Bargain shopping is not an activity solely reserved for buying furniture or clothing. In fact, as demonstrated by the aftermath of the epic bursting of the United States housing bubble back in 2008, home buyers also like to find a real bargain, and for many this means actively shopping the local inventory of foreclosed homes. 

While the purchase of a foreclosure can offer buyers an opportunity to get more house for the amount they want to spend, the process to purchase one has some important differences from a traditional home purchase that buyers should understand before deciding to make an offer on a foreclosed or bank-owned home.

Understand Auctions and Bank-Owned Foreclosures

Buying a foreclosure at auction can seem like a bargain, but the

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Staging a Vintage Home When you stage a home before you sell it, you want to present it as a place that will be current and neutral enough for modern home buyers. Staging an older home can still be a comfortable space for future owners. With these tips, you can also take advantage of some of the benefits of older homes, such as beautiful architecture or classic features.

Make Repairs in Advance

A major concern with selling an older home is that an older structure and outdated interior systems may need to be replaced. You might be horrified to discover that a home you were prepared to buy needed a great deal of structural repairs before it would be move-in ready.

Ask your real estate agent if getting an inspection in advance would be a good move for your home. If

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Home Seller First Impression It's an eye-opening realization for home sellers everywhere - no matter how much time, money, and work is invested into the interior of the home, buyers may never even see it if they lose interest at the curb.

Just as the right wardrobe is important for conveying professionalism in business, the visual appearance of a home, especially one that needs to attract qualified buyers, is vitally important to a successful sale. But what does a prospective buyer hope to see when they arrive at the curb? What will make them eager to enter into the home in order to see more?  

The Basics of Curb Appeal 

The first rule of curb appeal is simple: make sure that everything the buyer sees outside the home is clean and neat. Just like people, houses can begin to

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Lender Paperwork and Disclosures Although the idea of regulating the ways lenders can provide mortgages to home buyers is nothing new, the housing crisis stepped it up considerably. In recent years, there have been several mortgage regulations passed by federal and state governments, designed to protect borrowers.

Here are a few of them, and how they affect your mortgage and home search.

To understand what mortgage terms will work best for your specific situation, consult with your lender or financial advisor.

What is Mortgage Regulation?

When you apply for a mortgage, you may see it as a process that involves just your lender and you, the borrower. The truth is that there are many government regulations and agencies that are also involved in the mortgage lending process.

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Home Value and Capital Gains The phrase "capital gains tax" has the power to create fear in the heart of many homeowners, especially those with plans to sell in the near future.

If you are planning to sell your home soon and already worrying about your capital gains liability, the information in this article can help you understand the meaning of the law, and help you determine how, or if, the capital gains tax will affect you with the sale of your home.  

What is the Capital Gains Tax?

As the Internal Revenue Service (IRS) explains, nearly everything owned or used for personal or business use is considered a capital asset, including your home and even your furniture and other personal possessions. Capital gains taxes are calculated by computing the difference of the basis

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Fully Furnished Home By now you've surely heard that staging your home before putting it on the market will help you sell your house faster and for a better price, since seeing a furnished property helps buyers imagine living there. But would buyers also be interested in keeping all that furniture and some of the decorative touches for themselves? 

As it turns out, yes – there is a market for selling fully furnished homes, and there are buyers out there who are looking for 100 percent turnkey properties that they can slide into without even hiring a moving van. This type of sale is becoming more common in some areas, though it's still far from the norm in most areas of the country. 

When Should You Sell a Fully Furnished House?

For certain sellers, getting rid of

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Waiting for Home to Sell Mortgage interest rates are historically low and the homes available for sale inventory is tight. So, why is your home still on the market?

It can be a little discouraging not to get the quick sale you may have expected, especially when selling your home might be an important next step in your life.

After speaking to your listing agent, and if your home has been on the market for a while, consider the following:

1. Is the Home's Price too High?

When there is high demand for housing paired with a low supply, all things being equal, homes will usually sell for more than they would in a down market. However, there are always limits to what buyers are willing or able to pay. Do some research with your agent to see how your home is priced compared

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Improvements Before Selling Home If you are preparing your home for the market, you should know that even well-maintained homes can sometimes need minor repairs or renovations to compete well with other homes for sale in the area. However, you may have questions about which repairs or renovations are really necessary.

If you are a soon-to-be home seller and wondering what you should do to get maximum buyer attention and the best possible offers on your home, the following tips will help you make an informed and financially smart decision.

Take a Good Look at the Competition

One of the best ways to make an informed decision about what your home will need to make it compete well in your area is to take a good look at the competition.

To do this, ask your real estate professional

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Choosing a Home & Location Finding the right home in the right location can sometimes feel like looking for a needle in a haystack, but it doesn't have to be that way. Instead, there are some tips and tricks for finding that perfect combination of house and location that really feels like home.

The more knowledgeable you are about the area and the styles of available houses the better, but a good local real estate agent can also help with any questions or concerns. To be sure what you are getting, don't get caught up in only the location or only the house. A balance between the two generally makes for a better purchase and less chance of regret.

Location, Location, Location

There's a reason this phrase is so common: The location of a new home is highly important. Noise,

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Narrowing Home Search When looking at potential homes, homebuyers can be overwhelmed with all of the choices out there. Hundreds of homes are on the market in any given city throughout the year.

Without evaluating every single listing, how can new homebuyers narrow the search down?

Start With the Basics

When presented with a myriad of choices, it is best to put first things first. The buyer’s budget, type of home, the number of beds and baths, and location are the cornerstones of any property search.

Budget

Every potential buyer would love to have a multi-million dollar budget when looking for their dream home. However, for most buyers, this is not the case. Having a realistic budget in mind will be an important factor in narrowing the initial home search.

Type

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