Buying a Short Sale Home: Pros, Cons, and How To Make the Purchase
Buying a Short Sale A house in pre-foreclosure opens up the possibility of a short sale. Essentially, the owner has either defaulted on their mortgage, usually not paying for 90 days, or is underwater and owes more on the home than its market value. There are both major benefits and disadvantages in trying to buy […]
Should I Buy a Foreclosure? Pros and Cons of Buying a Foreclosed Home
Buying a foreclosed home can be a completely different experience than buying a home through a traditional sale. While there are pros like lowered cost, there are cons, like buying the home as-is. Here’s an overview of the pros and cons of buying a real-estate owned home (REO), and whether you should consider a bank-owned […]
How To Buy a Foreclosed Home: Tips for Purchasing Bank-Owned Property
Decide Whether Buying a Foreclosure is Right for You Buying a bank-owned home is a bit different than buying a house from a traditional seller. Because it’s a foreclosed home, there’s usually only one real estate agent: yours. Buying a foreclosure can be a lengthy process, and while you may want to include foreclosed homes […]
How Many Miles Should a Used Car Have?
Why Mileage Matters Mileage might be the single most important thing to look at when purchasing a used car. It can affect the price due the condition of the car, and can be a significant bargaining chip. What’s good mileage on a used car, and how can you turn that into getting a good deal? […]
Should I Buy an Extended Warranty on a Used Car?
What Is an Extended Warranty? An extended warranty is a warranty that only kicks in once the manufacturer’s warranty expires. It’s an additional cost, an added upgrade that you can choose while in a dealership’s financial office. Generally, you want to buy an extended warranty before the manufacturer’s warranty expires, as the price goes up […]
Buying Out a Lease: How to Buy Your Leased Car (And Whether You Should)
Leasing a car can be an attractive option, thanks to monthly payments being cheaper than outright paying a loan to buy the car. However, it’s possible to buy your leased car, and is usually an option when the lease runs out. Here’s how to buy your leased car, and how to determine if it’s a […]