Homebuyer Resources & Reads: February 12, 2017
Each week we’ll share the best news, tips and resources the Internet has to offer those looking to purchase a new home. Here’s what we found for the potential homebuyer this week:
Sale Pending: What Does It Mean & Should You Make an Offer?
Zillow Porchlight shares with us that, “Sale pending generally indicates that all contingencies have been removed, and the buyer is moving toward closing.”
Does this mean you can’t make an offer if you’ve decided this property is your dream home? Not necessarily.
Many buyers assume that “sale pending” means the property is no longer available. But that’s not always the case.
8 Tax Breaks Most Homeowners Don’t Realize They Can Get
Buying a home is probably the biggest expenditure you’ll make in your lifetime. Ensuring you’re ready for such a purchase is crucial. But it’s also important to know about the breaks that come with homeownership, and how the homebuyer can successfully apply these breaks. Redfin provides some important details:
How Can You Raise Your Credit Score in 30 Days?
While there’s no quick fix to a less than optimal credit score, future homebuyers can begin to implement a plan of action that could help that score rise in as little as a month. Of course, one has to be realistic as to just how much that score can improve, as stated by the team at Trulia.
There’s no “instant” button, but there are things you can do now that will help increase your score.
Buying a Home in 2017? Don’t Forget This One Important Step
While buying a home is neither quick nor easy, there are several steps the potential homebuyer can take to ease the process and make it run more smoothly. According to The Motley Fool, the singe most important step is mortgage pre-approval.
… while it’s not mandatory, obtaining a mortgage pre-approval can make your experience much smoother.
Writing A Backup Offer Can Put You In A Home
Making an offer on a home is not a one and done proposition. The savvy homebuyer will know that initial offers are sometimes declined or rejected, and will be ready with a back-up offer if they’re really serious about buying that specific home.
A backup offer is the same contract to buy and sell used in your original offer, with verbiage added to state that all parties understand that there is another contract in play.