Options exist to help you avoid foreclosure-including counseling, refinancing, and short sales. Purchasers of foreclosures should be aware that such homes, despite their reputation, are rarely big bargains or easy money-makers, and can be very difficult to buy.
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Bloomington, Spencer and Indiana University Area Neighborhood Information Request our Free Bloomington, Spencer and Indiana University Relocation Package. It's packed full of useful and important information about the Bloomington, Spencer and Indiana University, Indiana area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... What are the best neighborhoods? It's our job to know! Tell us more about your move. Or request our FREE Bloomington, Spencer and Indiana University relocation package of information. It'a free and without obligation...
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Insurance >Home Warranty Benefits Home warranty policies are available to both homebuyers and sellers. What are the advantages of purchasing one?
As the buyer, a home warranty can save you money. If the refrigerator stops working during a hot spell shortly after you move in, it will be fixed or replaced under the warranty at a fraction of the cost of buying a new refrigerator. If you are buying an older home, you might ask the seller to provide a one-year warranty as an incentive. The warranty will protect you from major expense if the plumbing suddenly fails or the roof starts leaking.
As the seller of an older home, you can understand how the warranty can make your home more attractive if you put yourself in the buyer's shoes. The warranty relieves the buyer of concern that they will have to spend thousands to repair a major system that breaks down unexpectedly. It also relieves you of anxiety that the buyer will sue you for failing to disclose a material defect. The warranty only costs a few hundred dollars and can be paid for when the transaction closes.
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
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