Filing for bankruptcy will affect a credit score, but there are steps that can be taken to work toward buying a home after bankruptcy

Americans can undergo several types of bankruptcy proceedings, but the two most common are known as Chapter 7 and Chapter 13. A Chapter 7 bankruptcy wipes out all of your debt (with a few exceptions) while filing a Chapter 13 obligates you to pay back your debts over a period of three to five years. The courts won’t allow you to file a Chapter 7 bankruptcy if you have enough disposable income to pay your debts every month. So, which process is the better choice . . .

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New home construction is booming in Houston, Texas and other cities

Toward the end of each month, the U.S. Census Bureau and the Department of Housing and Urban Development release residential construction activity statistics for the previous month. The statistics are broken down into several categories; the most heavily anticipated being the number of groundbreakings – which they refer to as “housing starts” – and the number of building permits issued. The latter is an indication of future new home construction. . . .

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There are three major red flags that homebuyers should watch out for when touring a home

Although there are many so-called “red flags” to look for when touring a home, let’s take a look at the top three that – if you see them – should make you reconsider submitting an offer without a contingency for further inspection. . . .

Read more about 3 Reasons NOT to Buy That House

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It

The process of buying a home for the first time brings with it a lot of confusion. From how to finance the purchase to what happens at closing, it’s not something most of us do very often. One of the most important steps in the purchase process, if you won’t be paying cash for the home, is seeking out a lender and obtaining a loan preapproval letter. But how do you shop for a lender and a loan? . . .

Read more about How Avoid Overpaying for a Mortgage

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Why You Need a Real Estate Agent SHORT

It is now common knowledge that the U.S. housing market has recovered from the crash of the mid-2000s. Home prices jumped a whopping 11.3 percent in 2013, increasing in 83 out of the 100 largest U.S. metros. Despite low inventories, home sales have improved greatly from their post-crash levels, thanks in part to comparatively low mortgage rates. . . .

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Dual agency is common, but is it a good idea for homebuyers to use the seller

The National Association of Realtors® estimates that perhaps 40 percent of residential deals are being handled by a single agent. So, why do some homebuyers use the seller’s agent, and what are the ramifications? . . .

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Benefits and disadvantages of modular homes

Most people don’t initially turn to real estate agents for modular homes, but some of my clients have found a great new home with a prefab model. Modular homes have their pros and cons, but they’re a smart choice for any homebuyer to consider. . . .

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There are pros and cons for homebuyers to consider before purchasing a vacation home

Whether you love tropical beachcombing or hitting the powder on a ski slope, if you find yourself vacationing in the same locale year after year, you may have considered purchasing a vacation home there. If not, perhaps you should. Like many things in life, there are advantages and disadvantages to owning a second home, and like any investment, buying a vacation home requires taking stock of your finances and your plans for the future. . . .

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If you

May, June and July are the months most people move, according to KVUE TV in Austin, Texas. Since that time period is rapidly approaching, we think it’s time to take a look at some of the biggest problems people encounter with movers and give you some tips on how to avoid or deal with them. . . .

Read more about Disputes With Moving Companies

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We chose three of the best small cities to raise a family by looking at schools, crime and home prices

Life changes when singles become couples, and it changes dramatically when the couple evolves into a family. Priorities change, habits adjust and, most of all, lifestyles morph. One of the biggest changes is location – where does a family live, when schools are a priority but convenience to work is still important? Crime rates become more of a consideration, as does housing affordability. To help you find the ideal small city to raise your family, . . .

Read more about The Best Small Cities to Raise a Family

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