Finding a Home
Rent vs. Buy Calculator
The Rent vs. Buy and other handy calculators can be found on the FreddieMac web site.
Making an Offer on a Short Sale? What You Need to Know
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation.
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.
A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.
Read more: Making an Offer on a Short Sale? What You Need to Know
Knowing and Understanding Your Credit
Read the Fannie Mae PDF: "Knowing and Understanding Your Credit"
How Long Should I Wait for Short Sale Approval?
Answer: Short sale buyers across the country are singing the blues right along. Every short sale is different and as much depends on the lender as it does on the listing agent. Some listing agents outsource their short sale negotiations to a third party, which can often delay a response.
Improving your FICO® credit score
It’s important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time. See how much money you can save by just following these tips and raising your credit score.
Home Buying Tips
Step 1: Prioritizing Your Needs
Start by establishing a list of features that you desire in a home and provide the reasons why. Use it as your basic search guide, but remember that depending on your financial situation, you will probably need to make some compromises. In addition, talk to The Choporis Crispell Team about where you want to live. Location is a critical part of any home purchase. We are trained to assist clients in narrowing down their choices by providing the latest market trends and local information like neighborhood statistics and community links.
Do I Need A Realtor If I Build New Construction?
YES, YES, YES!
New construction is plentiful in Southern Maryland, and you may be considering buying a newly built home. New construction has a ton of advantages, but many buyers make the false assumption that they can save money by not using their own REALTOR when purchasing a new home. This is a huge misconception!
Making an Offer on a Short Sale? What You Need to Know
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation.
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.
A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.
Read more: Making an Offer on a Short Sale? What You Need to Know