A short sale happens when a homeowner tries to sell a home for less than the amount owed on the mortgage. Short sales usually happen as a last resort, when a homeowner is in financial distress and is struggling to make mortgage payments. Short sales are common among homeowners who are underwater on their mortgage.

Homeowners who are experiencing financial distress and who

After a home buyer makes an offer on a home and after the offer is accepted by a seller, the buyer must write a check for earnest money. The earnest money is deposited into an escrow account for safe keeping. This begins the escrow period. The escrow period typically lasts about a month to 45 days. During that time, the buyer will have many responsibilities to prepare for the

Bidding wars are common in competitive housing markets when people are trying to buy homes. Buyers who don't use smart tactics can spend months or years bidding against other buyers without succeeding. Knowing what to do to win a bidding war can help buyers succeed and get the house they want.

For informational purposes only. Always consult with a licensed real estate

Real estate investment is an excellent way to make money. For some people, real estate investment is a primary source of income. For others, real estate investment is a hobby. If you're thinking about getting into real estate investment, here's what you need to know.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate

Homeowners need tools in order to personalize and repair their house. These five essential tools are critical for homeowners to keep on hand for getting work done at home.

1. Hammer

The hammer is the classic, quintessential tool for a reason. It's used to attach shelves to the wall, remove nails, assemble furniture and perform a variety of household functions. Nearly all

Most homeowners don't think of their property as a product or a brand, which is why so many sellers discount how marketing can help them get a better price for their home. And yet, while a house isn't the same as a bar of soap or a pair of socks, there are principles of selling that homeowners can use to tempt buyers to make a higher offer than they otherwise would have. Learn

Keeping up with the new residential technology of the day is more than just a conversation starter or mere curiosity. For homeowners (and hopeful homeowners), it's a way to prepare themselves for any future properties they may retrofit or purchase. Construction technology has not moved as far or as fast when compared to the technology of other industries, but they have made some

The majority of home buyers buy pre-existing homes, but some home buyers want to make their own home own their own plot of land. Buying and selling land is far different from buying a pre-existing home, so it's important to understand the difference. Here's what home buyers need to know about the business of buying land and selling it.

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