Home Buying

How To Reduce Risk Of Fraud When Buying A House

scam alert signFraud is ever present in our society but there are ways to protect yourself from falling victim to such a crime. The Pandemic has exacerbated the situation by pushing a lot of the official business of buying a home or property on-line. Personal information being transferred and shared with multiple people lends itself to be compromised whether you want it to or not. There are certain things that you can do to protect yourself when dealing with such a large purchase as a home. With October being the FBI’s Cybersecurity Awareness Month it seems like a good time to highlight the concerns that can come from doing business on-line. 

Buying a Home? 4 Things You Need To Know

Buying a home is an incredibly exciting and impactful undertaking for everyone from first-timers to retirees. Unfortunately, that excitement tends to blind people to the realities of their situation, resulting in mistakes that can have serious financial consequences. While first-time buyers are most prone to these errors, anyone can fall victim to them if they are swept up in the home buying process. To avoid these pitfalls, here are 4 questions that you must know the answers to before buying a home.

Buying a Home? Factor in These Forgotten Costs

All serious home buyers should already know about closing costs, the cash needed to finalize a home purchase. Usually totaling between 2% and 5% of the purchase price, this money covers a variety of expenses, including the title, lender, and appraisal fees, that are required to sell a home. As part of your financial preparation for buying a home, you probably budgeted for these official closing costs; however, there are several additional expenditures which are commonly overlooked by otherwise well-prepared home buyers. Keep reading to learn about these forgotten costs so that they don't end up busting your budget!