8 home issues that could cause a home sale to fall through

By Trulia  

Do you know what issues most often turn off buyers or kill a sale? Here are some of the big ones.

From a leaky or aging roof to a positive radon test in the basement, there’s probably a lot on your home sale to-do list. And while, yes, you want your house to look its best for prospective buyers, there are some less-than-obvious issues you should probably address before you list your home for sale on Trulia. Whether you’re selling a home in San Angelo, TX or planning to list your home for sale in Hoboken, NJ here’s the lowdown on some common issues that can cause a home sale to fall through.

8 Home Issues To Be Aware Of Before Listing Your Home

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Prepare for your meeting with your mortgage lender by showing up with these 10 question.

By Kayla Albert |  

Buying a home starts with finding the right mortgage lender. Here are the questions you should ask mortgage lenders, before you sign on with one.

Steering clear of homebuyer’s remorse requires more than just picking the right home in the right neighborhood. According to a 2016 survey by J.D. Power, 27% of new homeowners ultimately came to regret their choice of lender. One major reason for the dissatisfaction was overall poor customer experience, including lack of communication and unmet expectations. Another factor? Pressure from the lender to choose a particular product or loan. You can remove some of the…

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Who’s to blame for the housing shortage?

The most pressing problem facing the housing industry today is the tight inventory, and according to Realtor.com, millennials may be partly to blame.

As many young potential buyers move into cities and away from the suburbs, housing construction has been notoriously weak. Cities like New York, San Francisco, Boston, and Los Angeles have seen their suburban areas shrink.

According to Jed Kolko, Chief Economist at job-search site Indeed and senior fellow at the Terner Center for Housing Innovation at the University of California, the amount of young people living in the Washington D.C. urban area increased by 8.6 percent between 2000 and 2014 as the preferences of young people change.

The difference is…

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Analyzing down payment assistance programs for military and veterans

There are a little less down payment assistance programs out there, according to Down Payment Resource. On Monday, Down Payment Resource released its Q1 2017 Homeownership Program Index (HPI). According to the HPI, the number of down payment assistance programs fell by nine to 2,454 from the previous quarter. Around 87 percent of these programs have funds available for eligible homebuyers, unchanged from the previous quarter.

According to the Zillow Housing Aspiration Report, saving for a down payment was the biggest barrier to homeownership, as 70 percent of renters cite not affording a down payment as the top hurdle.

“There are many mortgage-ready renters today, but they don’t…

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What type of mortgage is right for you?

By Trulia | Jun 01, 2017 1:16PM  

Choosing the right mortgage is daunting, so we’ve demystified common scenarios to help you find the right loan.

Tired of paying rent and ready to become a homeowner? Good news! According to Trulia’s recent rent vs buy report, buying a home remains a cheaper option than renting, thanks to relatively low interest mortgage rates and fast-rising rents. And, even better news, you’ve taken a step in the right direction when it comes to saving money — buying can be nearly 40% cheaper than renting.

But before you start picking out curtains and furniture for that new home, there are some financing decisions that need to be made. Determining what type of…

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I bought my house without ever seeing it in person

When Billy Conry’s job transferred him to Colorado in 2014, he and his wife, Liz, were excited to move to a new state and find the perfect new home. Avid outdoor athletes who ski, run, hike, and bike year-round, the couple hoped to find a mountain home that was accessible to the outdoors and nearby trails — bonus if it was a log cabin.

It didn’t take them long to realize they’d be in for a challenge: The real estate market in the Centennial State was extremely competitive. Most of the homes the Conrys found online sold within days. They decided to beat the rush by staying put in their Utah home and pairing their online research with a local real estate agent to find their new home without seeing it…

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Rising Demand, Shrinking Inventory Fuel Median Price Growth

A new report from the New York State Association of Realtors, or NYSAR, shows that housing trends in the Empire State are a microcosm of the U.S. market. NYSAR’s April housing market numbers show strong buyer demand and an ongoing decline in the number of homes for sale.

This dynamic was fueled a 7.8 percent increase in the April statewide median sales price (to $235,000) and an 11.2 percent drop in new listings compared to a year ago, according to the report. In real numbers, that’s a drop from just over 22,000 new listings to just above 19,600.

There were 18 percent fewer homes for sale in New York compared to last April (about 65,000 compared to about 80,000 in 2016). Inventory…

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Nation takes aim at veteran homelessness

Just last week, the city of San Francisco opened up a new veterans housing complex, giving 722 local veterans homes. According to Mayor Ed Lee, the city will open another 128 be the end of this year.

On a larger scale, Senator Richard Burr (R-North Carolina) and Sen. Jon Tester (D-Montana) recently introduced the Homeless Veterans Prevention Act, a bill that would allow veterans to take their children along when using assistance housing. In the past, most housing programs only allowed veterans themselves in housing units, a shortcoming that made it hard for parents—particularly women—to participate.

In September, the Five Star Institute will do its part toward ending veteran homelessness by hosting its…

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First-time Buyers Account for 60 Percent of Home Purchases

The share of first-time homebuyers continues to rise, now accounting for almost half of all GSE purchase loans and more than 80 percent of FHA loans, according to the May 2017 Chartbook, released by the Urban Institute’s Housing Finance Policy Center on Wednesday.

According to the Chartbook, 47.1 percent of all GSE purchases loans were first-time homebuyers in February 2017, while a whopping 82 percent of FHA loans came from first-timers. When combined, about 60 percent of all purchase loans for the month of February were from first-time buyers—just below the 2009 peak of 63 percent.

For the first time in 10 years, the creation of new-owner households outpaced new-renter households. The…

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