What is a Disclosure Statement 🤔 Also known as a “Seller’s Disclosure,” this is a legal document that outlines any known flaws that a home seller is aware of that could negatively impact the home’s value 🏡 💡 TIP: Buyers should scrutinize this document closely with their real estate agent to fully understand the condition […]
Days on market (DOM)
Days on market (DOM) means the number of days a home has been listed on the market. The number of days the property has been on the market may reflect the desirability and/or pricing of the home. If the home has been on the market too long, the property may be stale.
Credit Score
What is a credit score? A number ranging from 300-850 that’s based on an analysis of your credit history. Your credit score helps lenders determine the likelihood you’ll repay future debts. You’ll need a score of 620 or better, but you’ll get better financing rates with a score of 720 or higher. There is much […]
Counteroffer
A counteroffer is a response to a buyer’s original offer on a house to make changes that better fit a seller’s goals. A counteroffer is one step closer to an accepted offer! A counteroffer shows that the seller is willing to work with the buyer, but on slightly different terms (usually a change in the price […]
Conventional Sale
Conventional sale: When the property is owned outright and has no mortgage. Conventional sales are often smoother transactions than those that require financing as there is no dependence on the buyer receiving a loan to purchase the property. A conventional sale is not to be confused with a conventional loan. In this instance: “Conventional” just […]
Contingency
What is a Contingency? A provision of the contract that keeps the agreement from being fully legally binding until a certain condition(s) is met. For example, the purchase of a home can be contingent upon the buyer selling their home first. Every real estate contract includes space for “contingency clauses,” or conditions put forth by […]
Conforming Loan
What is a conforming loan? A conforming loan is one that is limited to $647,200 for most of the U.S., which means you may be able to avoid the stricter requirements of a jumbo loan. Loan limits vary over time and by location so you should check with your lender or Realtor for the latest information. […]
![Thinking about buying a home with family?
Pooling resources with relatives can open new doors, but it’s important to ask the right questions before diving in.
Whether your goal is to care for aging parents, share childcare responsibilities, or simply afford a more desirable home, having a clear plan is key.
Here are a few questions to get you started:
🤔 What’s everyone looking for in the new home?
⚖ Are there compromises the family can agree on?
💼 How will responsibilities and expenses be divided?
🏠 Are there long-term considerations, like accessibility or upkeep costs?
🗓 How will family dynamics change with this new living arrangement?
Open communication is essential to making this transition successful—and we’re here to help.
From family meetings to market advice, we’ll guide you through the process and help you find a home that works for everyone.
Read more in our latest blog post: [Link in Bio]
#realestate #realestateagent #multigenerationalliving #familyhome #homebuyingtips](https://guthriegrouphomes.com/wp-content/plugins/instagram-feed/img/placeholder.png)
