I am a first-time homebuyer considering a foreclosure. I don’t have much flexibility with my budget so this seemed like a good option. What are the pros and cons? How do I know if a foreclosed home is right for me?
Foreclosed & Confused
The first rule of real estate is location, location, location! Your proximity to certain natural hazards, places and, yes, even people plays a huge role in determining your home’s value – for better or for worse. Can you guess which neighborhood grocery store can increase a home’s value by 40%?! Check out this infographic to find out.
And don’t forget to get a Housefax Report to see a home’s natural hazard risk, sink holes and other factors that affect a property’s value!
For U.S. residents along the Atlantic or Gulf of Mexico coast, hurricane season officially began June 1. If the latest projections prove to be true, this year will see an above average number of storms. In fact, Tropical Storm Arlene kicked things off a little early on April 20, and there have been four other tropical storms since then.
As we enter peak season, what should coastal residents know about the 2017 hurricane season? Here’s a run down of important predictions and changes. Continue reading
CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, has acquired well-known real estate technology and consulting firm, Clareity. As reported by Inman, with the purchase of Clareity, CoreLogic extends its real estate tech offerings to include Clareity’s flagship SafeMLS user authentication tool and its single sign-on MLS and broker dashboards.
Clareity co-founder and CEO, Gregg Larson, is a member of the Housefax Board of Directors and Advisory Board. In 2015, Clareity made a six-figure investment in Housefax.
Housefax recently began offering single sign-on access to Housefax Reports for select CoreLogic MLS customers via the Clareity dashboard.
Read more about the Corelogic acquisition of Clareity.
Summer’s here and that means BBQs, beaches and Open Houses! If done right, an Open House can be a great event to impress sellers while attracting new clients. Here’s a collection of our favorite Open House tips EVER — everything from unique ways to promote your event to the oh so critical follow-up.
Housefax Offers More Information Than Previously Available For Buyers, Like Sound Score and Cellphone Service Quality
July 10, 2017, Hilton Head Island, S.C. – Potential home buyers who work with Multiple Listing Service of Hilton Head Island (HHIMLS) agents will now receive deeply discounted rates for Housefax, a service much like Carfax, for the use of home buyers to learn more about the properties they are interested in.
HHIMLS partnered with Housefax to calculate the most up to date and accurate property history report so that home buyers can make informed decisions about their prospective home. Housefax includes detailed information on properties including buyer incident reports, building permits, transaction history, floodline information, roofing conditions, sound score and hail exposure, cellphone service quality, information about schools in the area and more. Continue reading
Photo Credit: Pixabay.com
One of the most common home improvement projects for people looking for a moderate to upscale change is the bathroom remodel. Whether it’s a guest or master bath, a bathroom remodel has many different components and can range anywhere from mostly DIY to barely any DIY, depending on a variety of factors. Here are some tips for how to tackle your bathroom remodel in the smartest, safest, and most cost-effective way possible. Continue reading
According to FEMA, every home is vulnerable to flooding. Just an inch of water can cause thousands of dollars’ worth of damage.
Floods can happen anywhere and anytime. Recently, flash flooding in Arizona accounted for at least 9 fatalities.
Properties in moderate- and low-risk areas account for more than 20 percent of the country’s NFIP (National Flood Insurance Program) claims and receive a third of flood-related federal disaster assistance. Regardless of your home’s risk, it’s important that you are prepared in the event of a flooding.
Want to know if your home is in a flood zone? Run a Housefax Report on your address to see your flood zone risk.
Additional Data Provides Real Estate Agents and Consumers with Valuable Property Insights to Make a More Informed Buying or Selling Decision
July 18, 2017 – Washington, D.C. – Housefax, a leading provider of residential property reports for consumers and industry professionals, has recently announced several key enhancements to its property report. View a sample report.
According to the National Association of Realtors®, homebuyers today want information and they want it fast. They don’t want to search dozens of websites to get it. Real estate agents want a competitive edge to set themselves apart from other agents. And, they want help turning passive shoppers into confident buyers. Housefax Property Reports were designed as a solution for both.
If you’re thinking of buying a home, one of the first questions you may ask is “Can I qualify for a home mortgage loan?” There are a number of factors that determine the answer, such as your employment history (including length of time at your current job), your debt to income ratio (how much you owe compare to how much you make), and the amount you have for a down payment. But perhaps the biggest factor in determining your loan eligibility is your credit score.
There are actually a few different types of credit scores. The score used by the mortgage industry is your FICO score, which for housing loans ranges from 300-850. This range is broken into categories ranging from “Excellent” to “Bad”.
Photo Credit: Credit Sesame
The obvious question is “what credit score is needed to buy a house?”
Unfortunately, the answer isn’t as obvious. Continue reading