Busting Real Estate Myths #2 – Reaching To Listing Agent Directly Saves Money

Mudit Buying

In dealing with Real Estate, one of the most significant Myths people have is that in reaching out directly to the Listing Agent, they will get a bargain or discount in the price instead of going with their own buying broker. Nothing could be farther from the truth, and let’s discuss in detail why it is paramount for us as a Buyer to have our own representation. Here is the rationale why when we shop for a home, we ought to have our independent representation: 1) Negotiation Edge – The primary element in a successful negotiation is keeping your motivation …

Understanding Home Equity Line of Credit

Mudit Buying

A secured line of credit is essentially a low-interest loan that a financial institution offers you against your investments as collateral, generally your own Real Estate property or Guaranteed Investment certificates, etc. Since your owned asset backs the line of credit, it has a relatively lower interest rate and higher credit limit. The lender has a safety net that they can acquire and freeze the asset if the borrower does not pay the debt on agreed terms. They can go for power of sale of the property to recover their funds. The terms are generally better on Secured lines of …

Home Buying Guide – The Complete Reference

Mudit Buying

This article is prepared to inform a first time home buyer on the most important questions which need to be acknowledged and answered to make a good decision and be successful in the home buying. What it would cost to buy a home? Let’s here discuss on various items that you would need to arrange as a home buyer to coordinate your home purchase. Deposit – This is the amount that represents your good faith. When you like a property and offer is negotiated for amount, closing date and conditions, both you and seller agree on the amount; the deposit …