A home's market value is the perception of the buyer. Sometimes, most often in a situation with multiple buyers, offers will be made that exceed the listing price. Believe it or not, appraisals do not always keep up with market value. Appraisals are performed for lenders, not buyers. The purpose is to justify the sales price so that the lender feels they are making a solid investment since the property is...

Renting gives you flexibility and freedom. Despite the bruising US housing market crash of 2008, home ownership still ranks up there with a successful career and happy family life as a key pillar of the American Dream. In fact, a recent survey found that 71% of adults say that purchasing a home is a top personal goal. Buying often makes financial sense, which is why phrases like "renting is just throwing...

You may not realize it, but if you have recurring bills such as rent and utilities, you already have a credit history. If they are paid in a timely manner, rent, car insurance, medical, cable television and telephone bills are all indications that you are a good risk. Keep copies of the bills and your canceled checks, and ask your landlord, insurer and power company to write letters on your behalf stating...

First: Sign a Tenancy Agreement. All new tenancies must have a written Tenancy Agreement. The landlord must provide a Tenancy Agreement that sets out the particular conditions that have been agreed to. Both landlord and tenant sign it and the landlord must give the tenant a copy before the tenancy begins. Care should be taken by both landlord and tenant in the discussions leading up to an agreement. If a...