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NBC’s today show had a really nice segement on Internet-based Home Buying tools today. In general the discussion was very upbeat and “cautiously optimistic” about the near term outlook for residential real estate. Among other things, websites for mortgages, foreclosures, maps/satellite images, and school information. You can link to the Today Show’s video library and see additional real estate and home buying videos from NBC. |
Best Online Tools for Buying a Home
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- Mortgage Rate Averages
What is a Home Warranty?
A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.
What is a Short Sale?
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
