When buying a home, the down payment is the initial cash contribution applied to the purchase price. This amount is typically reflected as a percentage of the purchase price. For example, $15,000 for a $300,000 purchase would be ...
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Seller concessions are growing in popularity as we move to a balanced housing market. Sellers saw buyers paying $10,000 over list price a few months ago to seeing a median price reduction last week of $10,100. What might ...
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If you found yourself reading this, you’re probably moving. Before you do, here are some important things to remember when moving. Changing your Address When you move, you are responsible for handling the change of your address on ...
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Your loan is approved, and it’s time for the closing. Here’s what to expect leading up to and during the stages of closing on your home loan. Be aware, this process differs from state to state. Depending on ...
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Conditional/Contingent Offers You’ve made an offer and negotiated a purchase price, so it’s time to learn about the contingencies that impact a home purchase contract. When you make an offer, you might make a conditional or contingent offer. ...
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Making an Offer You finally found the perfect home and it’s time to place an offer. Your real estate agent will guide you through this process, but as the buyer, you have the final say in the offer ...
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What is Pre-Approval/Pre-Qualification? A Pre-Qualification letter is one of the most important documents you need when shopping for a home. Some real estate agents will not even show you houses without one. Certain states require buyers to have ...
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Here are some quick shopping tips to help make the process easier This is the fun part where you and your real estate agent will look at homes. It is easy to get overwhelmed during this part of ...
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When preparing to buy a house, whether it is your first home or your tenth, it’s crucial to know the current state of your finances. This includes setting your budget, making good credit decisions and getting prequalified for ...
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Why should I care about a temporary buydown? You might be hearing a lot of chatter about “2-1 buydowns” which is a specific version of a temporary buydown. To all real estate agents, this loan product helps sell ...
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