If you have plans to build or buy new home construction, I would like to suggest a few often-overlooked details for your checklist. Most apply to the purchase of an existing home too. These considerations have the ability to greatly impact your family’s health. Over the decades, I’ve k...
The seller will either accept, decline, or counter your purchase offer. If the seller declines, you have the option to make a counter offer. Your purchase offer will include an earnest money deposit — typically between 1% to 3% of the purchase price — that will be put into escrow. The ...
It is required at the time of property purchase and while applying for a home loan • Possession Letter This document is given to the buyer by the developer setting a date on which the property will be given possession. Why is it needed? It is needed at the time of applying for a lo...
Use the home buyers check list or pay for repairs latter. What about the person you bought the home from, are they going to send you some money, ifmajor repairsare necessary, after you have purchased the home. Often after the purchase is made and they move into the home, will they sta...
Save for Other Homebuying Expenses In addition to your down payment, you’ll need to accumulate money for “closing costs” that typically add up to 2% to 5% of the purchase price of your first home. Closing costs are fees and services that you’ll pay for when you finalize (“close...
Before heading to the closing, it is customary for buyers to do a final walk-through of the house. The walk-through ensures the property is in the same condition as when your offer was accepted. You don’t want to purchase a home where a problem may have surfaced. ...
3. Start a Workable Savings Plan for Your Down Payment Unless you plan on getting a zero down payment mortgage, like a VA loan or an FHA or conventional loan with down payment assistance, you’ll need to have a down payment of at least 3%–5% of the purchase price of the home. If ...
We always like to start a list of home maintenance tips for new homeowners with things you don’t need to do, mostly to preserve energy and increase efficiency. Chances are, you had an official home inspection done before you finalized the purchase. In that case here are the things the in...
buyers will scrutinize it more than they would their own. While most of us don't have time for weekly top-to-bottom dusting, keeping your home in pristine condition while it's on the market is crucial. Think of it as maintaining that fresh, new model home look that instantly captivates...
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