Source: How do Realtors get paid?
- Get pre-qualified with a lending specialist
- Shop for your dream home with an accomplished real estate professional
- Choose a top 2 list
- Place an offer on #1
- Be prepared for a counter offer
- Sign and date the effective contract
- Take note of the option period
- Order inspections and negotiate repairs
- Terminate or proceed with the contract
- After final approval, go to closing to sign and own your new home
In addition to the 10 steps to buying a home you will need to consider the following up-front costs in order to determine if you have the appropriate cash reserves to get started:
- Earnest money – typically 1% of sales price – the amount of earnest money is negotiable and varies with the value of the property
- Option money – $100 – $350
- Inspection fee – $400 – $450
- Appraisal – $325-$425
- Credit report – $75
Now that you know the…
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A recent Consumer Reports survey on best American-made home appliances made news lately, as it showed how competitive the US appliance market has become. It seems that US appliance manufacturers are producing more of their their premium and luxury appliance brand models on US shores, but continuing to outsource lower-priced appliance models to foreign countries and independent contractors. .
From the pro-style ranges are made in KitchenAid’s factory in Cleveland, Tenn.to the KitchenAid dishwashers that are manufactured in Findlay, Ohio, the range of US-made appliances is impressive. Brands that made the list that Appliance Parts Company has serviced and carried parts for in the past include Whirlpool, Amana, Maytag, General Electric and others.
Higher prices for premium models?
As premium models continue to get produced in America, prices on US-made models might be a little higher for consumers. But that higher price comes with the satisfaction of knowing that the…
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A believer in Home Warranties! I recently sold my home and purchased a new one for my family. The family that purchased my home wanted me as the seller to purchase a warranty for they home. I without hesitation agreed to give this family peace of mine that in the next year their appliances would not fail them. I also in purchasing my new home decided to get a home warranty. One of the best decisions I could have made. Since we moved in we have had to fix the hot water tank (required a new element) and on 12/22/2014 the dishwasher pump decided to go out. The experience with my home warranty company is I called yesterday technician came today and part will be placed in dishwasher on 12/24/2014. Saving my hands from hours of washing dishes on Chirstmas Day.
So for those individuals buying or selling a home…
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While maintaining an HVAC system is a homeowner’s responsibility, not all of them know what to do. A smart homeowner recognizes the need to fully understand their HVAC system, and who to contact when the time comes to make those repairs. This article will help you out.
When purchasing a new HVAC system for your home, be sure it is energy efficient. These days, most new HVAC systems are energy efficient; there is a energy star label on the equipment. However, to be sure your utility costs do not go through the roof, choose equipment that is energy efficient.
Do not be surprised if the HVAC contractor you choose does an evaluation on your home. Any good contractor will spend time looking at the system you currently have and what the needs are for your home. They will also take a look at your duct system and look for air…
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It’s one thing to shop for homes on these popular websites, but it is quite another to get real information from them. If you think that the Zillow zestimates are accurate, then you should check out your own home value. There is a 50/50 shot you will like what you see. It will be wrong one way or another though. Zillow tends to value neighborhoods by average pricing. H0w else could they do it? They have not seen the lots or the upgrades in the homes in your neighborhood. SO…if you have an amazing view, you are probably going to hate what your Zestimate is. If you have a not so great view, you will probably LOVE what it says.
Additionally, all three sites will have out of date information. I can’t even begin to tell you how many calls I get about homes that are no longer on the…
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There has been a lot of discussion about how difficult it is to get a home mortgage in this market. There is no doubt that the process is not as easy as it was eight to ten years ago and that’s probably good news. However, it does appear that availability to mortgage money is increasing with each passing day.
The Mortgage Bankers’ Association publishes the Mortgage Credit Availability Index (MCAI). According to their site the index is “a summary measure which indicates the availability of mortgage credit at a point in time”. As we can see from the graph below, mortgage availability has been increasing dramatically over the last six months.
Accompanying the latest index was this comment from Mike Fratantoni, MBA’s Chief Economist:
“A number of factors contributed to a loosening of credit in March: Freddie Mac’s introduction of their 97 LTV program (Fannie Mae’s was implemented in…
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