Did you know that over 20% of all the first-time Buyers get some sort of financial help from their parents or other relatives? Often these relatives are asked to contribute to the downpayment of the home being purchased. Many times emotions get in the way of a good financial sense.
Talk to your lender as they can help you explore your options. Be sure to attend a meeting with a financial consultant with someone who is going to help you buy your next home.
If you are getting help from a relative or friend please seek the advice of an accountant before having any check written out. A financial consultant can discuss ways to structure the check as a gift or a loan plus go over tax tips.
*Be sure you know whether your contribution receieved is a gift or a loan to avoid any misunderstandings later down the road.
Ask for my Free First-Time Home Buyers Report which will benefit you as a first-timer. The Free Report will go over things that will be most important to you as well as give you a run down checklist of what to expect when buying a Delaware home.
The CIS, Consumer Information Statement will also be issued during the first contact by a Delaware Real Estate Agent. This Disclosure is required by law and more explaination will be given by Realtor Tom Davis when you choose to work with him as your Real Estate professional.
For More Information Obtain Your FREE REPORT and FREE LISTINGS on any Home or Price You want!
Visit: www.FreeHomeSearch.DreamStation.com
Enjoy,
From Realtor Tom Davis at Harrington ERA Realty
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