closing: Why People Are Afaird To Buy Your Home (FSBO's)
- 08/28/07 02:26 AM
Attention: For Sale By Owners! Why People Are Afraid To Buy From You! Many homeowners believe to maximize their home sale they should sell it themselves. At first glance, they feel selling a home is simple. Why should they pay a broker fee for something they could do themselves? In fact, 12% of all the homes sold last year were sold For Sale By Owner (FSBO). However, close to half of the FSBO's said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why? Many FSBO's told us the … (12 comments)
closing: Buying or Selling: Transferring Your Utilities
- 08/28/07 02:21 AM
Transferring utilities is something ost people forget when all of the other aspects of moving and buying a house are at the front of their minds. You will want to schedule these utility moves for the day of closing. Both water and electric need to get a final meter reading. Usually there is an exterior water reader, H20 Water sent via radio waves, but Duke Energy usually needs to get into the house in the Hyde Park areas, in the older homes. They will tell you on the phone if this is the case, and we will need to arrange to have … (0 comments)
closing: What is Title Insurance and Why do I need it?
- 03/21/07 03:22 AM
This is a question that often occurs during the time leading up to the closing, or while sitting in the closing room, signing your life away. As and ABR, I work hard to educate my clients to the importance of protecting your own investment, while the bank REQUIRES you to pay to protect their investment. I recommend buying title insurance to protect the money you have in the house the day you buy it, or your down payment, and to protect the equity you gain as you live and improve your homes over the years. If something was found incorrect … (1 comments)
closing: Buyer and Seller Closing Costs and the HUD-1 Explained
- 03/11/07 08:27 AM
The HUD Statement Whether I am working with a first time buyer or seller, I am always asked 'What are typical closing costs for selling or buying a home?' For buyers, a great deal depends on your down payment, and the day of the month you close the loan. There are less pre-paid costs towards the end of the month. With taxes, depending on the month of the year, you may be asked to escrow very little money for taxes, or up to 8 months. For the seller, the costs are more predictable, except if you have agreed to … (2 comments)
Attention: For Sale By Owners! Why People Are Afraid To Buy From You!
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