Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Costs In Purchasing A House
When First Time Buyers are preparing to purchase a home they usually only focused on the funds needed for the down payment, and are surprised to find out there are other funds required to purchase a property. These other Costs In Purchasing A House can some times cause especially First Time Buyers to become discouraged and postpone their home buying search. Therefore, it is important to discuss all funds required to purchase a property as early in the process as possible to avoid surprises later on.
The most common costs First Time Homebuyers do not think about are Closing Costs. Closing Costs not only come as a surprise to First Time Homebuyers, but the total amount of the Closing Costs can be a major shock. Yes, there are ways to cover Closing Costs without the Borrower(s) using their own funds, such as Seller Paid Closing Costs, and Down Payment & Closing Cost Assistant Programs (DAP), but the shock of hearing about these costs for the first time can really be sobering.
I am always prepared for this initial shock, and I know I have to take the time to fully explain these unexpected costs. When Closing Costs are explained correctly, and Borrowers understand them, and the initial shock normally ... more
Are you on The Rain? Grow Your Network!