advice for buyers: Cash or Credit? Can you Buy A Home Without a Down Payment?
- 01/28/17 07:20 AM
Will that Be Cash or Credit? Can you Buy A Home Without a Down Payment? Coming up with a down payment for a home can be the most difficult part of the buying process. With most lenders requiring 20% of the purchase price it may take some folks years to save that much cash. So is there a way to buy a home when you are short of the 20% mark? There are a few ways and one is the 80/20 loan. The 80/20 loan is one mortgage on 80% of the purchase price and where you take out a separate loan … (0 comments)
advice for buyers: Danger Ahead!!! How to Recognize Risk Factors in A Home When Buying
- 01/28/17 07:05 AM
Danger Ahead!!! How to Recognize Risk Factors in A Home When Buying It is easy to focus on the major wish-list items when buying a home such as number of bedrooms, bathrooms and location. The harder things to look for are the potential dangers a home may present and how that will effect insurance costs or damage to you or the home. What to consider for Home Insurance Risks: The rate and even acceptance of your homeowner’s policy will be based on the potential risks the home presents. Some of these risk factors include but are not limited to swimming pools, trampolines, … (0 comments)
There are so many things that go along with home ownership that may not be EXPECTED by those that are first timers. Once your offer has been accepted by the seller(s) then there are inspections, appraisals, attorneys or settlement companies, insurance, movers, packing, walkthroughs just to mention a few. It is important to discuss with your State Wide Realty agent the next steps as this agent is your middle ground for all of the others. Ask for their recommendations for lenders, lawyers, etc. and they should be able to provide you … (0 comments)
Tips to Buy Rural Land Whether you're wanting to escape the city or find the perfect retirement spot – the rural land around Farmville, VA can have an appeal as being peaceful and reasonably priced. However, for the average person buying land can be a confusing process with many hidden expenses. So here's how to get your dream spot but avoid some of the pitfalls of buying rural land in South Central VA. Buying Rural Land: Benefits -Privacy -More Open Space -Lower cost per acre -Cleaner Air -Scenic and Peaceful -Low crime rate Drawbacks -Lack of Convenience...land in South Central VA can be an hour away from the nearest city. -Longer commute to … (6 comments)
advice for buyers: So, You've Got A Loan Approval.....Now Let's Keep It!
- 01/17/11 02:17 AM
Getting through the Mortgage Process....APPROVED!! You've found the perfect home, you've made an offer, and you've completed your loan paperwork….you're almost there! Just don't drop the ball now – follow these rules to ensure a touchdown for your entire family!! You know your credit has been alright to this point, but now let's talk about keeping it that way throughout the mortgage process.
1. Don't apply for new credit of any form: And when I say any—I mean ANY!! Most, banks pull your credit just before closing and every credit inquiry pulls your credit score down or you … (10 comments)
advice for buyers: Don't Sabotage Your Offer Before It's Even Written!
- 01/12/11 11:40 PM
Home Buyers Real Estate Etiquette: Dos & Don'ts Think back to the first house you ever looked at. Now let me ask, were you comfortable or were you constantly wondering about how to act in a stranger's home? In a new environment, we all study others to see how they interact, but most often there are not any other buyers around when you view property. Does it really matter, you ask? Well , imagine you're selling your home and someone gives you a lower offer than you want – now imagine that offer comes from someone that let their child spill … (45 comments)
advice for buyers: Piles of Paperwork Hiding the Closing Costs
- 12/27/10 01:24 AM
Piles of Paperwork Hiding the Closing Costs One of the main complaints of buyers is the mountains of paperwork required by lenders....they could easily get writers cramp just filling in forms before they ever get to the closing table. So it's easy to understand why they walk away from the lenders office feeling a little dazed and confused. Once such buyer recently emailed me after leaving his lender with the question, Can you tell what how much the closing costs will be? As a real estate agent this is one of those questions that we're not suppose to answer....we're not suppose … (10 comments)
Will that Be Cash or Credit? Can you Buy A Home Without a Down Payment?
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