The Collaborative Knowledge Article and Video Project about Buying and Selling a Home. With your writings, edits and uploads we can help people successfully complete what is probably the largest transaction in their lives, and avoid making costly mistakes. Both agents and consumers, we need your help to build this free resource.
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Articles with tag "buying"
When the time comes to close, you will be given a stack of paperwork which shows the line by line of every fee you encounter during your real estate purchase. Remember, these costs are in addition to your minus escrow money and down payment. And be forewarned, these costs will ad up to 3 to 5% of your total purchase.
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The true moment of closing is when you become the final, legal owner of your new home. How the closing is handled depends on the region you live in and local customs. It may sound simple to simply pass the deed from seller to buyer, but the process is much more complicated in reality.
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No matter how much foresight you have, there is almost always a moment, after you have moved into your new house, where you realize something you had never noticed before. It might be a plug that does not work or it might be that you need to replace the pipes in the guest bathroom because for some reason, no matter what you try, the sink still fills up with water.
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The perfect home, the one that you imagine in your mind, is a great image. However, it is an image that is not all that simple to create.
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So you have found out how much you can afford and how much you will have to pay back. Now it is time to find out where to spend your loan.
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Do you enjoy maintaining your home, as well as paying the mortgage and property taxes?
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Escrow is not a word most people see and use every day. It's a rather complicated term, because it can be used to mean several different things.
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Finding Home Listings
Not too long ago, the only way to find homes for sale was through real estate agents and the Multiple Listing Service (MLS).
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Finding your Maximum House Price
When deciding to buy a home, your first mission should be to consult a lender and find out the maximum loan you can get. This loan will establish the ceiling on real estate prices for the buyer. There are plenty of calculators that can help figure this out.
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How to Buy Your First Home…the Easy Way!
Avoid the 10 Most Common, Painful, Frustrating
Mistakes First Time Home Buyers Make
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Here are seven simple reasons why this is the best time to buy a new home in several decades.
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