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5 Ways to Help First-Time Homebuyers

McKissock

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

It’s also important to understand the legal requirements of owning real estate—lead paint inspections, rental registration, accounting, receipts for payments, written leases, liability insurance, renter’s insurance, tenant screening including criminal and credit checks, fair housing laws, and much much more. Never sell real estate.

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10 Simple Steps to Purchase a Home in 2020

PennyMac

The Location: How close is the home to your job, schools, shopping, public transportation, and other important places you will need to visit frequently? Step 7: Schedule a Home Inspection (and Other Tests). The first thing that most homebuyers do is to schedule a home inspection. Are they updated and well maintained?

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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. The agency will use the data from the inspection to plan for flooding emergencies.

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

This can lead to an increase in commute time and/or more money you'll need to shell out for public transportation. Some homes pass inspection with flying colors, and the loan goes through immediately. For others, the home inspection leads to unforeseen problems and can cause your lender to back out of the deal.

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When Should You Downsize Your Home?

Assurance Financial

While city living tends to be more pricey than living in the suburbs, many save on transportation, utilities and maintenance costs in smaller city quarters. Some buyers may even waive inspections and offer more than the asking price. The bustle of city life and the cultural diversity can make every day an adventure.