Buying a home does not have to be overly complicated nor rocket science. Every current home owner have already done it, and pretty much followed a similar game plan. Be realistic about your perfect home. A new condominium or a Read more…
PITI is principal, interest, taxes, and insurance. Principal is the amount you borrow and you repay to the lender on a monthly schedule. Interest is the percentage that the lender is charging for your loan and you repay to the Read more…
BUYER’S BROKER IS PAID BY COMMISSIONS FEE INDICATED ON LISTING AGREEMENT Technically, the buyer does not pay the buyer broker. The buyer broker is paid by the commission split that was entered into the listing agreement by the seller. If Read more…
FSBO listings are created directly by Flushing home owners that are not working with a listing broker. These home owners may not necessarily pay out a commission at the closing. As a result, a home buyer rebate may not be Read more…
When you buy into a new construction, it is recommended to verify the reputations of the builders and developers. Some builders go above and beyond in terms of delivering a very high quality product and have completed many projects; their Read more…
When a house is a fixer upper, people start thinking complete tear down and rebuilding from the ground up to resell at a profit. Unless you are already a contractor or in the contracting business, it is not recommended to Read more…
Model homes are often shown to potential buyers for condos and homes that have not yet been completed. Once completed, the condos and homes are generally delivered without the full furnishings and same appliances as the model homes. When viewing Read more…
After you signed the purchase contract, now is the time to get your mortgage or complete the pre-approved mortgage. The purchase contract will generally include a contingency rider that gives you time to get a mortgage loan. In addition to Read more…
When you buy a home, the money that goes toward a mortgage is building equity in the long run. With a good chance for real estate property to appreciate, the home value may be worth more than the money you Read more…
The Federal Housing Administration (FHA) provides insurances to lenders who offer mortgages to borrowers making low down payments of 3.5% of the sale price. Features of FHA loans: Low down payment with a minimum 3.5% of the sale price Easier Read more…