Posts with tag 'Finance'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2024 | 10 Posts
- 2023 | 48 Posts
- 2022 | 48 Posts
- 2021 | 48 Posts
- 2020 | 49 Posts
- 2019 | 46 Posts
- 2018 | 52 Posts
- 2017 | 110 Posts
- 2016 | 78 Posts
- 2015 | 7 Posts
31
Financing a Home: What You Need to Know in 2022
Our REALTORS® have been getting many questions about what to expect from the housing market in the coming year. No matter whether you're interested in Mansfield or Ashland homes for sale, there are plenty of opportunities.
The big question on everyone's mind is how financing will change in 2022.
Over the last year, many places in the country have seen home prices skyrocket. Homeowners have had the chance to attract abundant attention, with many homes receiving competitive bids from multiple buyers at once. As a result, quite a few homes have sold for well over asking price.
13
What Buyers Need to Know About Closing Costs
Buying a home is one of the most significant purchases most people will ever make. And, just like when you go shopping at the store, the sticker price is not the home's total price. This can come as a shock to many first-time home sellers and first-time homebuyers alike, which is why our REALTORS® want you to know everything about closing costs and how they affect the final price you pay for your new dream home.
- Fees and Commissions
You will also need to factor in real estate agent fees and commissions. These can be around 6%, but they vary depending on the agent. The seller is the party that typically pays the agent fees and commissions. The seller also pays for title insurance and any pro-rated property taxes on the property. It is also the seller's responsibility to pay any HOA fees, attorney fees, and escrow money owed to the buyer. To help ink the deal, some contracts allow the seller and buyer to split, or have the buyer pay 100 percent of, the owner's title fees on cash deals.
8
Buyers: What You Need to Know about VA Loans
Our REALTORS® know that no matter what your homebuying goals are, the process of getting a loan can seem intimidating. Whether you're looking at Mansfield or Ashland homes for sale, the question of financing looms large for most buyers.
If you're a U.S. military veteran, the Veterans Administration loan program may be a good fit for you.
Known popularly as the "VA home loan," it's one of the biggest benefits offered to America's veterans. It grants a wide range of perks compared to conventional loans, including no down payment and attractive rates. There are many other advantages that you might qualify for.
20
Improving Your Credit Score May Be Easier Than You Think
Before looking at Mansfield or Ashland homes for sale, many would-be buyers take time to improve their credit scores. As a general rule, the better your credit is, the easier it is to access home loans on favorable terms. That usually means better interest rates and saving thousands over a mortgage's life.
Our REALTORS® have helped many clients understand how to tackle this process. We have spoken to many people who have put off their plans to buy a home due to their low credit score, even when they have substantial current income.
Luckily, you can improve your credit score in 2021 no matter where you start from!
28
Should You Consider Making an Early Offer?
You've been browsing Mansfield and Ashland homes for sale for quite some time now and have finally found something perfect for you and your family's needs. You're ready to take the plunge and put in an offer on the house. But how long should you wait ?There's really no conventional answer to that question. But in a seller's market, when inventory is low and demand is high, you may have to go above and beyond to make sure you submit an early offer and that it stands out from the competition. Here's what you should know about making early offers along with strategies for making a winning one.
Potential Problems with Early Offers
Making an offer isn't as simple as knocking on the door and informing the seller you'll take the house. Your intentions trigger the start of an intricate process between you and the seller. Don't expect the seller to accept your offer just because it came in first. Sellers usually think they've priced their home too low when an offer comes in fast. So, they want the house to have the longest exposure possible on the open market and get bids from a large number of buyers. An early offer would need to be mighty attractive for the seller to accept it instead of waiting too long for better offers.