Buyer’s Resources
Overview of the Buying & Selling Process |
|
|
||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||
![]() |
![]() |
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
Back to the Top |
Benefits of Home Ownership |
|
Credit:
Owning a home helps you establish financial credibility. Independence: Owning your own home provides you with independence and more privacy Investment: As you make more payments and own more of your home, you add to Pride: A home reflects its owner’s values and lifestyle. Owning a home can provide Security: A home can provide security against inflation because the value of your Stability: Being established in a community provides a sense of belonging, stability Tax Advantages: Interest on your mortgage loan is deductible on your yearly personal |
|
Back to the Top |
Finding the Right Home |
Real Estate Agents
You can sit down with a real estate agent and discuss your needs, type Newspaper Ads/Internet Many people go through the real estate classified section or browse the Multiple Listing Service Your real estate agent should have access to the multiple listing service
When Previewing A Home
Have Fun Relax. Finding your new home can be a rewarding experience. Have a good |
Home Shopping Tips |
|
Check For Properly Working Appliances/Fixtures: | |
|
|
Ensure House Is Well-Built & Systems Are In Working Condition: | |
|
|
Home Inspections |
What is an inspection?
There are numerous types of inspections. An inspection is meant to evaluate, Home Inspectors vs. Engineers Home Inspector: A person who examines any component of a building, through Engineering: Analysis or design work requiring extensive preparation Finding a qualified Inspector
Ask if she/he is a member of the American Society of Home Inspectors What the inspection, at minimum, includes Every inspection should include, but not be limited to, an evaluation
|
Answers to Frequently Asked Questions |
What is the difference between “pre-qualified” and “pre-approved”?
If you are “pre-qualified” you have determined, with a loan What are closing costs? Closing costs are an accumulation of charges paid to different entities What is a point? One point is equal to 1% of the new loan amount. Whenever government What is earnest money? When you make an offer, you will need to put up an earnest money deposit What is title insurance? Title insurance protects the named insured against loss because of defects, Is VA or FHA financing unfair to sellers? FHA and VA loans provide purchasers the opportunity to buy homes with |