Who pays which closing cost varies in all localities and is open for negotiation between the buyer and seller. It is possible to have a sales agreement in which either the buyer or seller pays all the closing costs. Or, to lower your costs, you may have the seller agree to pay just certain fees
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12/29/2007
Loan Application-If you are not pre-approved, you will need to fill out the paperwork required by your lender to begin the loan application process within a certain period of days, as written in the purchase agreement. This begins the chain of events that goes from application to credit report t
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12/29/2007
We strongly advise all the buyers we work with to obtain a Whole House Inspection and Pest Inspection. This will familiarize you with the property. Cottage or castle, old or new, you should have a home inspection. The bank, prior to closing may require other inspections such as a well/septic i
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12/29/2007
At the time a written offer on a property is initiated, you will be required to include a personal check, cashier's check or cash. The amount is usually for 1% of the purchase price that is written to show that the buyer is "in earnest" about the desire to purchase the property. This money, UPO
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12/29/2007
Once we find the house that you really like, the initial step will be to make an offer to purchase the home in which we will formalize this offer in the form of a contract or purchase agreement. We will cover such points as purchase price, closing dates, financing terms, inspections, etc. This
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12/29/2007
Once we begin viewing homes remember that as you approach these homes, take notice of the condition of the roof, foundation, paint and landscaping. Observe the neighborhood, and the condition of other homes on that street. Ask yourself pertinent questions that are important to you such as: Is
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12/29/2007
Benefits of Buying...Owning a home can bring financial rewards as well as a personal satisfaction that comes with knowing that you have a piece of the American dream. The financial benefits of homeownership range from the tax breaks that the owner can enjoy by writing off interest to the possibl
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12/29/2007
The Lafayette MLS shows that 9 listings expired in the 24 hours, while 11 new properties came on. This shows me that nearly 50% of properties are expiring from the market and I speculate that homes are starting at too high of listing prices and need come down a bit. I will continue to monitor t
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12/29/2007
The greatest measure of your performance is whether or not your buyer would use you again or recommend you to others. If you're able to deliver ultimate customer value, your happy clients will tell everyone they know what great care you took of them - and that means more business for you. Accordi
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12/29/2007
Real Estate activity has started to pick up again after Christmas! This has been a busy week and we are hopeful for a turn around in the real estate industry this year. Real estate sales on residential properties were comparable with those in 2007 with an average sales price under those in 2007
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12/29/2007
