When it comes to buying a house, cash offers can be an attractive option for both buyers and sellers. A cash offer is when the buyer pays for the property in full, using cash or a cash equivalent, such as a cashier’s check. One of the biggest advantages of making a cash offer is that… Continue reading What is Cash Offer ?
Author: januka
Buying a house As-Is
When a house is sold “as-is,” it means that the seller is selling the property in its current condition and will not make any repairs or improvements before the sale. The buyer is purchasing the property with full knowledge of any defects or issues that may exist, and will be responsible for making any repairs… Continue reading Buying a house As-Is
How much downpayment do you need to buy the house
The amount of down payment required to buy a house can vary depending on the type of loan you are using, your credit score, and the price of the home. Conventional Loans Conventional loans, which are not backed by the government, typically require a minimum down payment of 5% to 20% of the purchase price.… Continue reading How much downpayment do you need to buy the house
Cost seller pays when selling the house
When selling a house, a seller can expect to pay a variety of costs, including: It’s important to note that the cost and regulations can vary from state to state, so it’s best to consult with professionals such as real estate agent, lawyer and accountant to be aware of the exact cost and regulations that… Continue reading Cost seller pays when selling the house
Flipping a house
Flipping a house can be a great way to make a profit, but it’s important to do your research and plan ahead to ensure a successful flip. In this article, we will discuss the key steps to flipping a house and making a profit, including researching the market, creating a budget and timeline, renovating the… Continue reading Flipping a house
Navigating the Home Buying Process: Understanding Contingencies
Financing Contingency A financing contingency is a condition in which the sale of the home is contingent upon the buyer obtaining financing. This means that if the buyer is unable to secure a mortgage, they have the option to back out of the sale without penalty. A financing contingency typically includes a deadline by which… Continue reading Navigating the Home Buying Process: Understanding Contingencies
Navigating the Home Buying Process: Understanding EMD, Contingency Deadlines, and Closing Disclosure
Earnest Money Deposit (EMD) An Earnest Money Deposit (EMD), also known as a “good faith deposit,” is a deposit made by the buyer to show that they are serious about purchasing the home. The EMD is typically held in escrow by a third-party and will be applied towards the purchase price of the home if… Continue reading Navigating the Home Buying Process: Understanding EMD, Contingency Deadlines, and Closing Disclosure
Home Warranty for First-Time Homebuyers: Understanding the Benefits
What is a Home Warranty? A home warranty is a type of insurance that covers the cost of repairs or replacements for certain appliances and systems in your home, such as your HVAC system, plumbing, and electrical systems. It’s important to note that a home warranty is not the same as homeowners insurance, which covers… Continue reading Home Warranty for First-Time Homebuyers: Understanding the Benefits
Preparing for a Move: Things to Do Before Moving to a New House
Create a Moving Plan Making a list of everything you need to do before moving day is a great place to start. This includes tasks like packing, cleaning, and disconnecting utilities. Break the tasks down into smaller, manageable chunks and assign deadlines to each one. Having a plan will help ensure that you don’t forget… Continue reading Preparing for a Move: Things to Do Before Moving to a New House
Types of Homes to Buy: Pros and Cons
Single-Family Homes Single-family homes are stand-alone houses that are not attached to any other property. These homes typically have a yard and offer more privacy than other types of homes. Pros of buying a single-family home include more space, privacy, and potential for customization. Cons include higher maintenance costs and property taxes. Condos Condos, or… Continue reading Types of Homes to Buy: Pros and Cons