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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Drew May , a leading real estate agent in Augusta, Georgia, where Fort Gordon is located, says there is “no better financing” than a VA loan for military buyers.

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Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

HomeLight

Construction details (type of foundation, type of materials used). FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Learn how different loan requirements can impact an appraisal. Hazards, such as FEMA flood zones. The neighborhood.

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How Much Your Inspection Will Cost, And What It Will Tell You

HomeLight

What is a home inspection? When you make an offer on a home, your agent will probably advise you to include an inspection contingency. Specialized inspections will add to the overall cost. Even a new construction home could have issues if the contractor cuts corners. You need them to tell you what you don’t know.”.

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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits. Find the FHA loan limit for homes in the county you are looking to purchase here.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

For example, in Alachua County, FL, the maximum loan amount is $420,680 for a single-family home, while in Monroe County, FL the loan limit is $710,700. Find the FHA loan limit for homes in the county you are looking to purchase in here. VA loans : For veterans, service members, and surviving spouses.

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Selling a House ‘As Is’ in California

HomeLight

Rooms or construction completed without a permit or non-compliant with building codes. Often, that means advocating for the removal of inspection contingencies. “In When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

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