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Understanding Closing Costs: Who Usually Pay

CT Homes

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. What are Closing Costs? Does the Buyer or Seller Pay Closing Costs?

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How to Avoid the Most Common Buying/Selling Mistakes

Windemere Selling

Look to your real estate agent for advice and keep the following guidelines in mind. Alert the credit bureaus if you see any mistakes, fix any problems you discover, and don’t apply for any new credit until after your home loan closes. Pre-approval lets sellers know you’re serious. Put it in writing.

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Buying Your First House: Tips For Buyers

RIS Media

Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. The costs don’t end once you’ve bought the home; you still need to pay to move in. There are many fees to pay when buying a home.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

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A Guide to Understanding Escrow

Windemere Buying

The process of buying a home is made up of several stages. After preliminary stages like getting pre-approved , searching for homes, and finding a buyer’s agent , various contracts and buyer-seller agreements will enter the fold as the purchase of a home is finalized. Your first step is to open an escrow account.

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What Happens After Making an Offer on a House?

Windemere Buying

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. However, celebrating at this stage in the buying process could leave you heartbroken if your offer isn’t accepted. You’ll also pay closing costs at this time.

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The Ultimate Guide to Buying a House in Michigan

Redfin

Get pre-approved from a lender Getting pre-approved from a lender is an essential first step when starting the homebuying journey. By seeking pre-approval, you gain a clear understanding of your budget and financial limitations, which allows you to search for homes within your price range.