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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Here’s how you can explain it to your buyers: 1.

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Ask Brian: Can I Buy a House Without a Real Estate Agent?

Realty Biz

But even before closing, you’ll need to pay for a professional inspection out of your pocket. Somewhere in the mix, you may need some advice on finding a mortgage broker that specializes in something that will help you, such as a VA loan. Help to navigate the professional home inspection report.

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Don’t Fix These 7 Things When Selling Your House

HomeLight

In many cases, Bean will advise sellers to wait for the home inspection report and the buyer’s requests. That way, you don’t “waste” money on cosmetic changes that may be needed to fix issues discovered by an inspection. However, you might want to fix something that opens up your home to different loan types. “If

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

Even a brand-new home is often in need of at least one minor repair before closing! If you must acquire an FHA or VA loan for the short sale, be aware that the property must meet certain livability standards. For an FHA loan, there are minimum property standards.

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A Buyer’s Guide: What Is a Manufactured Home, and Should I Buy One?

HomeLight

Buying new or used When it comes to site-built homes, whether the home is brand new or previously owned rarely matters except when it comes to repairs and inspections. If you plan to purchase a brand-new manufactured home, you will likely have no problem securing financing and bundling the home loan with a lot loan.

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Selling a House ‘As Is’ in Texas

HomeLight

Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. I do not recommend to anyone to get a pre-listing inspection because every inspection is going to be different,” says Martin. “So

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Selling a House ‘As Is’ in Florida

HomeLight

Frequently, the inspection serves as the buyers’ safety net. “If If the inspection shows some damage that nobody was aware of,” Tom explains, “it usually results in renegotiation of the deal — either the price or the repair gets fixed.”. Buyers still have the responsibility to have the property inspected.

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