Marco Santarelli

DECEMBER 22, 2024

Always compare the total costs, including closing costs and any potential fees. Confirm that the savings exceed these costs. Refinancing rates refer specifically to loans designed to replace existing mortgages. How much does a mortgage refinance cost? Not exactly. How much equity do you need to refinance?

Mortgages

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. Save for closing costs Closing costs are fees and expenses you’ll pay when finalizing the home purchase.

Purchase and sale agreement

Redfin

FEBRUARY 24, 2025

Whether you prefer the ease of a move-in-ready home or the idea of designing a space from scratch, understanding the costs and benefits of both options will guide you toward the best decision. When weighing the costs of building versus buying a home, it’s important to consider the factors that influence pricing.

Debt-to-income ratio

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. Performing unauthorized inspections or repairs.

Earnest money deposit

Marco Santarelli

AUGUST 5, 2025

Consider All Costs: Don't just focus on the purchase price. Factor in closing costs, potential repairs, property taxes, and insurance when determining your budget. Don't waive inspections!: Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Marketing

Redfin

JULY 31, 2025

Skipping the home inspection or even small oversights can delay the closing date or have long-term consequences. Additionally, set aside extra savings for closing costs, moving expenses, and any home updates or repairs you may need right away. Compare interest rates, closing costs, and loan terms carefully.

VA loan

Redfin

JULY 30, 2025

This also includes setting aside funds for closing costs, unexpected repairs, and moving expenses. Inspect the property and evaluate the neighborhood When you find a house that you love, don’t get over-eager and make an immediate offer. A heartfelt, professional letter can help you forge an emotional connection with the seller.

Earnest money deposit

Redfin

JULY 30, 2025

You’re buying in a designated redevelopment area, where certain programs have less strict rules. Closing costs: Typically 2-5% of the home’s purchase price. It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few. What are the closing costs?

Pre-approval

HomeLight

MAY 15, 2025

They must also give a copy of any lead inspection report, risk assessment report, Letter of Compliance, or Letter of Interim Control. This can extend to dual agency, designated agency, and more, and in states like New York, this is mandatory. The major disclosure required is regarding agency. It depends on the property.

As-is

The Close

MARCH 11, 2025

Rehab loans: Specifically designed to finance both the purchase and renovation of under-maintained properties. FHA 203(k) loans: Designed for homeowners to facilitate the acquisition and subsequent refurbishment of a property necessitating improvements. Each state has its own laws on the contingency period.

Sales

Redfin

JANUARY 28, 2025

VA loans VA loans are specifically designed for eligible veterans, active-duty service members, and certain surviving spouses. Fewer closing costs: Assuming a loan typically involves lower closing costs compared to obtaining a new mortgage. Youll want to know if there are any major repairs or updates needed.

Loans

Redfin

JULY 16, 2025

Benefits of a spec home Move-in ready: Spec homes are typically already built or close to being finished, so you’ll be able to move in right away. Pre-designed: Perfect for indecisive folks, the finishes, layouts, and other touches of a spec home are already picked out for you. Close on the home and begin moving in.

Pre-approval

Marco Santarelli

AUGUST 1, 2025

Consider All Costs: Don't just focus on the purchase price. Factor in closing costs, potential repairs, property taxes, and insurance when determining your budget. Don't waive inspections!: Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Marketing

Marco Santarelli

JULY 25, 2025

Consider All Costs: Don't just focus on the purchase price. Factor in closing costs, potential repairs, property taxes, and insurance when determining your budget. Don't waive inspections!: Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Marketing

AAOA

MARCH 24, 2025

After finding the right property, conduct a thorough inspection and review its financials to ensure it meets your criteria. They may face functional issues, have outdated designs, or require maintenance and renovations. After your offer is accepted, youll begin the closing process.

Property Management

Marco Santarelli

MAY 12, 2025

The days of having to make an offer in 5 minutes with no inspections are hopefully behind us in most areas. Potential for Negotiation: With sellers not holding all the cards, there might be more room to negotiate on price, repairs, or closing costs. Increased inventory means you can be a bit more selective.

Marketing

HomeLight

MARCH 7, 2025

These companies can help sellers cash out quickly, and many will cover a sellers closing costs. 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.

As-is

Marco Santarelli

APRIL 27, 2025

It's clean, simple, and almost guaranteed to close (barring inspection issues). Lower Entry Costs: You save on loan origination fees, appraisal fees required by lenders, and other financing-related closing costs. Make your offer contingent on a satisfactory inspection. The cash offer? Sellers love certainty.

Finance

Marco Santarelli

AUGUST 2, 2025

Consider All Costs: Don't just focus on the purchase price. Factor in closing costs, potential repairs, property taxes, and insurance when determining your budget. Don't waive inspections!: Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Marketing

The Close

APRIL 3, 2025

This also allows it to close in as little as seven days. However, Kiavi has the highest credit score requirement of 680, and uses a draw process that requires an inspection to release funds periodically. The interest rates are closely tied to mortgage rates, which are typically lower than hard money loans.

Loans

Redfin

JUNE 17, 2025

Modern design With newer homes come up-to-date designs like open floor plans, en suite bathrooms, and larger kitchens and closets. Builder incentives If you’re looking to build your home, there are often money-saving incentives such as help with closing costs and interest-rate buy-downs.

Renovation

Marco Santarelli

JUNE 15, 2025

Factor in potential rehab costs, closing costs, property taxes, insurance, potential vacancy rates, maintenance budgets, and property management fees. Some cities have rental registration requirements or inspection programs. Understand your financing options and costs. Use realistic rental income estimates.

Investor

Redfin

JULY 3, 2025

Renting a home before buying can be a practical option if you need time to adjust to a single income, rebuild your credit , or save for a down payment and closing costs. Closing costs : These usually add 2%–5% of the home’s price and cover fees for appraisals, inspections, and lender charges. Should you rent first?

Debt-to-income ratio

The Close

JULY 1, 2025

Some brokers do charge for this service, however, and you’ll usually see it reflected in the form of high rates and closing costs. They’re designed to expand homeownership by allowing for increased flexibility for certain qualification requirements, while still maintaining a good level of affordability with competitive rates and terms.

FHA loan

Redfin

JULY 30, 2025

Closing costs: Budget around 2%–5% of the home’s price for additional fees and services. Read>> How to Buy a House in 2025: The Ultimate Step-by-Step Guide Mortgage options for young homebuyers If you’re a young buyer ready to take the leap, there are several mortgage options designed to make it easier to get started.

FHA loan

Redfin

AUGUST 19, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the fees and expenses associated with finalizing a real estate transaction and transferring ownership of a property from the seller to the buyer.

Closing costs

Redfin

AUGUST 16, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in Massachusetts? Before securing the keys to your new home, homebuyers will need to pay for closing costs.

Closing costs

Redfin

AUGUST 5, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in South Carolina? Closing costs in South Carolina typically range from 2%-5% of the home’s purchase price.

Closing costs

Redfin

JULY 11, 2024

But before you dive too deep into furniture shopping, picking out new paint colors for your living room, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the taxes and fees associated with the purchase and sale of a home, such as title insurance and lender fees.

Closing costs

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Home inspection checklist for buyers 54. What is the best way to prepare for an inspection?

Closing costs

RIS Media

FEBRUARY 18, 2021

They’ve probably considered a down payment, mortgage payments, closing costs, taxes and insurance. Lawn sprinkler systems can be convenient but will require expenses for system inspections, winterization, replacement of sprinkler heads and lines as needed, plus water utility costs. Repair or Replacement Costs.

Pre-approval

HomeLight

SEPTEMBER 8, 2020

They fell in love with a home and rushed into buying, heedless of whether it was outside of their price range or maybe ignoring issues found during the inspection. There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more.

Inspection

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. Step 6: Order the inspection and any follow-ups.

Closing

HomeLight

MARCH 2, 2021

Protect you from overpaying by writing in contingencies for the inspection and appraisal. Request credits and concessions to cover needed repairs based on the inspection findings. Options like the FHA (Federal Housing Administration) 203(k) loan and Fannie Mae HomeStyle Renovation program are designed to do exactly that.

Inspection

Realty Biz

FEBRUARY 28, 2023

HUD also ensures that HUD home buyers adhere to inspection and other qualification requirements, making HUD properties a safer investment for buyers. HUD homes are designed for owner-occupant buyers, and real estate investors hoping to purchase one of these properties must meet HUD's eligibility requirements.

FHA loan

HomeLight

MAY 19, 2022

If the home is part of a designated historic district. The disclosure form closes by asking the seller if there are any other material defects, including latent defects, affecting the physical condition of the property. These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

As-is

HomeLight

JULY 30, 2021

Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment. For example, monthly rent on the house is $2,000, and the buyer agrees to pay an additional $300 a month, which will go toward closing costs on the purchase.”. And getting a mortgage?

Purchase and sale agreement