Remove Closing costs Remove FHA loan Remove Inspection contingency Remove Marketing
article thumbnail

Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Double check the details of your closing costs estimate.

article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. Don’t forget to budget for closing costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Keep in mind that this doesn’t include the funds you will need for closing costs.

article thumbnail

From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Average time decreased from earlier in the year, when the market was extremely hot. In January 2021, the average time to close was 58 days.

Closing 81
article thumbnail

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

HomeLight

In other words, there won’t be any surprises at the closing table — you’ll know exactly what you’re paying and to whom. Don’t forget about closing costs. Some of these costs are the seller’s responsibility, and some will be yours. A Federal Housing Administration loan is backed by the federal government.

article thumbnail

Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home.

article thumbnail

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

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5%