Remove Construction Remove Inspection contingency Remove Marketing Remove VA loan
article thumbnail

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.

article thumbnail

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. Rising market, when turnover is too fast for comparable properties to keep pace. Hazards, such as FEMA flood zones. The neighborhood.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. As Orr puts it, “sometimes you want an inspection just to simply have a checklist of improvements to make on the home down the road.”. How much does a home inspection cost?

article thumbnail

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

HomeLight

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” 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.

Closing 87
article thumbnail

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. Maria Raymer.

article thumbnail

Selling a House ‘As Is’ in California

HomeLight

Average days on market for California. They’ve not necessarily grown out of the home,” says Hernandez, who has 16 years of experience in the market, “but, they don’t have the resources to keep up with it.” Rooms or construction completed without a permit or non-compliant with building codes. Request Cash Offer. Disclosures.

As-is 97