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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?

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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Proof of any other income like real estate, child support or alimony, disability, social security, retirement, VA benefits, gratuities/tips, and commissions. Source: (LinkedIn Sales Solutions / Unsplash). 42 steps to buying a house.

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

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Let’s jump in! Property taxes.

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How Much Are Closing Costs in Massachusetts? (And 5 Ways to Reduce Them)

HomeLight

Your closing costs may differ depending on your circumstances and the terms of your home purchase. of the purchase price, and 1% for sellers, not including real estate agent commissions. Down payments vary by lender , borrower, and loan and can be as little as 0% (VA loans) or as much as 10% (jumbo loans).

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Is Rent-to-Own Bad? 13 Reasons That Point to ‘Yes’ (And What to Do Instead)

HomeLight

The rent-to-buyers will usually pay an “option fee” when they move in, which is typically 1% to 7% of the purchase price. This fee gives you the first “option” to purchase the house; it is typically non-refundable and is a sign of good will that the tenant is seriously interested in buying the property at the end of the contract.

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Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

HomeLight

Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. 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.

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What Is Buying a Foreclosure Really Like? 5 Homeowners Spill the Tea

HomeLight

They sold the Norwalk, Ohio, home three years after purchase for $160,000 — even though they’d intended to stay long-term, a job opportunity in Costa Rica proved too much to resist. He knew the market and what the home could capture in terms of sales price once it had been fixed up. Moving on after divorce.