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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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What Are the Costs Associated With Buying a Home?

RIS Media

It’s important to note that there are loans without a down payment requirement: USDA loans, for borrowers buying in designated markets (generally rural), and VA loans, for eligible service members and veterans. – Title insurance. – Title search fee. Closing Costs. – Appraisal fee.

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How Much Are Closing Costs in Michigan?

HomeLight

Your Michigan dream home has just come on the market, and you’re eager to make an offer. The market right now, especially in the metro Detroit area, is still quite competitive, so most sellers don’t pay the buyer’s closing costs unless they’re in a hurry to sell or are selling a home that needs repairs.

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What Costs Are Involved in Selling My House?

HomeLight

Properties typically remained on the market for 16 days, and nearly 90% of homes sold were on the market for less than 30 days. Even though interest rates are rising, inventory is low in many markets. So, the seller’s market is holding, but cooling. from the prior month and 8.6% from one year ago. Get Estimate.

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How Much Are Closing Costs in California?

HomeLight

Your California dream home has just come on the market, and you’re eager to make an offer. So if you’ve got enough equity in your home, you won’t have to worry about coming up with cash at closing. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In

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How Much Are Closing Costs in Pennsylvania?

HomeLight

If you have a motivated seller, or it’s a slow market, you can usually ask the seller to take on more of those costs. Will a builder pay closing costs on a new construction home in Pennsylvania? But many consider those costs worth the satisfaction of becoming a homeowner and having the chance to build equity!

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How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.