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Buy Your First Home in Massachusetts: 15 Questions Answered

Realty Biz

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure. What Is a Mortgage Pre-Approval? How Do I Start the Home Buying Process?

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. When choosing a buyer's agent, consider factors like experience and qualifications.

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

HomeLight

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. “If These loans also offer 0% down for qualified borrowers.

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How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. These loans also offer 0% down for qualified borrowers.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores.

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Can I Sell My House to a Family Member at Below Market Value?

HomeLight

You can easily find a top agent with relevant qualifications for the job through HomeLight. Home inspector: No matter how much trust you or your relatives have that your home is in great condition, a home inspection is an important step in any home sale. Gift taxes when selling below market value.

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

Short sales are rarer in the housing market nowadays. ” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. You can also help yourself by doing the inspection upfront, knowing the seller likely won’t get any repairs done.