Buying during a move can be a challenging/emotional situation, especially if a family is involved. Multiple parties, conflicting interests of buyer/seller, and myriad other issues can make a simple negotiation very complex. In choosing YOUR REAL ESTATE PROFESSIONAL there is one factor above all others you must consider: How well can your real estate professional negotiate on your behalf?…
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How much can I afford?
The general rule is that you can buy a home that costs about two-and-one-half times your annual salary. A good real estate agent or lender can determine how much you can afford and estimate the maximum monthly payment based on the loan amount, taxes, insurance and other expenses. Your real estate agent can help you…
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What are closing costs?
Closing, or settlement, costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller negotiates. Closing costs normally include title insurance, loan points, escrow…
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