When you buy or selling home make sure you consider the following
a. Agent commission
b. Closing cost
Buying house
a. Start with open house
b. Check with Agent if he can give his commission back to us (https://listwithclever.com/discount-real-estate-agents/ and https://listwithclever.com/real-estate-blog/home-buyer-rebate-without-negotiating/)
c. To minimize the closing cost check on Coscto, SAMS club for mortgage. DCU gives good details about closing cost on online. BOA gives good estimate sheet and which we need to be asking from other lenders.
(
https://www.allstate.com/resources/allstate/attachments/tools-and-resources/allstate-home-buyers-closing-costs-worksheet.pdf,
https://mymortgageinsider.com/how-much-are-closing-costs-7287/
)
d. Work with the Agent comfortable lender while we see the property and inform that you might change the lender when you are contract up front. In this instance you might not work with two agents.
e. Check with the Agent what would be the cost
i. Inspection
ii. Title cost
f. Check with lender what would be the cost
i. Appraisal
ii. Loan processing fee
g. We can skip appraisal as per guidelines provided by Fannie Mae or Freddie Mac system.
Selling the home
a. Make sure seller credit is not in contract as when the appraisal does not come to the expected level then we will loose a lot of money.
b. Before accepting the offer check if the lender is local if so ask agent to verify the details of the buyer and proceed.
c.As a seller we need to keep in mind we have to pay the closing cost but will not be as like buyer
d.Check
Few sites to see the valuation of a property
https://www.pennymacusa.com/home-value-estimator
https://realestatecenter.bankofamerica.com/
a. Agent commission
b. Closing cost
Buying house
a. Start with open house
b. Check with Agent if he can give his commission back to us (https://listwithclever.com/discount-real-estate-agents/ and https://listwithclever.com/real-estate-blog/home-buyer-rebate-without-negotiating/)
c. To minimize the closing cost check on Coscto, SAMS club for mortgage. DCU gives good details about closing cost on online. BOA gives good estimate sheet and which we need to be asking from other lenders.
(
https://www.allstate.com/resources/allstate/attachments/tools-and-resources/allstate-home-buyers-closing-costs-worksheet.pdf,
https://mymortgageinsider.com/how-much-are-closing-costs-7287/
)
d. Work with the Agent comfortable lender while we see the property and inform that you might change the lender when you are contract up front. In this instance you might not work with two agents.
e. Check with the Agent what would be the cost
i. Inspection
ii. Title cost
f. Check with lender what would be the cost
i. Appraisal
ii. Loan processing fee
g. We can skip appraisal as per guidelines provided by Fannie Mae or Freddie Mac system.
Selling the home
a. Make sure seller credit is not in contract as when the appraisal does not come to the expected level then we will loose a lot of money.
b. Before accepting the offer check if the lender is local if so ask agent to verify the details of the buyer and proceed.
c.As a seller we need to keep in mind we have to pay the closing cost but will not be as like buyer
d.Check
Few sites to see the valuation of a property
https://www.pennymacusa.com/home-value-estimator
https://realestatecenter.bankofamerica.com/
No comments:
Post a Comment