Archive for July, 2006
After You Make an Offer for Real Estate
Your real estate agent conveys your offer to the seller. If you have a buyer’s agent, he or she represents you. Now is a good time to keep in mind that all other real estate agents represent the seller and it is the seller who pays them, not you. Naturally, if you have given such […]
Closing Cost Examples
Freddie Mac, on its website, gives the following as examples of closing costs. On the website, www.freddiemac.com, you can insert dollar amounts after the following items and make calculations:
Purchase price
Loan amount
Term (years)
Interest rate
Discount points
Origination fee
Lender fees
Credit report
Escrow fee
Lender’s title insurance
Recording fee
Transfer tax or other city, county, or state tax
Appraisal report
Survey fee
Termite infestation report
Yearly property tax
Yearly […]
Buying in the Right Location
We’ve all heard the expression, location, location, location… This usually refers to the actual site of the property, and varies with the kind of property. A store at a busy intersection is at a more valuable location than one in mid-block on a residential street. However, a condo in mid-block on a residential street is […]
