Beside home inspections, the other common contingency within a purchase offer is a property owner’s association contingency. If a home is located in an established property owner’s association (more commonly known as homeowner’s association), the seller must provide all copies of association documents prior to closing. These documents are generally ordered through the association once […]
One commonly negotiated contingency in a purchase offer is having a thorough home inspection. Although it would be thrilling to find a perfect home with no concerns, unfortunately, they don’t exist! A home inspection is a visual inspection of readily accessible areas and components to determine condition of major systems, structure, and other operations. Most […]
After finding the perfect home, it’s time to write an offer! This is where the experience of your Realtor really pays off through negotiations and coordinating closing details. Before writing an offer, your Realtor will run a Competitive Market Analysis (or CMA) to determine current market value of the home. Together, you and your agent […]
Your not just buying a home, you’re buying into a neighborhood, community, school system, and lifestyle! It’s important to evaluate each neighborhood and property. Creating a neighborhood checklist is a great way to keep tabs on each home previewed. Items to consider include: Size of neighborhood Home styles Lot sizes Topography Recreation Amenities Shopping Commute […]
There are several documents you will need to gather in advance to expedite your loan application. At a minimum, you should have the information listed here: Current pay stubs for the past two years W-2’s for the past two years Other income sources Complete information – names, addresses, numbers and balances – regarding the following: […]
Courtesy of Liz Moore and Associates. Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions on mortgage loans contact Alyssa at 757-329-6161 or alyssagodwin@lizmoore.com. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.
As discussed in The Mortgage Process, the first step of home buying is getting started with a lender through a pre-qualification call. By taking the time in advance to meet with your chosen lender and review the numerous mortgage programs available to you, you can avoid a last minute rush to quickly find a lender, […]
The first step in the home buying process is securing a mortgage approval. Because financing plays such a critical role in your real estate experience, you should have as much information as possible regarding mortgage options and costs. There are hundreds of loans to choose from, and a mortgage lender will work with you to […]
Getting started in finding your dream home can be an exciting adventure! So many home buyers now start their search online before ever consulting a Realtor. Since, let’s face it, who doesn’t want to flip through pictures all day!!! With so many potential homes out there, a real estate agent can be a very useful […]