It's a big deal to make sure that you get homeowner's insurance. A house is a big investment and there aren't that many people that can easily bounce back if it burns down or anything like that. It's just a good idea to make sure that you're covered, just in case. How much it costs depends on your home and where you life, though. It's a good idea to get quotes from multiple places when you're looking around. http://insurance-agency.amfam.com/CO/timothy-brown/... more
I am in the process of obtaining a mortgage loan through my bank and hoping to buy the house I've been renting for 3 years. I just talked to my landlord and waiting a reply back. So I am asking if we agree on a price and I get the pre-approval, I was told that a title company can do the contracts. Am I correct in this assumption? I live in AZ.
Why would you not want to use a Realtor? It doesn't cost you anything to be represented by a Buyer's Agent. This is likely the largest transaction of your life, and there are plenty of financial and legal consequences if not done properly. You could try to give yourself a root canal too, but do you really want to???... more
We put it up in the beginning of Feb and within 2-3 days were under contract! I was worried about listing in February, but my plan for listing early as to not have too much competion, worked out wonderfully! Thank you for all the feedback.... more
Lance...You've gotten some great answers here. I would certainly take the recommendation of the others here and talk with a lender. The lender is the expert in knowing what it takes to get you approved. They know the ins and outs of qualifing for a home loan. Also if now is not the best time, they will give you pointers on how to improve your situation to qualify down the road. We feel as an industry that the rates are going to stay low. Maybe not as low as today's rates but by history standards, these rates are unheard of. That being said, contract one of these experts or start with your bank. They know how to assist you there. Thanks... more
Dont hire an attorney. Hire a real estate agent in your state. Then the settlement company you hire will cost you much less and your real estate agent will be a watch dog garding your transaction . Most of the time you get the assitance of a real estate agent for free. .... more
I am currently am working with clients who are in the same boat. Their lease is up November 15th. We just submitted an offer today! We are asking to close at the end of October (their last rental payment is due November 1st). Their first mortgage payment will be due in December. Translation: It is time! Call if I can help you with this one 724-3390.... more
Jim the agents usually have an agreement with their Brokerage in Virginia, and work for a particular split of the money they bring in to the company. In all likelihood, the agent is not making as much as you feel he / she is, but the bottom line is that the seller pays the commissions a great deal of the time. In other words it is not costing you a thing. Some companies do charge "Administrative Fees", or "Buyer Broker Fees", though I personally do not. Sometimes agents will say these fees are what they are making, period. Well that's not always the truth, and I would suggest that you start with an agent who is honest with you.
Should you be represented? That's your choice of course, but there is a reason why I am used by new construction contractors to represent them, and why I have represented six agents in their own real estate transactions. Emotions can enter and sometimes fog one's judgement.
Bottom line Jim, there is a reason why agents many times hire other agents to help them as there is a reason builders who conduct many transactions do the same - just as there is a reason we were named Best of the Best for 2012. Contact me if you would like and we can discuss this in more detail. Take care... more
Jeremiah, Please be very carful with any Rent to Own contract and make certain you have your JAG officer review before getting into one. . . I highly recommend the slower path of education via www.vhda.com good luck - Bobby... more
I have a current client that was in the very same situation. She actually came to me through a referral from a former client after being disatisfied with her current realtor. I would be happy to have her share with you her experience with me. We have not only found her the home of her dreams, we have become friends.
It is very important that you establish a realtionship with a realtor you can trust. Homebuying is one of the most important life events that you will be involved with. If you are not comfortable with your current realtor I would suggest you interview a couple of others. It won't take much time. You want to have someone that is working on your behalf and looking our for your best interest. Of course, we all have to make a living, however, selling real estate is about much more than the commission. It is about the people and the relationship you develop with the people. You need to know that you are the Realtor's priority.
Again, you need someone you can trust. You need someone that is committed to you 110%. I would be happy to interview with you for the job of being "Your Realtor". You can search my website or I would be happy to take your specific needs and send listings to you for your review.
Let me know how I can help you!
Nelene Gibbs, Realtor, e-Pro
Real Estate Investment Advisors
mail to: email@example.com... more
So Brett.....are you happy now?? You should be.......after reading through all the responses here......I think you got exactly what you asked for, and have gotten a lot of helpful advice. Everyone who responded, especially the Realtors whose input you didn't want, stepped up to the plate and did as you asked.....tried to tell you what you need to buy a house on your own.
See...Realtors are a friendly bunch..............and helpful, too!