Taxes are prorated, so if you sell in June you will owe 1/2 of the yearly amount. Commission is negotiable with your real estate company. Insurance will stop when you sell and they should refund the unused amount of the prorated policy. Closing cost fees to close, these vary. Recording fees and any transfer fees if they have any there. Your agent should have a good idea what these run in your area. Termite inspections and other things like that if they are customary there. Again, your agent should answer these for you.... more
The ONLY 10% investor program available is for the HomePath program. In order to use this program you must buy a Fannie Mae owned property. This restricts you a little bit, but Fannie Mae owns a lot of properties right now. Please feel free to contact for more information about this program.... more
If you're really concerned, spend the money. A standard home inspector knows what to look for, in signs of wood-destroying insect infestations.... but they can't see through the walls. Of course, neither can a termite inspector.
Fortunately, in our area, the most common species seems to be subterranean termites, who live in the ground and feed on the house. Our climate is not very forgiving so they don't seem to "thrive" through our cold winters, so they haven't taken hold like they have in warmer climes. We do still see them, but not like southern California, for example.
A termite inspection should cost about $400+, and if it set your minds at ease, it's probably worthwhile.... more