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San Mateo : Real Estate Advice

  • All7
  • Local Info2
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 3
Fri May 2, 2008
Diane Wheatley answered:
Besides P & I you can expect to pay monthly for homeowner's insurance, property taxes for sure. Then additional expenses may or may not Mello Roos tax or special assessment tax, supplemental property tax for your first year to cover the difference between what you paid at closing for current property taxes and the new assessment for property taxes that will be calculated each January of the following calendar year, PMI insurance if you plan to put less than 20% down payment towards the purchase and a homeowner's association fee (if applicable). That should be about it as far as a recurring cost itemization. All other expenses are paid through escrow or at final funding. I'm not including any utilities or property maintenance expenses. Hope that helps! Good luck. ... more
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Mon Oct 13, 2008
Brenda Newman answered:
Not necessarily. In Tennessee, the realtor commission is typically paid out of the seller's proceeds at closing. However, if the house you're purchasing is a For Sale By Owner, for example, the seller may refuse to pay the agent's commission and therefore you may be asked to pay it instead. Find out how that agent works in those situations. ... more
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Wed May 28, 2008
Brenda Newman answered:
Regardless, you should have your own representation. If the firm is reputable, and you don't have your own agent, ask the listing agent to recommend someone in his/her company to represent you. Better yet, ask around and get some referrals from family/friends/co-workers who have had positive experiences with their realtors.

Keep in mind that the seller's agent is looking out for the best interest of the seller....not you. You have the right to be looked out for exclusively, and it shouldn't cost you anything extra to have your own representation!
... more
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