http://videotap.wistia.com/medias/kh83wzhxxh?embedType=async&videoFoam=true&videoWidth=640 Buyers generally seek the least expensive home in the best neighborhood they can handle. Like the guy in the video says, you want to present a home that fits in the neighborhood but doesn’t stand out too much. For example if neighbors are all 4 bedrooms, 3 baths and 3000 square feet additions that...
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http://videotap.wistia.com/medias/zte9lawgkg?embedType=async&videoFoam=true&videoWidth=640 This video tells you what any real estate professional would tell you. Ask them: How long do homes in my neighborhood currently stay on the market? How would you price my home? What data did you use to arrive at that price? How would you market my home? What activities would you expect of me to...
http://videotap.wistia.com/medias/uuwlyb2tz7?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, there’s more to an offer than the price tag. Factors you should consider: Is this offer at, near or above my asking price? Are there clauses and additions in their offer that change the terms and final price substantially? How long since I had another offer, or...
http://videotap.wistia.com/medias/tg7ag49ei9?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, this will likely be the first opportunity to examine the house without furniture giving you a clear view of everything. Check the walls and ceilings carefully as well as any work the seller agreed to do in response to the inspection. Any problems discovered previously that you find...
http://videotap.wistia.com/medias/4y38fgs73b?embedType=async&videoFoam=true&videoWidth=640 To ensure you won't fall victim to loan fraud, as you’ll see in this video, be sure to follow all of these steps as you apply for a loan: Be sure to read and understand everything before you sign. Refuse to sign any blank documents. Do not buy property for someone else. Do not overstate...
http://videotap.wistia.com/medias/vhfv5vfrq7?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but with the exception of a few additional forms the FHA loan application process is similar to that of a conventional loan. With new automation measures FHA loans may be originated more quickly than before. And, if you don't prefer a face-to-face meeting, you can...
http://videotap.wistia.com/medias/nzmca7reyv?embedType=async&videoFoam=true&videoWidth=640 RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all. RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by lending institutions. RESPA mandates that lenders...
http://videotap.wistia.com/medias/4i7sap6vdx?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but your personal situation will determine the best kind of loan for you. By asking yourself a few questions, you can help narrow your search among the many options available and discover which loan suits you best. Do you expect your finances to change over...
http://videotap.wistia.com/medias/tg6i4rwsph?embedType=async&videoFoam=true&videoWidth=640 Yes, loan origination involves costs and fees. As you’ll see in the video, when you turn in your application you'll be required to pay a loan application fee to cover the costs of underwriting the loan. This fee pays for the home appraisal a copy of your credit report and any additional charges that...
http://videotap.wistia.com/medias/wndv3t5ssg?embedType=async&videoFoam=true&videoWidth=640 What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Attorney's or escrow fees (Yours and your lender's if applicable) Property taxes (to cover tax period to date) Interest (paid from date of...