Unless you happen to find a house you want to buy from someone you know or by some other unusual break, you will be dealing with a realtor in buying a house. Buyers do not need to enter contracts with realtors and there is no need for you to do so. [Read more…]
It is doubtful that you will ever get everything you want in a house. Big items, such as the number of rooms in the house, the general condition of the house, heating, and air conditioning, come first. Do not buy a house unless you can set a price range that will get you the major items you want in a house. As for smaller items, find out what it will cost to add them at a later time. [Read more…]
Personal Property. Items included in a sale of real estate that are not part of the house.
Points. Charges imposed by lenders for providing loans (one point equals one percent of the amount borrowed).
Premium. The cost of a homeowners or other insurance policy.
Real Estate Contract. The document that sets forth the terms of a sale of property from a seller to a buyer. [Read more…]