7 Things To Look Out For When Buying Your First Home

With the massive recession of 2008 to 2009 in full swing, credit markets have dried up. Because of this, many of us have had to resort to creative forms of financing, one of which is the classic transaction known as a sale-leaseback. Welcome to the lesson you will learn to highly advanced technique of real estate investors of how buy houses “Subject To” the existing financing where you can take ownership of a property via the house being Deeded to you while keeping the existing mortgage in place.

Closing costs – Include points and other fees charged by the lender, which can add up to 3% of the amount you borrow; title insurance, from a few hundred to over a thousand dollars, depending on the purchase price of your home; inspections, about $200 to $500; and other miscellaneous fees.

Throughout the inevitable stress of buying a house that you just …

The Right Time To Buy Your First Home

duplex for saleOur property management company currently manages about 8 duplexes located on a small dead-in street. Now you have real estate working for you and you are on your way to serious income producing cash flow. Also, be aware that real estate investing is a career for many people, and they are here in Colorado in big numbers. You do not want to risk losing money on a multifamily property the first couple of times you make an investment.

Remember that due diligence is a must for successful real estate investment. It is an easy calculation you can make in your head, and can be used when you simply want to get some idea how the price for one rental property compares to similar properties recently sold or currently for sale in the market.duplex for sale

If you have been wondering what, exactly, is the difference between condos, duplexes, and townhouses, then you …

Seven Simple Steps To Buying Your First Home

Buying a HouseWhen you are looking to buy a house, you may need to be looking for a mortgage loan as well. There is also conveyance fee (0.5 -2%) and real estate agentĀ“s fee which is negotiable. Based on a sample of Rocket Mortgage clients who met qualifying approval criteria and specific loan requirements at the time of application. Your realtor’s commission will be paid by the seller upon closing of the property.

By definition, an estate sale is a type of auction, garage or yard sale aimed at disposing of most possessions including real estate properties owned by a person who has passed away or will be moving to another home or place. After you have a home inspection and your sale price negotiations conclude, it’s time to seal the deal.

Of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law; CO: Regulated by the Division of …