Found 2 blog entries tagged as #blog #realty #homebuying.

It can be harder to buy a home when there are more buyers than available homes on the market. However, there are ways to get your dream home at a reasonable price even when competition for properties is fierce. Let's look at a few specific steps that you can take to achieve this goal.

 

Make a Cash Offer



If possible, offer to pay for the home in cash instead of getting a loan to do so. While the seller will get paid the same amount whether you finance the purchase or pay cash, it can be faster and easier to close when a lender isn't involved. This can be appealing for sellers who are looking to coordinate the sale of their current homes with the purchase of their next homes.

 

Get Approved for Financing Before Making an Offer



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When you buy a home, there are more expenses than the price you agree to buy it for from the seller. Awareness of the additional fees associated with the purchase of a home helps you avoid unexpected surprises. Here are some of the fees that you need to budget for when determining how much cash you need to have on hand or in your checking account when buying a home.

 

Mortgage Fees

 

There are many fees associated with securing a mortgage for a home. The application fees typically range from $500 to $1,000. You will also pay a fee for the bank to get your credit report. Some of the other fees you will pay include an origination fee and an underwriting fee. There are additional optional fees, including discount points on the loan's interest…

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