How to purchase your first home Pt 3

-

 Brielle Camiolo from Remax Access coming to you for the final part of purchasing your first home!





In a perfect world, we would find the home inspection came back good and the title came back clear. 


After the home inspection comes back, we'll negotiate repairs to be done or cost to be updated prior to settlement. 


The lender will have an appraiser to come out to the house. The appraiser goes through to determine the market value. If the appraiser comes up with a value above or on point to the purchase price, that's good. If the appraiser comes down lower, the difference will need to be made to the lender. This is why it's so important to check out comparable in the area to see what the market value is ahead of time. Also, us as agents to help guide you to see what's the best offer for you to present. 


Once the mortgage lender gives us the clear to close, settlement is ready to go. 


We'll do a final walk through the morning of to make sure it's in the agreed upon state. At settlement, is the official changing of hands of the property. It'll be spent signing docs, and of course taking pictures and doing happy dances!


CONGRATS! YOU'RE A HOME OWNER!

(speak it into existence!!!!!)




If you made it to Pt 3, thank you so much for taking the time to read this! Please reach out or comment below your thoughts and questions!


Check out:

facebook.com/briellecamiolorealestate

instagram.com/briellecamiolorealtor






Comments

Post a Comment

Popular posts from this blog

First Front Door Grant - keep an eye out! 2021

-
Image
The first front door grant is offered to clients who are obtaining a mortgage through their ffd providers. Our in house lender is one of them! For every $1 you contribute, FFD will provide $3 in assistance, up to a maximum of $5,000. Your lender will guide you on how it'll benefit you! This is only available for first time home owners, here are the income limits:  https://www.huduser.gov/portal/datasets/il.html Keep an eye out to submit your application early in 2021! Make this the year you become a homeowner! For more info:  https://www.firstfrontdoor.com/ Brielle Camiolo - REALTOR Remax Access briellecamiolo@remax.net
Read more

Ready to sell? READ THIS

-
Image
 What to do when it's time to sell.... Maybe you want to get in a better school district, family is expanding, change of scenery, job change.....WHATEVER IS MAY BE You want to be prepared and I want to help: Declutter, Organize, Get rid of those items you been meaning to Find out what the balance of the mortgage is  Get pre approved for your future home Are there any liens?  Are there any violations against the property? Is income the same?  In this time frame: Keep an eye on credit  Debt to Income Ratio Do not buy new furniture or new cars Next, is setting up a FREE home evaluation of your home. This will allow me as an agent to price your home considering the market and comparable comps. Make further recommendations.   Please feel free to reach out if you have any questions and you're ready! 2676085232 briellecamiolo@remax.net instagram.com/briellecamiolorealtor facebook.com/briellecamiolorealestate
Read more

HUD homes!!!!

-
Image
HUD homes are homes that have been foreclosed on, and are owned by the bank or the lender.  Owner occupied gets first dibs at placing a bid and then it's open to investors.  The first round of bids may be exclusive to owner occupied for 7-14 days or even longer. If a bid is not obtained in that time, then investors may place a bid.  These are houses going for what's owed on the property and may have some leeway to negotiate.  Keep in mind these homes are as is and you're taking full ownership for the property in it's current state.  For owner occupied, HUD will pay up to 3% but it must be specified on the bid.  There's also a program called, Good Neighbor Next Door  "Law enforcement officers, teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of
Read more