Posts with tag 'closing costs'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2022 | 15 Posts
- 2021 | 24 Posts
- 2020 | 26 Posts
- 2019 | 11 Posts
- 2018 | 6 Posts
- 2017 | 3 Posts
- 2016 | 19 Posts
- 2015 | 4 Posts
30
Multiple Offers? How to Make Sure Yours Gets Noticed
Our real estate agents at Heritage Real Estate want to make the home-buying process as easy as it can be. Many clients have shared with us that they feel worried when they make an offer on a home that already has multiple outstanding offers. This is understandable, but it doesn't mean you're out of options!
Even if you don't have "cash in hand," you can still raise your odds of being the winning bidder.
Morgantown homes for sale are highly desirable, so they often attract attention from several buyers in a short time. In every case, somebody has to be the lucky person who comes out on top – and it can be you. The right real estate agent can help you come up with a winning strategy and make a competitive offer.
Let's look at some of the most effective ways to get your offer noticed.
28
Mortgages - Six Things You Need to Know to Save Big Money
Most of us make our house payment every month without ever thinking about how we are really spending our money. The fact is, if you purchase a $200,000 house January 1, with zero down, at 5% interest, on a 30-year fixed note, you'll be making a monthly principal and interest payment (not counting PMI, property taxes, and homeowners' insurance) of about $1,073. Some $833 of that monthly payment will go toward interest, and only about $240 to your principle balance. The first year alone will cost you almost $10,000 in interest. Over the life of the loan, you will pay some $186,511 in interest – almost double the cost of the home.
THE TAX DEDUCTION MYTH
What they say: "But...
27
Closing Costs: What's that Set of House Keys Going to Cost Me?
"Closing costs" is a confusing term. Depending upon who you're talking to, it can encompass various monies which will be required of a buyer in order to get up from a closing table with a new set of keys (hopefully with a 
Heritage Real Estate keyring attached). There are numerous charges and fees involved and buyers frequently get the terms mixed up. More often than not, neither lenders nor Realtors thoroughly and clearly explain things to the buyer.
Firstly, there is a difference between "closing costs" and "down payment," something first-time buyers frequently misunderstand. I recently had a deal go south because the buyer's agent didn't bother to explain to him that "zero down" didn't mean there were no costs involved. Imagine his surprise when, two weeks into our contract, he learned he had to come up with $4,000 in closing costs.
Your "down paymen...
Bill Porter, Broker
(304) 612-3746207 Aurora Dr
Morgantown, WV 26508
WEST VIRGINIA LICENSES BROKER WVB240300963
AGENCY 010271-00
Translate
Office License No. 010271-00