“How much does a home inspection cost?” is one of the most frequently asked questions from prospective home buyers. The bad news is we can’t give you the exact cost of home inspection procedures in your area, since they vary based on the state of the property, the presence … [Read more...]
Archives for October 2015
Can You Afford the HOA Fees in Your Dream Condo?
By and large, HOA (home owners’ association) fees only apply to types of residential properties which share a large common area with other similar properties. In other words, they mostly target condominiums, townhouses, or other homes in planned developments (gated … [Read more...]
What Changes to the Closing Process Will the TILA-RESPA Integrated Disclosure Bring?
As we’ve previously explained, on October 3, 2015, the HUD-1, GFE (Good Faith Estimate), and TILA (Truth in Lending Act) went away. They’re being replaced by the Closing Disclosure and the Loan Estimate. The latter, which has been alternatively dubbed a ‘know before you owe’ … [Read more...]
Buying a Foreclosed Home in 5 Fast-Paced Steps
You’ve likely arrived at this post on how to buy a foreclosed home because you’re a first-time buyer, interested in the lower end segment of the market. Don’t worry, you are in no way alone. Not only are most foreclosed home buyers first-timers, but there are still plenty of … [Read more...]