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Buying Your First Home? Let Patty Williams be Your Professional Guide! You might be a bit afraid or intimidated by the whole process of buying your first home. Patty can help your through each and every step of the buying process. There are no dumb questions! Together, Patty can help you to understand: | | Is renting or buying better for you? | | | The tax advantages of buying | | | How much can you really afford? | | | How to qualify for a mortgage | | | What it takes to get approved for financing (what are financial institutions looking for?) | | | How much your payments will be & how much cash you should put down |
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Closing or Settlement >Real Estate Repairs
In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.
Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.
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| Q |
What building has been named the 21st Century Townhouse project?
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| A |
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete. |
See More Real Estate Trivia > |
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