About Real Estate - Gardening - History - Redwood City
Can I Negotiate My Closing Costs? Yes you can negotiate your closing costs with your bank or lender. Their costs vary from bank to bank and some banks are more willing than others. What to look for to negotiate with your bank, check the Good Faith Estimate first. Check every line item on it and highlight the following line items. Loan … [Read more...]
Last week you were given 12 questions to ask your real estate agent that was helping you buy a home. These questions were intended to be asked prior to committing to work with them. Below are my answers that you can compare to what your agent told you. This will give you a comparison to gauge your agent to see if they are working in … [Read more...]
What home-buyers need to be aware of in 2012 2012 stands to be a very good year in real estate. It's going to take more effort and commitment on the part of all Realtors to make it so. The number one challenge facing Realtor I believe is the bringing back into the market the buyers who seemed to have abandoned it. Why are there so … [Read more...]
I Can Back Out Of The Purchase Agreement, Right? That depends. Most purchase agreements have provisions for due diligence, loan approval, appraisal at the purchase price, and title contingencies. During those time period set out in the purchase agreement a buyer may rescind their offer to buy. If the buyers do rescind, all parties … [Read more...]
Do You Really Own The Home You Just Purchased In Redwood City? Remember when your agent told you...”Your offer has been accepted”? What a great feeling that was and how sweet those words were to your ears. You now own your own home. You now have a piece of the pie! Or do you? No you don’t. You have a ratified agreement with … [Read more...]
Do You Think Homeowner’s Insurance Is Optional? Homeowner’s insurance, sometimes called fire insurance, is NOT optional in home purchased in Redwood City. You will be required, as a condition to your loan, to acquire homeowner’s insurance from the day you own your home until you pay it off free and clear. It protects your lender if … [Read more...]
Appraiser vs. Home Inspectors In Simple Language In Redwood City The appraiser is hired by the bank to decide the estimated fair market value of the home. It protects the bank and not the buyer. The buyer pays for the appraisal usually around $425 or more depending on square footage. The various home inspectors, like pest control … [Read more...]
In Redwood City Do I Really Need Private Mortgage Insurance (PMI)? Not necessarily does every home buyer need to buy PMI. It will depend on whether your own lender requires it or not. Private mortgage insurance is strictly for the benefit of your lender. It protects the lender incase you default on your mortgage. The lender makes … [Read more...]
How Much Will The Value Of Homes Increase? There is no correct answer to this question. I have seen years, (2000), when prices went up in some communities as much as 24.8%! In other years, (2008), I saw values drop in some communities 24.0%! Fortunately, on the San Francisco peninsula and Redwood City we have seen up … [Read more...]
If you've always rented your home, buying a home can seem like a monumental undertaking. This report breaks down the home buying process into 7 clear steps. Seven Steps to Transition from Renter to Homeowner Step One: Identify Your Needs and Wants Begin your search by considering the kind of home you need and want. … [Read more...]
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