Here are a few questions adults in the household should be able to answer without hesitation:
Whew! You’ve successfully negotiated the process of buying a house — the search, the negotiations, the inspections, mortgage application and approval, the closing. Now you need to successfully negotiate a whole new process — home ownership. Here are 5 smart tips for new homeowners to help get this fresh chapter of your life off to a good start.
A mortgage calculator can give you a useful number at the beginning, but it’s only part of the picture you’ll need to decide what fits in your price range.
A home inspector carefully examines the visible portions of a home, inside and out. The key word here is “visible.” During a home inspection, an inspector is not allowed to do any destructive testing, cutting through walls or digging into rotten wood.
The American Land Title Association warns consumers to watch out for the appearance of relatively new “Wall Street Home Resale Fees,”
Responsibility for some charges can be negotiated between the buyer and seller. According to the American Land Title Association, for example, the settlement/closing fee to a settlement agent is often split between the two parties.
As anyone who has bought a home knows, the property’s purchase price is only part of what a homebuyer is obligated to pay as part of a conventional or FHA loan. Before the loan is completed and the sale finalized, an assortment of fees and taxes will be due up front as the homebuyers’ closing costs.
A garbage disposer can be a kitchen’s best friend Some people burn their table scraps in an incinerator. Others simply feed them to a family pet or toss them with the trash.
For first-time homebuyers the prospect of adding home insurance to the other long list of costs can seem stressful. Yet homeowners’ insurance isn’t just required for your mortgage, it’s an important part of a plan to keep you and your home safe