The ABC’s of
Buying or Selling Your Home
When it comes to buying and selling a home, there are a lot of questions! No fear. We have compiled the ABC’s of Buying and Selling Your Home to help you navigate the mirky depths of this complicated process. In it, you’ll find expert advice for every step of the journey.
A – Agent: Buying or selling a home is a major financial (and emotional) undertaking. You need an expert at your side helping to negotiate a complex deal and lending knowledge and expertise throughout the process.
B – BEWARE: Some agents will offer to list your home well above the selling price of comparables in the neighborhood. BEWARE! False hope won’t get your home sold faster. It may even drag out the process months longer than necessary.
C – Closing Costs: Getting a mortgage requires paying closing costs or fees charged by lenders and third parties. Typically, home buyers will pay between about 2-5% of the purchase price of their home in closing costs.
D – Downpayment: You should have 5-20% of the sale price of your home in cash in order to qualify for a conventional loan. Expect to secure mortgage insurance for any down payment less than 20%.
Click here to explore (and print) the ABC’s of Buying and Selling Your Home. To find an expert agent to help you, click here.