Finances
And Your Move
Review your
finances with your real estate specialist
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Costs can vary
from one real estate transaction to another.
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Discuss all
possible expenses with your real estate specialist and lender prior to looking
for a home so that you may anticipate the actual cost of your move.
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Get pre-approved
for a mortgage...that way you will know exactly how much money you can spend.
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Consider
alternates to a fixed rate 30 year mortgage.
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1 year adjustable
mortgage.
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Multi-year
fixed/adjustable mortgage.
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Balloon mortgage.
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Variable rate
mortgage.
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FHA mortgage.
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VA mortgage.
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First-time
homebuyers loans.
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Installment land
contract.
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Lease with option
to buy.
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Wrap around
mortgage.
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Reverse annuity
mortgage.
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Decide which
mortgage is most comfortable for you.
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Ask your mortgage
loan originator to assist you in making decisions about financing.
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Real estate
offers to purchase
An Offer to
Purchase, or Sales Contract, is a legally binding contract. You are bound
by exactly what the contract says. Have every section explained thoroughly
before signing. If you have serious questions, consult an attorney.
Make sure you Offer to Purchase considers and contains the following:
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Earnest
money/good faith deposit.
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Provisions for
return of the Earnest Money under certain conditions.
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Legal description
of property, address, lot and block number and city.
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Price of
property.
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Down payment.
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Method of
financing (Conventional, FHA, VA, Cash, etc.)
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Closing date.
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Occupancy date
(may be different than closing date)
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List of what
stays in the home.
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Warranties in
effect at the time of purchase.
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Pro-ration of
taxes.
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Inspections
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Termite and wood
destroying insects
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Whole house
inspections
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Lead based paint
inspections
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Structural
inspections
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On lot septic
system inspections
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Water well
inspections
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Any inspection
which will assure you of the condition of the property
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Provision that
the property be in the same condition upon possession and broom clean.
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Seller provides
good, marketable and insurable title.
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Any other special
agreements.
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Mortgage
pre-approval...a must!
Being
pre-approved for a mortgage prior to looking for a new home will provide strong
benefits:
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You will know
exactly how much you can spend on a home, saving you time and energy.
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Your real estate
professional can focus on your exact financial housing needs.
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You will be
positioned as a cash buyer and seller will know you offer is viable.
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The seller may
give you preference over non pre-approved buyers when more than one person is
making an offer on the same home as you.
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Make certain a
written copy of your pre-approval accompanies any offer so there is no question
in the minds of the sellers or their agents.
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When you find the
home you wish to purchase, there will be no doubt as to your ability to do so,
saving you from stress and worry.
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Call ERA Mortgage
at 1-888-325-5821 for your free mortgage pre-approval today! You can also
click on the financing button for additional
information on ERA Mortgage.
Closing the
transaction
Our in house
closing company will complete the title work and closing documents for you.
One call to Premium Settlement Services does it all. Give Henry Horvat a
call at 1-412-373-3130 to schedule your closing today. In addition to
purchase transactions, Premium Settlement Services can close your refinance,
home equity and For Sale By Owner transactions.
NOTICE: This information is
provided as a convenience only and are not intended to be legal, financial
or tax advice. Please consult your attorney, accountant or tax
attorney for the appropriate advice.
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