As a prospective home-buyer who will be considering a mortgage, you will have to determine how to come up with a down payment for your new house. The standard down payment for a conventional loan is 20 percent; however, there are other loans that might be available to you, such as the FHA loan, in which you might only be required to put down 3.5 to 5 percent of the purchase price.
One of the many things that people love about the warmer months of the spring and summer is having their own gardens and being able to produce fresh homegrown vegetables. Living here in New England, we have a shorter growing season than those who live in a warmer climate. All of you who believe your window of opportunity to grow your crops is just too short, follow the below tips to extend your season without having to move south.
Fall is often a busy season as teachers, children and parents find themselves getting back into their school routines. Swimsuits and flip-flops get pushed aside and hoodies and winter boots make their debut. As you prepare to enjoy the crisp air and bonfires, it's a good time to start your Fall home maintenance to make sure your house is ready for the decreasing temperatures.
You spent months, or maybe even years, preparing to buy a house. You saved, you interviewed and signed with a Real Estate Agent, you chose a lender and went about getting your pre-approval. Now you’ve found the perfect home and you’re ready to put an offer in… and you find you’re not the only one. It’s a seller’s market and you find yourself competing with other buyers. What are your options? While you certainly cannot make the seller decide to choose you to sell to, you can take the extra step and write a winning offer letter.
The Earnest Money Deposit (EMD) is an important aspect of the house buying process. This deposit essentially indicates to the seller that you, the buyer, are serious about wanting to purchase their home. The deposit shows you are committed. Once the deposit is accepted by the seller, the property is then taken off the market, therefore the seller is trusting that the buyer is eager to move forward with the sale. Otherwise, the seller is losing valuable time and money by removing the property from active listings. It is also a safeguard for sellers, deterring buyers from making offers on multiple properties.