Contact Team Annett: (p) 513-527-3060 (e) teamannett@gmail.com
If you’re thinking about buying a home, a pre-approval is a fast and simple way to make your home buying experience easier from start to finish.
Searching for your dream home can be a time-consuming experience. Working with a professional Realtor will make the process much more efficient.
There are a wide variety of home loan products out there, including one that’s right for you. Here’s an informative look at general mortgage categories, including the advantages of each program and things to consider when choosing a loan. Featured programs include fixed rate and adjustable rate mortgages, interest-only loans, jumbo loans, and FHA and VA mortgages.
Before you start looking for a home you should ask yourself a few questions: read more »
There are several things you will need to consider when writing an offer to purchase a home:
Contract negotiation in real estate can last for several days while all the items written in the offer are assessed and discussed. The seller will accept, reject or counter your initial offer. It is always important to expect that the seller may not accept your initial offer and ask for some concessions to be made in their favor. On the other hand, it is not uncommon for a seller to accept a first offer as long as it is reasonable and realistically thought out. Your real estate agent will negotiate all items on your behalf. However, no decisions or concessions will be made without authorization from you.
Congratulations! You’ve been pre-approved and you have an accepted offer on the home of your dreams. So what happens now?
In Cincinnati, Ohio the inspection period is typically the first 10 days after acceptance of the contract. This time frame – as with just about anything else in the contract can be negotiated as part of the offer. The contract states that it is the buyer’s responsibility to inspect *everything* about the property. This isn’t just the condition of the property. Your inspections should include the schools, HOA, utilities, square footage, services, crime statistics and anything else that could affect your decision to purchase the property. Per the contract the seller should provide the buyer with two forms:
The purpose of the appraisal is essential to the lending process and helps protect both the bank and the buyer against lending (or paying) more for a home than its actual market value. Essentially, an appraisal is an estimate of the property’s value provided by a professional appraiser. Unlike the inspection, the appraisal will be performed in private and the buyer and buyer’s agent will not attend. However, it is not uncommon for the listing agent to attend the appraisal to provide their own comparative analysis for the appraiser. The appraiser may take the listing agents analysis into account but will often rely upon their own research to arrive at a final value.
