closing costs

9 Closing Steps in a New Home

9 Closing Steps in a New Home

You have made an offer for a home and the seller has accepted it. Now what? Next, you close in your new home. But this part of the home buying process can be a source of major headaches for many buyers. It is a complex process that involves a series of steps before the triumphant moment when you receive the keys to your new place. Let's take a look at the main steps involved in the closing process, also known as "custody" or "liquidation," depending on your location, so that when you get to that important moment, you'll be prepared. If you're…
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Tips on how to negotiate with your builder the price and improvements of a new home

Tips on how to negotiate with your builder the price and improvements of a new home

So he has decided to buy a new house and is researching all the new constructions in his favorite places. Or maybe you've already selected the neighborhood where you've decided to live, but haven't closed the purchase yet. Regardless, you'll want to get the best possible price for your new home. Some factors that influence prices include the following: location, cost of land, cost of building materials, labor costs, real estate market conditions and utility provision costs. When it comes to a resale home you have to deal with the seller's emotional attachment to the home. Fortunately, the latter is…
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How to start looking for a house?

How to start looking for a house?

Making the decision to buy a home and going through the process are two very different things. Many people have ever said to themselves, "I hope to own a home one day." But sometimes the process can be daunting. If there are literally millions of homes in the United States, how are you supposed to know where to start looking? Simply put, you can start exactly where you are. No matter what type of home you're looking for or when you want to buy it, it's best to evaluate your situation to make sure you're successful when you find your dream home. We have three recommendations…
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Understanding Your New Home Purchase Agreement

Understanding Your New Home Purchase Agreement

Before you are handed the keys to your dream house, you will have to sign on the last line, putting your initials here and there on a large number of documents. One of the most important? The contract of sale of new housing. But before you affix your signature to this stack of papers, it's critical that you truly understand this very important document. To help you figure it out, we spoke with two experts: real estate agent and co-founder of Home Value Leads, Brian Rayl of Dallas, Texas, and broker Dianne Langston of Quality Real Estate Services in Fairfield,…
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2021 Massachusetts Closing Cost Guide

2021 Massachusetts Closing Cost Guide

Massachusetts comes steeped in American history and packed with New England charm, so it's easy to see why people want to buy a home here. Are you a home buyer about to close your deal in the Bay State? While you may have gotten a competitive interest rate for a mortgage and saved for the down payment, there's another major hurdle you'll need to overcome: paying closing costs. Closing costs encompass all administrative and legal services you will need to pay for before you receive the keys to your new home. You pay these costs in a lump sum on…
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Louisiana Closing Cost Guide 2021

Louisiana Closing Cost Guide 2021

With its world-renowned Creole cuisine, live music and incredible festivals, and stunning scenery from the southern swamp to rolling hills in the north, it's hard to beat life in Louisiana. If you're a homebuyer putting down roots in Pelican State, make sure you're saving not only for your new home down payment, but also for closing costs. While saving on the down payment is at the forefront of homebuyers' minds, closing costs are what often fall by the wayside. A 2017 survey found that 35 percent of Americans are surprised by how expensive they are. Another 17 percent didn't even…
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Maryland Closing Cost Guide 2021

Maryland Closing Cost Guide 2021

With its charming suburbs and small towns, natural forests and sandy beaches, and proximity to D.C., Philadelphia, and New York City, it's hard to beat life in Maryland. But moving to the Free State comes at a high cost, so make sure you have cash saved not only for the down payment but also for closing costs. Closing costs are an out-of-pocket expense that you will pay for the day you close your new home. These costs consist of the fees charged to homebuyers during the home buying process, from applying for a mortgage to appraisal and inspecting the property. Various taxes and insurance…
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Kansas Closing Cost Guide 2021

Kansas Closing Cost Guide 2021

You've earned a competitive interest rate on a mortgage, saved for the down payment, and are ready to call Kansas home. But there's one more expense to consider: closing costs. Closing costs encompass all administrative and legal services you will need to pay for before you receive the keys to your new home. For convenience, you pay these costs in a lump sum on closing day and typically amount to 2 percent to 5 percent of the home's purchase price. Closing costs are paid along with your down payment. If you're buying a new home in Kansas, NewHomes here has put together…
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