KEY TERMS TO KNOW IN THE HOME BUYING PROCESS

Dated: November 30 2020

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Key Terms to Know in the Homebuying Process 

Key Terms to Know in the Homebuying Process [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Above is a list of some of the most common language you'll hear along the way. 

  • To estimate closing costs, use 2.5 - 3.0% of the sales price. Ask Karen about a possible Seller Credit to assist with defraying closing costs. Some Sellers will agree to a Seller Credit. 

  • The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher’ by putting your needs first. 

  • Having your PreApproval Letter/Financing Strategy to Purchase a property ready is essential to a successful closing. When you find the perfect place to call home, a contract needs to be submitted as soon as possible. If you wait to get your PreApproval AFTER you find the perfect home, most likely, you will miss the Offer Deadline.

  • Start the PreApproval process today with a well-known, reputable company with great rates:  

  • Keith Harris

    Vice President/Senior Loan Officer

    NMLS ID #: 838973

    Cell: 703.395.6601

    www.KeithHarris.biz


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Karen Komo

Helping You Make The Right Move!! Whether you’re ready to buy or sell a home in 2021, if you’re planning to take advantage of the market this winter, let’s connect to talk about the opportuniti....

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