Q: Who ‘owns’ the home inspection report? If the listing agent requests to see the full inspection report, the buyer’s agent usually asks the buyer, who paid for the inspection, for permission to send the report to the listing agent.
A: Buyer owns the report and has every right to make the decision to share with [...]
Q: Besides a mortgage payment, what other costs should be factored into my monthly payment? Annual property taxes, homeowner’s insurance, HOA fees, anything else?
A: This is typically called your monthly PITI:
Principal – The monthly portion of your mortgage payment
Interest – The monthly interest on your loan
Taxes – Your monthly property taxes (this can be escrowed [...]
Q: So… If our house is priced right, in a great neighborhood, and appealing to “a lot” of buyers, how long should we plan on?
A: I think it is very hard to make a blanket statement that you will sell in x days. It depends on how much activity is in your marketplace. Ask [...]
The Upper West Side has Central Park and most of the streets that run east/west from Central Park West to Riverside have trees. Many areas of New York are safe now. That’s one of the other advantages of living in New York City, there are deep woods and forest just a short drive away!
There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. Closing costs consist primarily of bank/lender fees, title/escrow fees, closing agent fees, transfer taxes, and recording fees. The customs for who is typically responsible for [...]
The seller usually pays the commission for both buyer and seller. If the property is listed through the MLS, the seller pays the buyer’s agent commission.
The LOI (Letter Of Intention) would come before the LOA (Letter Of Acceptance).
All companies offer different relocation packages and it is best to consult your relocation policy and truly understand the company offer portion of your benefits. The one main difference is that a company offer for your home is based a “relocation appraisal” where the guidelines are very different than those of a “bank appraisal” . [...]