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Viewing posts for the category FAQ Buyer

FAQ: What is the amount of down payment needed to buy a home?

July 25, 2011

Typically, lenders prefer 20% downpayment, or more.  However, there are different programs available to Buyers who cannot put 20% down.

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FAQ: What are closing costs?

July 24, 2011

Closing costs are costs that are incurred by both the Buyer and the Seller during the transfer of ownership. 

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FAQ: What are some fees a buyer should expect to pay at close of escrow?

July 22, 2011

In addition to the purchase price, there are a number of fees that Buyers may incur during escrow.  

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FAQ: What is a "Hot Sheet"?

June 28, 2011

A Hot Sheet is a term that Real Estate Agents use for the activity in a specific market (usually a specific zip code) for a period of time.  

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FAQ: What is the difference between Market Value and Appraised Value?

June 15, 2011

The Market Value is the value at any given point in time, established most commonly by a Comparative Market Analysis (CMA).  A CMA looks at recent sales in your home, or prospective home's, market.  

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