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Renting - What's Best for You

    ADVANTAGES                                                                      DISADVANTAGES

 

  • Property builds equity                                                                  Responsible for

                                                                                                                 maintenance

​

  • Sense of community, stability, and security                              Responsible for

                                                                                                                 property taxes

​

  • Free to change decor and landscaping                                      Possibility of

                                                                                                                 foreclosure and loss of equity

​

  • Not dependent on landlord maintaining property                 Less mobility than renting

   ​ADVANTAGES                                                                    DISADVANTAGES

 

  • Little or no responsibility for maintenance                No equity is built up

 

  •  Easier to move                                                               No control over rent

                                                                                                 increase

 

  • Invest money and time in other things                       Possibility of eviction

 

  • More affordable

 

  • Employment not suitable for homeownership

Buying - What's Best for You

Realtor Advice

  • Save money by buying the least expensive house in the location you want and spend your dollars on making your house your home

 

  • Before you buy know your buying power $$$$

 

  • The larger the house the more it cost to operate, maintain, and update

 

  • Buy a house that fits your life style

 

  • When viewing houses remember, paint is the most cost effective way to make a big change

  • When selling your home remove personal items and take care of all needed repairs

 

  • Live in a small house, help other see the space by storing un-used items away

 

  • Buyers look in closets and drawers to see the space, help sell your home by clearing the clutter

Congratulation on the purchase of your new home!  Now that you have your home don't let energy cost wreck your budget.

 

Contact Tia Carson your energy savings consultant

 

Tel: 202-491-4231 or click light bulb for more information

Find a Loan Officer

Ask family and friends what has been their experience with working with loan officers or sometimes they are referred to as mortgage loan originators. Talk with your local bank or credit union about their process and what has their history been on timely closings. You want a loan officer with real estate experience and willing to talk to you when you have pressing concerns. The loan officer will be responsible for providing you with a “pre-qual letter” to provide to your realtor. The “pre-qual letter” will become a part of the offer you make on the property. This is a very important part of your offer because it informs the seller that you are “able” to purchase the property that he/she is taking off the market if your offer is accepted.

The Home Buying Process

  • Examine Your Finances

  • Find A Loan Officer

  • Understand the Good Faith Estimate (GFE)

  • Find a Realtor

  • Attorney Review (optional)

  • Finding Your Home and Making an Offer

  • Closing the Transaction

  • Getting a Home Inspection

  • Getting an Appraisal

  • Understanding the Settlement Statement (HUD-1)

Cost Saving Ideas

Get Top Dollar for Your Home by Doing the Small Things

Things to Ponder When Buying Your Home

HUD
Home Buying

Click on icons above for more information

image credited to google search

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