You’ve Decided to Buy a House, Now What? Part lll

Christi Nelson — Tue, 26 Jan 2010 22:40:00 +0000

So your agent has shown you a bunch of houses and you might be getting a little frustrated if you havent found the right one. Be patient! Sometimes it takes a few showings to really fine tune what it is that you REALLY want.
Then, you finally find it! Let the flood of emotions and questions begin!
In my opinion, it is good idea to educate the buyer as to what the process is and what decisions we will have to be made when finally making the offer. However there are still little things that will need to be addressed and especially if there are going to be multiple offers on the property. Thats where you will need to really listen to what your Realtor advises you to do. They have the experience and negotiating skills that will put your offer in its strongest possible position.
Although there are many part to the purchase contract here are a couple examples of things to think about:
The purchase price. What is the amount you really want to offer? This will usually be a number you come up with according to the sold comps your agent has provided to you. Keep in mind this is probably the toughest part. There are a couple of factors to consider when finalizing the price. Is the seller being asked to give a credit for your closing costs? Are you asking for the seller to pay for all the inspections? How long is your escrow period? These are things that need to be considered and your agent will help you fine tune the numbers to make it attractive to the seller.
Escrow Period- How long of an Escrow do you need? Generally the normal time period is 30-45 days. Its a good idea to check with your lender regarding the time period they may need to complete the loan process.
Inspections- What type of inspections do you want to do? What is customary? What do you want the seller to pay for and which ones will you as the buyer pay for? Your agent will be able to advise you on what the different types of inspections you can do and the importance of them. Your lender may also require certain inspections depending on the type of loan you have.
Here is an example of what a Califonia Purchase contract will look like.

Oroville Emergency Home Repair Grant

Christi Nelson — Sat, 23 Jan 2010 15:25:00 +0000

Did you know the City of Oroville currently offers a program to assist senior and disabled homeowners who don’t have financial resources to complete minor and emergency property repairs?
This is really great for those that just that really need that repair but have been putting it off due to financial reasons!
Basic Eligibility Requirements

Applicant must own and occupy their home or mobile home
Applicant must be a senior citizen, 65+ years of age or physically disabled
Applicant must live within the Oroville City limits

Eligible Repairs
The program was designed to help senior and disabled persons obtain assistance with small but important health and safety repairs. Eligible repairs include, but are not limited to such jobs as:

Plumbing: Leaking, broken, non-operating sinks, toilets, faucets, garbage disposals and water heaters.
Small Electrical Hazards: Lights, outlets, and switches.
Weatherization: Weather stripping, caulking around doors and windows.
Maintenance Repairs: Evaporative coolers, furnaces, roofing, gutters, steps, railings and hazardous trees.
Correcting Trip Hazards.
Installation of Grab bars
Smoke Detector Repair or Replacement.
Health and Safety Hazards.

If you are in need of a program like this contact the City of Oroville
Phone: 530.538.2495
Fax: 530.538.2539
Email: housing@cityoforoville.org

Best Realty's Lake Oroville Real Estate Blog » Add new tag

You’ve Decided to Buy a House, Now What? Part lll

Oroville Emergency Home Repair Grant