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Deciding on Your Starter Home: 5 Key Factors to Consider

Eppraisal

Consider proximity to work, schools, amenities, and public transportation. Beyond the purchase price, factor in additional expenses like property taxes, insurance, maintenance, and utilities. Opting for a mortgage pre-approval can streamline the home-buying process and help you understand your borrowing capacity.

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How to Find the Best Neighborhood for Your Lifestyle and Budget

Lamacchia Realty

Consider not just the rent or mortgage but also utilities, property taxes, maintenance costs, and, if applicable, HOA/condo fees. Property taxes can also vary significantly between neighborhoods, so be diligent and research these rates. Assessing your finances is a pragmatic step in the process.

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What’s the Cost of Living in Raleigh, North Carolina?

Raleigh Realty

Table of Contents: Cost of Living in Raleigh Income Housing costs Utilities Food Healthcare Transportation Taxes FAQ Cost of Living in Raleigh The cost of living in Raleigh is less than the national average. Costs for goods and services are generally below average rates, in addition to lower tax rates. Income tax rate 4.99 13.3

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Renovation loan assessments.

Appraisal 105
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Florida Homeowners: What to Expect When You Live in a Tourist Hotspot

Lamacchia Realty

Homes in tourist areas often see higher property values due to constant demand, which can mean a good return on investment if you ever decide to sell your home. Many homeowners take advantage of peak tourist seasons by renting out their properties, which can cover mortgage payments or fund upgrades.

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Can You Get a Mortgage for a Tiny Home?

Assurance Financial

However, tiny houses can come with big challenges for financing since their small size makes them ineligible for many mortgage and insurance plans. From finding the right mortgage to finding a legal place to store your home, you must understand the unique financial demands of a tiny house and prepare for challenges ahead of time.

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What’s Included in Closing Costs?

PennyMac

Getting a mortgage isn’t free, and closing on a house isn’t free. At the most basic level, your closing costs are any costs or fees that go over the price for the property you’re purchasing. More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home.