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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

If you are unsure of who you wish to complete your home inspection, your realtor will be able to guide you through the process of choosing a reliable inspector. This is a task that your realtor can be present for on your behalf. If you have an inspector that you are familiar with, you may choose to work with them.

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12 Hidden Costs When Buying a House

Raleigh Realty

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. You do not pay your Realtor as a buyer. This is how Realtors get paid. Property Taxes In the state of North Carolina, there is no statewide property tax.

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The Complete Guide to Buying a Home After College

Raleigh Realty

And for one more benefit, you can deduct your property taxes. Conventional loans are insured by private lenders. The catch is that you will need to pay private mortgage insurance if you put down less than 20. Unconventional loans are insured by the federal government. You'll need a credit score of at least 620.

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How to Buy a Home as a Single Mom or Dad

Raleigh Realty

This will give you and your realtor a more concrete idea of the price range that you are going to stick to once you hit the pavement to look for your new home. Some of the benefits include low down payments (usually around 3.5), low monthly mortgage insurance rates, and flexible credit score requirements. USDA Loans- The U.S