It's easy to get caught up in the excitement of a home purchase. After months of searching (and perhaps a few disappointments), your offer was accepted and your lending is about to be approved. Your financial obligations don't end with the down payment and a loan approval, however. If you don't take buyer closing costs into consideration, you could end up delaying the closing and the entire deal could fall apart.
Real estate issues can provide plenty of opportunities for making mistakes and general confusion. If you are first-time home-buyer, it can seem like you've entered a whole new world of strange terms and complex financial formulas. Rest easy and read the below information that might help clear up some of your more pressing questions.
What Is the MLS?
Agents use the multiple listing service (MLS) as a resource for all properties that are in any stage of existence.
When it comes to investing in residential real estate, there are a variety of things to consider. The options are endless when it comes to residential properties. Properties range from low-end to upscale. There are also different types of residential properties including condos, townhouses, single family homes, duplexes, and more. While many seek to fill their real estate portfolios with high-end or upscale real estate, there are many benefits to investing in low-income housing.