It's All Worth It!: 5 Sunny Real Estate Markets To Watch in 2011

Here are five markets to watch in the coming year. Given that they were among the hardest hit, they could see quicker recoveries that also build steam in the next couple of years. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/28/investopedia49306.DTL#ixzz19juJdWLg

Real Estate Tips

Costs of the Home Buying Process
When buying a home, the price of the home should not exceed more than 2.5% of your annual gross income. Costs of the home buying process are typically around 7% of the purchase price of the home. Those costs usually include the following minimum items:
Down Payment – usually a minimum of 3 to 5% of the purchase price
Closing Costs are usually around 3% of the purchase price of the home, which include but are not limited to the following fees: appraisal fee, credit check fee, title insurance fee, escrow fee, document preparations fees, government fees, loan origination fees, discount fees, application or underwriting fees, flood zone fees, prorated insurance and property taxes, administrative fees and in some states an attorney fee
Professional Home Inspection Fee (varies depending on size of the home)
Homeowner Association Fee (varies)
Repairs or Upgrade Fees (varies by needed repairs or appliances and any desirable upgrades)
Moving Van Rental Fees and Boxes (varies)

It's All Worth It!

Friday, December 31, 2010

5 Sunny Real Estate Markets To Watch in 2011

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