What are the Financial Details I Should
Think About when Buying a Home?
For many people, figuring out the financial aspects of buying a house is the most difficult part. These questions will help you make sense of it:
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Is the asking price comparable to other houses in the neighborhood? Higher or lower? However, when carefully comparing properties, be sure to take into account the unique features and improvements that vary house-to-house. Our Agent will provide you with a Comparative Market Analysis (CMA) of the house to help you determine if it is priced right.
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Is the existing mortgage assumable? Required down payment amount? What financing method is acceptable to the seller?
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What are the annual property taxes? Will the taxes increase with the transfer of deed and a new market price? Are there any local bonds or assessments?