EXIT Realty Partners: Your San Antonio Homes Experts

By EXIT Realty Partners www.930EXIT.com Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.  1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that ...

By EXIT Realty Partners www.930EXIT.com If the latest technology or entertainment options are important in your new home, add the following questions to your buyer’s checklist. 1. Are there enough jacks in every room for cable TV and high-speed Internet hookups? 2. Are there ample telephone extensions or jacks? 3. Is the home pre-wired ...

By EXIT Realty Partners www.930EXIT.com You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount ...

By EXIT Realty Partners www.930EXIT.com On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference. HUD-1 settlement statement. Itemizes all the costs — commissions, loan fees, points, and hazard insurance ...

By EXIT Realty Partners www.930EXIT.com Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive — and organized — its members are. You’ll also be alerted to potential problems with the property. 1. What percentage of units is owner-occupied? What percentage is ...

By EXIT Realty Partners www.930EXIT.com Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following: 1. Check for and correct any errors in your credit report. Mistakes happen, and you could ...

By EXIT Realty Partners www.930EXIT.com 1. Review the Comprehensive Loss Underwriting Exchange (CLUE) report on the property you’re interested in buying. CLUE reports detail the property’s claims history for the most recent five years, which insurers may use to deny coverage. Make the sale contingent on a home inspection to ensure that ...

By EXIT Realty Partners www.930EXIT.com The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works. Assume: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest) $2,700 = Property ...

By EXIT Realty Partners www.930EXIT.com 1. Develop a household budget. Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs such as ...

By EXIT Realty Partners www.930EXIT.com Brush up on these mortgage basics to help you determine the loan that will best suit your needs.  ·         Mortgage terms. Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. ...