HomeLight

JUNE 19, 2023

In addition, you’ll want to have any inspections , appraisals , and testing done prior to signing the contract. Pay down credit card debt (to get your debt-to-income ratio below 43% ). Header Image Source: (Pixabay / Pexels) All product names, logos, and brands are property of their respective owners.

Purchase and sale agreement 105

Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 105

HomeLight

JANUARY 31, 2022

Therefore, hiring a professional for a home inspection is important. A professional inspection can help you avoid costly repairs later. You can help yourself avoid buyer’s remorse that’s based on unplanned maintenance and repairs by getting a home inspection as a preventive measure. Source: (Priscilla Du Preez / Unsplash).

Debt-to-income ratio 105

Debt-to-income ratio Inspection Loans Mortgages 105

HomeLight

SEPTEMBER 8, 2020

They fell in love with a home and rushed into buying, heedless of whether it was outside of their price range or maybe ignoring issues found during the inspection. You aren’t allowed to inspect the property beforehand. Even a brand new home is likely to have at least one issue in need of resolving.

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

Redfin

FEBRUARY 24, 2025

Home inspection: Conducting a thorough inspection is essential to identify potential issues with the property. The cost for a standard home inspection ranges from $250 to $700, depending on location and the home’s size. For a median-priced home, this translates to approximately $8,384 to $20,960. through 2025.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Renovation 31

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. Keep in mind that each lender will have different qualification requirements, such as a minimum credit score , debt-to-income ratio, proof of income, and employment history.

New Construction 105

New Construction Construction Inspection Pre-approval 105

HomeLight

JUNE 13, 2022

Typically, lenders will want to see at least two years in the same career (and preferably at the same company), so if you’re embarking on a brand-new career path, it might be more difficult to qualify for a loan temporarily. You’re trying to pay off debt. Get an inspection. Negotiate price and terms again, if needed.

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116