Blog – Page 569 of 607

10 Jul 2018

Home Buying: Repair Requests After A Home Inspection

Real EstateHome Inspection, Home Repairs, Real Estate

The perfect home has been found, the one in the right neighborhood with the right amount of bedrooms and bathrooms. The home inspection is complete, but a few issues have been found. At this point, a home buyer has decisions to make. What Repair Requests Can Be Made After a Home Inspection? Structural defects found during a home inspection are the responsibility of the seller and must be fixed. In addition, Realtor.com states that the following must also be repaired by the seller: Water penetration such as mold or wet basement/crawlspace Any code and safety violations like unstable decking or…

What’s Ahead For Mortgage Rates This Week – July 9th, 2018

Financial ReportsFinancial Reports, Interest Rates, Mortgage Rates

Last week's economic releases included monthly readings on construction spending, public and private sector job growth and June's national unemployment rate. Weekly readings included Freddie Mac mortgage rates and new jobless claims. Construction Spending Rises in May According to the Commerce, construction spending rose 0.40 percent in May; public sector construction spending rose 0.70 percent and private sector spending rose by 0.30 percent. Residential construction rose by o.80 percent, which analysts regarded as a good sign for the economy. Building more homes has long been identified as the only solution for persistent housing shortages that cause high demand for homes…

Surprising Things That Can Derail A Closing

Real EstateClosing, Financing, Real Estate

Once you and the seller have negotiated an offer and you've been pre-approved for a mortgage, you might think that you are in the clear as far as your closing goes. However, that is not always the case. Many surprising things can put a halt to closing. Some may ultimately stop the closing altogether while others could simply cause a delay. Here are a few unexpected things that can derail a real estate closing: A Job Promotion While you might know that changing employers is one way to interfere with the closing, another deal-breaker can be switching positions with your current employer.…