23 Oct 2024
By RESCO Realty

Essential Final Verifications Before Closing The Mortgage On Your New Home

Real Estate, ,
As you approach the final stages of securing your mortgage, it’s crucial to understand the various verifications that lenders perform to ensure they’re making a sound investment. Just as you confirm the condition of your future home through a property inspection, lenders also conduct thorough checks before finalizing your mortgage. These steps are designed to protect both you and the lender, and while they may add to your closing costs, they play a vital role in a smooth transaction. Key Final Verifications Property Appraisal One of the first steps in this final verification process is the property appraisal. This independent…
Read More
01 Oct 2024
By RESCO Realty

How to Find Out If Your Dream Neighborhood Is In a Buyer’s Market?

Real Estate, ,
When you're searching for a home, knowing the state of the local market is essential. Whether it's a buyer's or seller's market can influence everything from price negotiations to how quickly homes sell. So, how can you tell if your dream neighborhood is favoring buyers? Here are some useful tips to help you gauge the market: 1. Check Housing Inventory High Inventory: A large number of homes for sale often indicates a buyer’s market. With more choices, sellers may be more open to negotiations. Low Inventory: Fewer available homes suggest a seller’s market, where demand is high and buyers face…
Read More
24 Sep 2024
By RESCO Realty

3 Considerations When Making A Down Payment

Real Estate, ,
When considering the journey of purchasing a new home, one of the fundamental decisions you'll encounter revolves around determining the appropriate amount of money to allocate for your down payment. It's a decision-making process that involves weighing the benefits of opting for a larger down payment against the potential advantages of utilizing some of those funds to purchase "discount points," thereby reducing your interest rate. Each option carries its own set of merits and demerits, and the optimal choice for you hinges on a careful examination of your unique financial circumstances and objectives. Here's a more detailed exploration of the factors…
Read More