May 2013 Houston and National Housing Market Trends
This month's featured video discusses buyers potential closing costs. The final step of any real estate transaction is the closing. During the closing all funds are accounted for and distributed. It is during the final accounting process that the buyer learns what the ultimate costs and expenses will be. At some point prior to the closing the buyer will receive a HUD 1 – Form also known as a closing statement.
This form will identify the buyer and sellers responsibilities and distribution of funds. A list of buyers fees may include, lenders points, loan application fees, cost of credit report, attorney’s fees, escrow taxes and insurance, and title insurance just to name a few. Depending on the location, type of property being purchased and other factors the fees may or may not apply.
All of your particular closing costs will be itemized on your closing statement. While it can feel like they are quickly adding up the closing costs are a routine part of they buying process and many of the fees paid actually help protect your investment and insure your interests are represented.
There is a lot to know about owning a home but remember a realtor is always your best source of information for all your real estate needs.
If you have not reviewed my monthly Housing Trends Newsletter - you could be missing out. Everywhere I go, people are asking me about the housing market conditions - it's on everyone's mind. Staying abreast of local and national market conditions and factors that can affect the future sale or purchase of your home can make the decision process less daunting. I always tell my clients that in order to make the best decision they need to have all the information they can upfront. My Housing Trends Newsletter is just one of the tools in my arsenal to make sure you keep informed.
The May 2013 Local and National Housing Trends has just been released. This month's newsletter is packed full of local and national housing market statistics and news you need to know to stay current with today's changing housing market.
This month's housing trends issue features:
Storm Shelters in High Demand After Tornados
10 Things to Consider Before Making an Offer on a Home
Landscaping Can Impact Home Values
Moving Tips To Help Your Child Through The Big Move
Deck and Patio Lighting Ideas that Add Livability
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If you are considering selling your house or buying a home and need more information, I am never too busy to help, please contact me for more information.