Boston Real Estate South http://boston-real-estate-south.com Real Estate in South Boston Wed, 27 Feb 2008 11:48:09 +0000 http://wordpress.org/?v=2.3.2 en Home Buying Process http://boston-real-estate-south.com/real-estate/home-buying-process/ http://boston-real-estate-south.com/real-estate/home-buying-process/#comments Wed, 27 Feb 2008 11:34:42 +0000 Admin http://boston-real-estate-south.com/real-estate/home-buying-process/ Buying a home can be a daunting process. You need to know all it entails for a great buy. You need not worry, our home buying process / flowchart will take your through.

Home Buying Process

A

Initial Consultation

- Agency Disclosure
- Overview of buying process
- Buyers needs and wants
- Financial qualifications

Representation Agreement

- Services and fees
- Client and agent obligations

Mortgage Application

- Select lender/mortgage
company
- Initiate application process
- Get pre-approval from
lender

Select Location

- Town profile
- School system
- Tax rate
- Growth rate
- Appreciation potential

Property Search

- Multiple Listings (MLS)
- For sale by owner
- New construction
- Auction/bank owned

B

Pre-offer Search

- Property Analysis
- Property history (list/sale)
- Zoning/deed restrictions
- Opinion of value

Offer Strategy

- Price and terms
- Contingencies

Offer Presentation

Offer Acceptance

- Binder deposit required

Home Inspections

- Analyze results
- Renegotiate if necessary

Schedule Appraisal

P & S Agreement

- Preparation
- Review by attorney
- Additional deposit
required


C

Finalize Mortgage Application

Loan Approval

- Obtain commitment letter
from lender
- Notify seller/seller’s agent

Work by Lender’s Attorney

- Title search
- Obtain municipal lien
certificate
- Assemble paperwork for
settlement

Coordinate Closing Details

Final Property Walk Thru

- Day of closing

Closing

- Sign documents

]]> http://boston-real-estate-south.com/real-estate/home-buying-process/feed/ Anatomy of a House http://boston-real-estate-south.com/real-estate/anatomy-of-a-house/ http://boston-real-estate-south.com/real-estate/anatomy-of-a-house/#comments Wed, 27 Feb 2008 11:23:59 +0000 Admin http://boston-real-estate-south.com/real-estate/anatomy-of-a-house/ We passionate about houses and housing here, so we thought of brining the anatomy of a house to you. The list is quite exhaustive, we hope you take your time and examine them. You may also check if your house has these components. Cheers.

anatomy01.jpg

1) Anchor Bolt
2) Ash Dump
3) Base
4) Base Mold
5) Base Shoe
6) Battens
7) Belt
8) Blinds or Shutters
9) Book Shelves
10) Box Sill
11) Boiler
12) Bracing
13) Brick
14) Bridging
15) Building Paper
16) Cased Opening
17) Ceiling Joists
18) Cellar Stair Post
19) Cellar Stair Treads & Risers
20) Cellar Stair Rail & Post
21) Cellar Sash
22) Cellar Sash Areaway
23) Cement Floor
24) Cement Stoop
25) Cement Porch Floor
26) Chimney Cap
27) Chimney Pots
28) Cinder Fill
29) Cleanout Door
30) Wood Partitions
(more…)

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