When Buying Realty in Humboldt

Buying a home is an amazing time in each one of our lives. Making the move of finding a REALTOR® is the first step to make sure your new home and community meets your needs. Our services and experience go from financial aid advice to helping you find the home that best suits you and your family.

 

 

As Your Agent, We Will:

  • Guide you through the entire home buying process.

  • Ensure that you see all the properties in the area that meet your requirements.

  • Make sure you don't pay too much for your new home and help you avoid costly mistakes.

  • Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more

 

Closing Costs to Expect

  • Third-party fees include charges for insurance, title search, and other inspections such as termites.

  • Lender Fees include charges for loan processing, underwriting, preparation and establishing an escrow account.

  • Government fees include deed recording and state & local mortgage taxes.

  • Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.

 

More Information for Buyers:

  • Owners reap the costs and rewards of their own behavior. Those who maintain a house well or make improvements to it will be rewarded when it’s time to sell. That gives both owners and neighbors a strong incentive to invest in their homes, according to a report from the Federal Reserve Bank of Philadelphia. Landlords reap the cost and rewards of tenant behavior in a rental unit.

  • The first $250,000 to $500,000 in capital gains from the sale of an owner-occupied home is excluded from taxation. Owners also are able to deduct local and state property taxes. There are very few comparable tax breaks for renters, and the few that exist are mostly restricted to low-income families.

  • More and more corporations are eliminating pension funds and shifting the burden of retirement saving to employees through 401(k) plans, which carry a degree of risk. Those who own their homes outright are in a much better position to stretch a fixed income in their retirement years.