First Time Homebuyer
The first thing to do when you're going to buy your first home is to go right ahead and be pre qualified for a loan. In order to do this you need to sit down with your lender and learn about the different types of loans. Together you and your lender can come up with the best loan for you. The main three are FHA, VA, and Conventional loans. FHA loans limit you to an $118,750.00 buying power. But, the bank is more lenient on slow credit and you can use 100% gift funds. VA loans are strictly for military veterans. Conventional loans give you a 240,000.00 limit. But, the buyer must have 5% of the sales price. To apply for a loan there is a list of things that you will need. You will need to bring W-2’s for the past two years. If you are self-employed then you will bring complete tax returns. You also need your most recent pay stubs covering the last 30 days along with your last 3 months bank statements of all checking, savings, and asset accounts. Other than that you need the name and account numbers of all creditors, certificate of eligibility (if you are applying for a VA loan), and Landlords name, address and telephone number. When all that is done, it is now time to start looking for a real estate agent to help you along your way.
Picking the right agent is something that you really need. If you end up with a lousy agent, you might be doing all the agents work. Choosing a good agent could make buying your first home the pleasant experience that it should be. You should interview at least 3 agents if you don’t already know someone who has the experience. You should ask them questions about their status as an agent. Meaning, are they licensed Realtors. This is something important about an agent. Agent’s who are realtors have a number of advantages such as being able to use a Multiple Listing Service. Multiple Listing Services are cooperative information networks of realtors that provide descriptions of most of the houses for sale in a particular region. Another good question to ask is whether or not the being a real estate agent is their full-time career. You don’t want someone who can only be “tuned in” for half the time. The other thing that is a good idea to discus would be the party that the agent is representing. Let the agent explain the laws of agency in your particular area. The law of Louisiana presumes that th...
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...iven it to the seller’s agent, they have the right to come back with a counter offer to the agreement. On line 128 of the purchase agreement it says, “The offer to purchase is acceptable, provided the purchaser agrees to the following changes.” This is where the seller is able to make amendments to the buyers offer. After the seller has made the counter offer and the buyer has accepted, we prepare to close the transaction.
Now is the time to apply for a loan if you haven’t already done so, while the closing attorney receives the purchase agreement for pre-closing processing. The lender orders the appraisal of the house to see if it is worth what you are willing to pay. If so, the loan package is prepared and approved. The title company then sets up the closing and notifies each party (buyer and seller) where their money is going. An abstract is ordered to make sure the buyer receives clear title to the property, and the loan paperwork is prepared. A closing date is set and everyone arrives on that specified time to sign all paperwork. The title Co takes all the paperwork that has been signed to the courthouse to be filed. The New owner can now take possession of the property.
This case study examines various real estate contracts – the Real Estate Purchase Contract (REPC) and two addendums labeled Addendum No. 1 and Addendum No. 2 – pertaining to the sale of 1234 Cul-de-sac Lane in Orem, Utah. The buyers in this contract are 17 year old Jon D’Man and 21 year old Marsha Mello; the seller is Boren T. Deal. The first contract created was Jon and Marsha’s offer to purchase Boren’s house. This contract was created using the RESC form, which was likely provided by their real estate agent as it is the required form for real estate transactions according to Utah state law. The seller originally listed the house on a Multiple Listing Service (MLS); Jon and Marsha agreed that the asking price was too high for the neighborhood (although we are not given the actual listing price), and agreed to offer two-hundred and seven-thousand dollars ($207,000) and an Earnest Money Deposit of five-thousand dollars ($5,000). Additionally, the buyers requested that the seller pay 3% which includes the title insurance and property taxes. After the REPC form was drafted, the two addendums were created. Addendum No. 1 is from the seller back to the buyer, and Addendum No. 2 is the buyer’s counteroffer to the seller.
A growing number of studies have attempted to support the theory that cats and dogs differ in their personality attributes. Several common factors have emerged across these studies, such as difference among social behaviours. Higher levels of dominance and hostility have been reported among domestic cats (as cited in Fonberg, 1985). Not surprisingly, domesticated dogs are higher in submissive behaviours (as cited in Marder, 1989). Woodward et al. also reflect upon previously held theories of companion animal attachment that suggest attachment is mediated by the needs of the owner and the characteristics of their pet.
Although cats and dogs are both animals they are different in many ways from, showing love, grooming, vaccinations, food, and vet care. To me dogs are more loveable than cats. However, cats are cheaper when it comes to grooming, vaccinations, and food. Owners treat and take care of their dogs better than their cats. I have always been more of a dog person even though they are expensive.
Cats or dogs, the debate that has been argued ever since these two animals existed, which one is a better household pet. Dogs are considered to be man’s best friend while cats are independent but are a nice furry companion. The question is why is either one a better choice for a house pet? In this essay we will dive deep into the costs, the companionship, and the behavior associated with cats and dog, allowing you to make an informed decision on which pet is best for you.
This job position is needed in locations all around the world. To obtain a bachelor’s degree as a registered nurse takes four years. Over those four years, paying for college expenses can often become costly. However, the years of school gives reward nurses job security due to their high demand. There will be a variety of options and opportunities for employment, and nurses will not have to be in fear of finding a job or being laid off. As the Bureau of Labor Statistics states, “There were 2.7 million registered nurses employed in the U.S. in 2014. That number will grow to 3.19 million by 2024, according to projections” (“Registered Nurse-A Career Guide bls.gov). Those numbers allow society to see the growth in the nursing industry. Because nursing is a job in high demand, it will only continue to grow. In addition to job security, a good salary is another advantage to being a registered
An offer continues in existence, capable of acceptance until it is brought to an end.
The first step to buying your home is assessing your financial situation. A person must evaluate how much exactly they can afford and borrow. Most people hire a real estate agent to find a home. A real estate agent can help in finding different homes that suit the person’s needs. At the Department of Housing and Urban Development’s website, “You'll want to start searching for a broker as soon as you decide to buy a home. Talk to several and find someone you think you'll be comfortable working closely with”(1) Having a wide range of options is always helpful. An agent can also help in negotiating the price, and showing what the potential buyer needs after finding a home. A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone.
Dogs are way more comforting than cats, and they can get you more active at the same time. Dogs can be more comforting because they are excited to see you when you get home while cats are still mad you left them there. Many get you more active because most dog owners will walk their dog. They also know when you’re sad and try to comfort you, while cats don’t care if you’re happy or not. These ar...
During my life, I have had different pets ranging from cats and dogs to hamsters and a lizard. Being in the United States Army, having cats as pets is much easier to take care of as opposed to having a dog as a pet. There are many reasons as to how I came to this decision, but the deciding factors were based upon bathroom use, feeding, and the amount of attention and time that both cats and dogs require. While these factors are not all inclusive they are just the ones that had the most impact on my decision when picking a type of a pet. I am currently watching my Soldiers dog while he and his wife are on leave in the United States and this is reinforcing how much easier military life is with a cat rather than a dog.
Dogs are extremely lovable and the only thing in life that they want is to be loved by their owners. With dogs, everything in life revolves around love and affection. The only thing that is on a cats mind is food and what they
All states require students to graduate from an accredited nursing program and pass the national licensing exam. Register nurses can follow three educational paths: a bachelor’s of science in nursing (BSN), an associate’s degree in nursing (ADN) and a nursing diploma. BSNs typically take four years to complete, ADNs can take between 2-3 years, and diplomas are administered at hospitals and take about 3 years. Any of the programs will qualify you for an entry-level position but nurses with diplomas and ADN usually en...
Both dogs and cats are good for companionship, because they are both very sweet, loveable. However dogs have a much more need for attention, dogs constantly want to be played with, and sometime aggravate their owner until they get what they want. On the other hand, cats pretty much like to stay to themselves. Some cats may stay away during the day time and only come out at night. Dogs sleep pretty much at night while some cats are up all night.
Dogs and cats are the most popular pets in the whole world. Even though they’re both very popular, they are different in many ways. Some people gravitate towards the calmness of a cat, while others seek the companionship of a dog. Cats are a lot more independent and less expensive. Cats don’t require nor do they want to be trained to be a house pet. Dogs on the other hand are very loyal and will act as your best friend. Dogs require more attention and training to be a well behaved family member. The main differences between dogs and cats are their personalities, habits, and training, which all determine what pet to choose.
are very sedentary in their lifestyle, and can be as loyal as any dog without the requirements that are usually mandated by the dog. As we see, both cats and dogs are the most popular choice
The process of building a house is a very complex and difficult task. In the following paragraphs, I will be explaining the many different steps that are required to build a house.