Posts Tagged with realtor
Before you start searching for your dream home, you should become familiar with the ABC's of real estate.
If PMI, Buy-down, HOA, discount points, PITI, HUD-1, MLS, DOM, escrow, and underwriter leave you feeling like you are playing scrabble, you are not alone. Let me help you make sense of the acronyms.
Many first time home buyers need the assistance of a good real estate agent who can explain the real estate terminology and home buying process in a way that is easily understandable. By educating buyers they become empowered to make informed decisions.
I am that type of real estate agent. I feel it is my duty as your buyer's agent to fully educate you as we walk together down the road to obtaining the keys to your dream home.
Buying your first home should be a fun and exciting time in your life. The first step to being an informed buyer is to understand the terminology you will be hearing throughout the process. I am including what I call my First Time Home Buyers ABC's. These terms will be used in the contract you will enter into when purchasing a home in the State of Virginia.Appraisal - a witten estimate reflecting the value of real property Broker - Most Realtors are "agents" who work under a "broker." A broker is one who acts as an agent, bringing two parties together for a transaction and is paid a fee. Contingency - A condition that must be met before a contract becomes legal. Deed of trust - In states that do not record mortgages, a deed of trust is recorded. Escrow - Your earnest money deposit will be put into an escrow account and will be delivered to the seller when the transaction is complete. Fixtures - Personal property that becomes real property when permanently attached to real estate.
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Do you need help with finding a home? Do you have a question?
Full-Time REALTOR® with ExitChoice Realty
14067 Crown Court
Woodbridge, VA 22193
Alicia cell 703-232-5766
I provide residential real estate services as a Buyer's Agent in the following areas in
Fort Belvoir, Quantico, Lorton, Alexandria, Kingstowne, Woodbridge, Manassas, Dumfries, Stafford, Occoquan, and Dale City
If you are relocating to the Northern Virginia area, I can help you find a home.
Find out what's for sale Right now in Woodbridge Virginia Click here
Note: This real estate blog is written by Alicia Utz, REALTOR® and is my opinion and may not be the opinion of Exit Choice Realty located in Woodbridge, Virginia.
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