Detroit, MI – Michigan based
real estate company Conquest Real Estate reveals helpful costing guidelines
to aid first time home
buyer Detroit MI. Acquiring a home, especially for beginners, is always
overwhelming, says Conquest. The fresh
start of having their own place in the world, along with notions of how to
survive the living costs with their financial means usually invites a mixture
of fear and excitement for home buyers.
It is immensely important therefore, to be prepared when deciding to buy
a home. Having everything checked, and cross-checked, is certainly helpful.
It All Starts With Affordability
Conquest Real
Estate shares that buying a home starts with the knowledge of what kind of
house is affordable for each home buyer. A good real estate agent asks this
quickly to have a better understanding of what potential property this
particular user can purchase. Being pre-approved for a loan will greatly help a
buyer know which homes he or she can buy—and which houses are nice but too
expensive.
A first time home buyer Detroit MI
should know how much they are willing to pay for every month for their
mortgage. Credit rating plays a big role to determine this monthly mortgage
payment.
Prepare for Additional Expenses
Other charges
included in buying a home are the down payment, where the home buyer is
required to provide 5-20% for the closing deal. Mortgage insurance will also be
included in the expense, where high ratio mortgages are suggested to pay 20% of
an additional charge, which is applied above the mortgage itself.
Home buyers
should also prepare for legal fees ranging from $500-$1000, which include the
title search don by the lawyer. Land Transfer Tax, home inspection
fees, appraisal, and moving costs are also among the expenses, which the first
time home buyer Detroit MI should allot money to cover.
Buying a home is
a big financial decision that needs the advice of an expert. For home buyers
within Southeast Michigan, having a real estate agent within the state is a
must. Contact Conquest Real Estate in their Trulia profile, http://www.trulia.com/profile/Conquestrealestate.
About Conquest
Real Estate Group: The
Conquest Real Estate Group helps people looking to purchase real estate within
the City of Detroit and the surrounding Metro Detroit suburbs. The group helps first time home buyers and
experienced real estate investors.
Currently, they provide service for real estate properties in Detroit,
Southfield, Lathrup Village, Oak Park MI, Farmington Hills, Livonia, Redford,
Eastpointe, Harper Woods, and Warren MI.
Conquest Real Estate
has different divisions, which helps investors with the entire real estate
investing process, including identifying investment properties, rehabbing
properties, marketing and tenant placement, and property management. They have people who understand the entire
local Section 8 process, including helping real estate investors pass their
Section 8 property inspection and selecting the right tenants with Section 8
payment vouchers.
You can learn
more about them by visiting their website at http://www.ConquestRealEstateGroup.com
or calling them at (248) 809-4372.
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Contact Information:
Nakia Muhammad
Conquest Real Estate
(248) 809-4372
Southfield, Michigan 48075
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