Home Buying 101: Types Of Sellers
Figure out your needs
Monthly cost of owning a home
Ideal Neighborhood
Financing Your Purchase
The FHA Mortgage
The Conventional Mortgage
The Adjustable Rate Mortgage
Department Of Veterans Affairs Mortgage
Pre-Qualified vs Pre-ApprovalPhase 2: Looking
Looking at homes
Types of homes
Single Family Homes
Town Homes
Condominium
Twin Homes
Multi-Family Homes
Traditional
Short Sale
Foreclosed
Researching A Home’s Public Information
Phase 3: Buying
Making an offer that counts
The Purchase Agreement
Buyer Letter to Seller
Inspections: Why get one?
Radon Testing
Sewer Line Scope Inspection
Fireplace Chimney Inspection
Mechanicals
Phase 4: Closing
Closing Costs Explained
Title Work
Appraisals
Underwriting
Utility Bills
Preparing for the Closing
The Closing
Introduction to Types of Sellers
There are 3 types of home sellers in our industry right now. These are: a “traditional seller,” a “short seller,” and a “foreclosed sale.” Each has its own pros and cons. You can read more about each one in the links below. The bottom line is that a traditional seller is a person or couple who are selling a home. A foreclosed home is a bank that has taken possession of a home and the bank is selling the home. A short sale is a traditional seller that cannot pay off their mortgage. Read more about each on the links below:
