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First-Time Home Buyer active and wondering about closing costs? A home buyer active in the communities of Eagle Rock, Glassell Park, Mt. Washington, Highland Park, Mt. Washington, Silver Lake, Atwater Village, Echo Park must be prepared. A request will take place that the funds for the down payment and closing costs must be identified as to where it is coming from. It is now pretty standard in every escrow that the source of the money but me verified in writing for the lender. Just another reason that a savvy Realtor is needed if active in today’s real estate market.
The N.E.L.A communities have good sales activity as we move from mid-year real estate transactions. Moving forward it is seen in my Northeast Los Angeles transactions that home buyers appear ill-prepared to take deal with the lender and approval process. The first-time home buyer should have all liquid funds in one bank to simplify the process with the lender is always a good position to be in.
One good factor that has assisted home buyers is the fact that the lenders appraisals are running in a good time frame as reported in Northeast Los Angeles Real Estate data.
Let’s get together at one of the local coffee houses and discuss the market in your selected neighborhood. A home buyer today will benefit from the value brought as a local resident Realtor. Contact me now and we can arrange a leisurely chat at your convenience. Remember that now is an ideal time to make that offer as we settle the current budget crisis. Click here to easily contact me.
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