Below are some Frequently Asked Questions - FAQ but first think on this. Have you ever wondered how different things might have been if you had the real estate knowledge you have now when making past decisions? Reflecting on those moments can offer valuable insights and guide your future choices. Every experience shapes us, but recognizing how we could have approached things differently empowers us to make smarter decisions going forward.
How do we empower Consumers?
By providing valuable information and resources that may not be easily accessible in your daily life. Empowerment is just a click away, whether you choose to view a session or connecting with a industry professional.
Take a look at the announcement for Empowering Consumers in Real Estate.
I am at risk of losing my home. What steps can I take?
If you are at risk of losing your home, it is important to take action right away. The sooner you address the situation, the more options you may have to protect your property and financial stability. We are here to guide you in the right direction and connect you with trusted professionals who specialize in helping homeowners navigate these challenges. You do not have to face this alone. Support and resources are available. Connect with us today to explore possible options.
What is the difference between down payment and cash to close when buying a home?
Down payment is the portion of the home’s price you pay upfront. Cash to close includes down payment plus closing costs, taxes, insurances, and other fees. It is the total amount required to bring to closing day to complete the purchase.
Do I need a real estate agent to sell or purchase a home?
Great question! While you are not legally required to use a real estate agent to buy or sell a home, having one can be extremely valuable. An experienced agent can help you set the right price, navigate offers and negotiations, handle required disclosures and avoid costly mistakes throughout the process. I would be happy to connect you with a trusted real estate professional for you to interview to assist in guiding you through the process.
Can I remove or add someone to my deed?
Every real estate situation is unique and the best course of action often depends on your specific circumstances. A real estate attorney can provide a personalized guidance to ensure your rights are protected and make an informed decision. I would be happy to connect you with a trusted professional who can walk you through the process and provide further clarity.
Can I buy a home with bad credit and no credit history?
Yes! While it may be more challenging, there are loan programs available for buyers with low or no credit history. Each lender and mortgage broker has different requirements, so being declined by one doesn’t necessarily mean you will not qualify elsewhere. With the right guidance, you may still find a program that works for you. I would be happy to connect you with a trusted professional who can help explore your options.
Can I be fined for violations to my property if I am not in a HOA?
Yes, even if your property is not part of an HOA, you are still required to follow local city and county laws, zoning regulations and building codes. Failing to comply with these rules can result in fines, penalties, or even legal action. It is always a good idea to check with your local government before making major changes to your property.
What happens if I do not pay my property taxes?
When property taxes go unpaid, the balance can quickly grow with added penalties and interest. Over time, your local government may place a tax lien on the property, which gives them a legal claim until the debt is resolved. In more severe cases, continued nonpayment can even lead to foreclosure and loss of property. I would be happy to connect you with a trusted professional who can help you explore your options in protecting your home.
If my house is paid off, do I still need homeowners insurance?
Homeowner’s insurance provides financial protection for both you and your lender while a mortgage is active, covering damage from events like fire, storms or theft depending on you policy coverage. Once your loan is paid off, insurance is no longer required but maintaining coverage is still highly recommend. It safeguards your investment by protecting your home and belongings from unexpected accidents, natural disasters and liability claims based on your policy guidelines. I would be happy to connect you with a trusted professional who can help explore your options in protecting your home.
Is it sufficient to only have a notary, in the State of Maryland, to handle my buyer loan closing package or seller document package if the property is located in Maryland or out of state?
This assumption is inaccurate. In the State of Maryland, whether the property is in state or out of state, you must be a TIPIC to facilitate real estate documents.
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