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One Little Know Proven method On the Best Ways To Buy A Home For Less We continued to receive the construction only bills each month with the interest rate still at twelve percent. That amounted to nothing more than a "rent payment" of around a thousand dollars a month. By the middle of March I called the salesman and asked when our payments would be lowered to the six percent rate. He explained that we would have to go to another closing in a few weeks. This was the first time we were given this information. While it's nice to think that you can handle things on your own, selling a home takes specialized knowledge. It's more than just writing up a sales agreement. Depending on what part of the country you're in you'll either need to find http://www.kiwibox.com/BorkBork80/blog/entry/138583315/4-ways-a-real-attorny-will-conserve-you-money/?pPage=0 or a title / escrow company to help with the legal details. As a rule of thumb, if you're east of the Mississippi it's usually a real estate attorney. If you're west of the Mississippi, it's a title company. Either way they'll be an indispensable part of your home selling process. Another important partner to consider is a reputable mortgage banker/lender. They can assist in helping you prequalify buyer prospects. We'll talk more about qualifying prospects as you read on. Purchasing a home with a "clouded" title can be both financially and emotionally draining. Learning after the fact the previous owner still owed contractors money for the finished basement on your property which is now a lien against your property causes a lot of grief. Your real estate agent will help you purchase title insurance and make sure the title to the property is free and clear. The title company can also be the appointed closing agent. As a closing agent, their representative would be in charge of the preparation of the HUD-1 settlement form. jacksonville search engine optimizationThey will also be in-charge of collection of all legal documents and have them recorded to become official. But before that, they ensure that all documents would be signed by right person. Data from various sources reveals that only about 10 percent of the homeowners who decide to sell their property on their own are able to do so successfully. Moreover, on an average, an individual seller who has not employed any real property agent is able to sell the property in a period of nine months. Of course, the figures may be a little different in few states where real estate investors are more active. Thus, 90 percent property owners, who are all on their own, and may be in nine months, either have to entail the services of real property agents or sell the property at much lower cost than the original valuation. And even if you are able to sell it, you usually end up getting a sore deal, unless you know the buyer directly for a long time. The chances however are slim.