Sam Switzer Realty
322 Clinton Street | Defiance, OH 43512 Phone: (419) 782-4116 | Fax: (419) 782-6658
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS
Your financial situation determines the amount of payment your income can support. Your financial institution can help determine the exact amount of loan you can carry and pre-qualify your for a loan.
Your lending institution will need:
1. A copy of your driver's license and social security number
2. Past 2 years history of employment
3. Past 2 years W-2 forms.
4. Most recent pay stubs (30 day period)
5. Verification of other income (child support, social security, retirement, etc)
6. Names, addresses, account numbers and approximate account balances
7. Most current 3 months bank statements and/or investment statements
8. Make, model and value of automobiles, boats, etc
9. Credit card statements, account numbers, balances
10. Installment loans account numbers, balances, monthly payments
11. Mortgage loans account numbers, balances, monthly payments
12. Landlord information-name and addresses of all landlords for the past 2 years
13. Bankruptcy discharge, letter of explanation, schedule of creditors
14. Divorce decrees if applicable
A short sale is a sale of real estate in which the sale proceeds fall short of the amount owed. This usually occurs when the owner cannot pay the mortgage loan on their property and the lender agrees to sell allow the sale at a loss rather than foreclosing. Both seller and lender consent to the short sale process. This agreement, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan.
Most bank owned properties will require that you sign documents stating that you agree to purchase the property "as is." This is due to the bank has never occupied the property and may not be aware of potential problems nor will they be held liable for potential problems. Therefore you purchase the property "as is"
A home inspection is typically performed by a licensed home inspector after a purchase contract has been signed by both buyer and seller. The inspector most generally is representing the buyer to search for any possible defects in the home.
Yes. Buying a home can be one of the largest purchases that you will ever make and repairs can amount to thousands of dollars. A licensed home inspector will check on pluming, electrical, roof and other complex systems that can be expensive to fix
Your Sam Switzer Realty agent can give you contact information regarding numerous local home inspectors.
Closing costs are the fees for services, taxes, or other charges that involve purchasing a home. These may include loan points, title insurance, appraisal fees, prepaid interest, taxes, insurance and document fees.