Jinxin Real Estate: Investigation reveals five secrets of buying a house

Jinxin Real Estate: Investigation reveals five secrets of buying a house Nowadays, home buyers want to know the real situation of the real estate market clearly, but there are some problems after buying...

Jinxin Real Estate: Investigation reveals five secrets of buying a house Today's homebuyers want a clear picture of what's going on in the real estate market, but there are some issues that still confuse buyers during the buying process, according to a new Zillow survey of 1,000 potential homebuyers. The investigation revealed the following five secrets. 1 Appreciation: 42% of home buyers believe that the value of the house will appreciate by 7% per year. In fact, the value of the house will appreciate by 2-5% per year under ordinary market conditions. 2 Mortgage Insurance 41% of buyers feel they have to purchase mortgage insurance regardless of the size of their down payment. In fact, only buyers with a down payment of less than 20% are required to purchase personal mortgage insurance. 3 Home Appraisal 56% of buyers said the purpose of a home appraisal is to see if the home they are buying is in good condition. In fact, this is just one purpose of house appraisal. There is also a more important purpose to evaluate whether the transaction price is in line with the current market value. The transaction price of the house is higher than the market value of the house itself, and the buyer can withdraw from the transaction. 4. Homeowner’s Insurance: 37% of buyers think that purchasing homeowners insurance is an option, but in fact, the mortgage company requires homeowners to purchase homeowners insurance. 5 Ownership 47% of buyers believe they own the home after signing the purchase contract. In fact, signing the purchase contract is just the beginning of this change of ownership, and it will take some time until the buyer actually takes ownership. For more real estate information, please contact Tinna (480) 287-0180 E-mail: goldtrustrealty2010@gmail.com