Useful Real Estate Web Sites Here's a short list of some of the more useful real estate and real estate related sites on the web. When you click on any of the links below, you'll see the site you chose, along with a form at the bottom of your screen. Use it to get answers for any questions you might have about anything you find. Remember: It's our job to know more about real estate than any web site! State College Moving Companies
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GOVERNMENT REAL ESTATE RESOURCES
Try the US Census
Bureau,
FedStats.com, or the
Bureau of
Labor Statistics for useful information. The
HUD web
site is full of resources. Don't forget
Fannie
Mae,
Freddie Mac, or
Ginnie
Mae. Get home buying tips from the
Federal Consumer Information Center.
LOCAL INFO
Find your local
Chamber of Commerce or
State Government.
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Closing or Settlement >The Good Faith Estimate
When you buy a home, you will pay "closing costs" in addition to the down payment. These costs include the "points" you pay on your mortgage loan, title and hazard insurance, the title search, legal fees, and other charges imposed by the lender. These charges vary by state and county, but they usually represent a considerable amount of money.
Your real estate agent can tell you about the closing costs in your area. Ask your agent for some general figures when you begin your search for a new home, and use this information as a guideline. When you apply for your loan, the lender is required to provide you with a "good faith" estimate of the closing costs. The lender's good faith estimate is usually close to the actual amount, since the sales contract will have the price and terms of your new home spelled out. As the closing approaches, your real estate agent will give you a final figure for the check that you will bring to the closing table.
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What does "contingency" mean in real estate?
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| A |
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
 See More Real Estate Trivia > |
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