RES Luxury Group

Understanding Loan Information: What You Need to Know by Ruth Squires - RES Luxury Group of EXP Realty Are you planning to finance a home but unsure about the loan process? Many buyers are unaware of the money needed to buy a house or the different types of lenders available. In addition, terms like PMI (Private Mortgage Insurance) can be confusing. In this article, I'll break down these important loan details to help you navigate your options. How Much Money Do You Need to Buy a House? When it comes to buying a house, the amount of money needed varies based on individual circumstances. Here are some key financial aspects to consider: Earnest Money Deposit When you make an offer to purchase a property, it's customary to provide an earnest money deposit. This deposit, usually around 2% of the purchase price, demonstrates your interest and commitment to the seller. However, the deposit amount can range from $500 to $50,000 depending on your situation. Home Inspections

4 Costly Mistakes to Avoid When Buying a New Build Home 4 Costly Mistakes to Avoid When Buying a New Build Home By Ruth Squires Welcome to RES Luxury Group! We want to ensure that you make informed decisions when purchasing a new construction home. Our team is here to guide you through the process and provide you with white glove service and red carpet treatment. When it comes to buying a new build, there are four costly mistakes that you should avoid: 1. Understanding the Builder's Contract Many builders have their own contracts for purchasing new build homes. These contracts differ from standard real estate contracts, so it's crucial to thoroughly read and understand them. If you're unsure about any terms or have questions, consult a trusted attorney who specializes in real estate. Our team can connect you with real estate attorneys who can assist you. 2. Knowing the Difference Between a Spec Home and a Custom Home A spec

R.E.S. Luxury Group Monthly Gatherings R.E.S. Luxury Group Monthly Gatherings Hey, R.E.S. Luxury Group friends and family. Ruth Squires here, and I'm excited to announce a new series of activities that we are going to be hosting. We are capping off 2023. It's August already. I can't believe there's so few months left of the year, and we want to make this year go out with a bang. We thought it would be fun to host monthly gatherings where we all get together, we just enjoy each other's company, and have a good time. So the first of the series is going to be this month, August 23rd, from 2 to 4 p.m., and we will be going to downtown Inverness to the Depot. If you're not familiar, the Depot is the new park in downtown Inverness that was just renovated, I believe it was last year or the year before. Inverness did a beautiful job, absolutely incredible park. So we're going to gather there. We're specifically going to the train s

Three Important Resources for Buying a Home | Ruth Squires Three Important Resources for Buying a Home So you've found your trusted local realtor, but what other resources do you need when buying a home? Here are the top three: 1. Financial Person Whether you're financing or paying cash, having a resourceful and expert lender or banker is crucial. They will help orchestrate the money and ensure the smooth financial aspect of the transaction. Connect with your financial advisor or your bank institution representative to be prepared. 2. Quality Title Company A reliable title company plays a critical role in guiding the transaction. They handle timelines, title search, and ensure everything is in order with the property's history. They are also the fiduciary of the money, holding the escrow deposit until closing. While sellers typically choose the initial title agent, it's advisable to request your trusted title agent for a smoother