Notes by minnesotahomesforsale: Compute your tax and insurance expense. Use the following suggestions from Barron's 'Smart Consumer Guide to Home Buying' when calculating your tax and insurance costs. Use a rate of .68 for areas with relatively high tax and insurance. If an area has rel

Notes by minnesotahomesforsale: Ilyce Glink, who is the author of the book '100 Questions Every First-Time Home Buyer Should Ask' says that each owner must pay maintenance fee equal to his total share of ownership in the condominium. This is calculated by first getting the total expense

Notes by minnesotahomesforsale: Take full advantage of the second showing to conduct your preliminary inspections and to help you already decide if the house will fit you. Create a list of the positive and negative things about your investment so that when you sit down to make your fina

Notes by minnesotahomesforsale: An important part of the homebuying sales process and sales contract is the closing costs. Few first time homebuyers realize that closing costs can be as much as 15 percent of the sales price and most lenders require you to pay for the closing costs upfro