Irina Peers Realtor

Save this list with down payments for some typical and atypical loans:

Conventional loans - 5% to 20%
FHA - 3.5 %
VA - 0%
USDA - 0%

NADL - 0%
Jumbo - 5% to 20%
Owner financing (full/partial) - Negotiable

Buyer`s Closing Costs

Generally, you can expect it to be 2-5% of the sale price.

Let's take a closer look at average pricing!

Loan Processing Fees + Appraisal (1% of the loan amount)
Title Fees (search, insurance, etc.)- $2,500
Survey Fee - $100
Flood Determination Fees - $50
Tax Research & Monitoring - $200
Recording fees & transfer tax - $100
Prepaids - $2,500
Initial Escrow - $500
HOA fees (if applicable)
Home Inspection (optional but recommended) - $350-900

All amounts are approximate, and yours may vary depending on location, price, property size, lender and many other factors.

I thought one good way to introduce myself would be to come up with some fun facts about me!

1. I have worked in the hospitality industry for slightly over five years.
2. I love snowboarding in winter.
3. Every man (and some women) in my family had a military career.
4. My favorite class in school was always history. I had a lovely teacher!
5. I got my bachelor's at the college of business at MSU
6. I love learning new stuff every day!
7. I have considered going to a law school.
8. I drink a lot of tea and coffee.
9. I speak English, Russian, some German, and very basic Spanish.
10. I don't like dates - I believe they look like cockroaches.

What are some fun facts about you?

5+1 Tips to Make a Room Look Bigger

1. Paint your ceilings and walls the same light color
2. Hang your curtains all the way to the ceiling
3. Add reflective surfaces
4. Display large-scale artwork instead of small
5. Make use of multi-purpose furniture

Pro Tip:
Always test out your paint colors by applying a 12″ x 12″ sample on the wall (and reviewing it at different times of day) before committing to a color. Thank me later!

Real Estate Agent vs REALTOR®

Here are some differences from REALTOR`s® perspective:

Every REALTOR® is a real estate salesperson, but not every real estate agent is a REALTOR®

1. More steps and requirements
A real estate agent in Missouri is someone who took (48h+24h for MO) worth of classes approved by MREC, passed an examination, passed a background check, found a broker, and submitted an application within a specific period. Every real estate agent must extend a license by taking approved classes (12h) every even year.

A REALTOR® must be a real estate professional such as: property manager, appraiser, real estate counselor, real estate broker, or real estate salesperson with
i. valid real estate license
ii. no record of unprofessional conduct
iii. no recent or pending bankruptcy
iiii. Annual dues paid

2. No courts
As REALTORS® we have our own dispute resolution system established by NAR (The National Association of REALTORS®), which consists of mediation and arbitration

3. Higher standards
For REALTORS® abiding by the Code of Ethics is required; real estate agents in Missouri are regulated by Chapter 339 but not the Code of Ethics. This Code ensures that REALTORS® do business with clients` best interests in mind. The Code of Ethics consists of 17 articles, and it`s violations can result in payable penalties that can go up to $5,000

4. More opportunities
As REALTORS® we have access to additional tools, education, and access to more extensive networks. One example would be REALTORS® committees such as RPAC that contribute to real estate legislation.

Can you think of any other examples? Leave them in comments!

Common questions about residential appraisals:

Your step-by-step homebuying guide!