Have You Budgeted for Closing Costs?

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Have You Budgeted for Closing Costs? | Simplifying The Market

Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage.

What Are Closing Costs?

According to Trulia,

When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and more.”

For those who buy a $250,000 home, for example, that amount could be between $5,000 and $12,500 in closing fees. Keep in mind, if you’re in the market for a home above this price range, your costs could be significantly greater. As mentioned before,

Closing costs are typically between 2% and 5% of your purchase price.

 Trulia gives more great advice, saying,

“There will be lots of paperwork in front of you on closing day, and not enough time to read them all. Work closely with your real estate agent, lender, and attorney, if you have one, to get all the documents you need ahead of time.

The most important thing to read is the closing disclosure, which shows your loan terms, final closing costs, and any outstanding fees. You’ll get this form about three days before closing since, once you (the borrower) sign it, there’s a three-day waiting period before you can sign the mortgage loan docs. If you have any questions about the numbers or what any of the mortgage terms mean, this is the time to ask—your real estate agent is a great resource for getting you all the answers you need.”

Bottom Line

Let’s get together to discuss the homebuying process, to be sure your plan includes budgeting for what you need to purchase your dream home – without any surprises!

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Source: KCM

A Stone And Glass Country House Half-Hidden Behind A Slope

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When you find a site that has a stunning view and is surrounded by amazing landscape you involuntary start to imagine how it would be like to actually live there. In some cases these dreams are turned into reality. One gorgeous example is a house designed and built by Slade Architecture. It’s situated on a gently sloping site in Hudson Valley, a rural area north of New York.

The house is composed of two volumes placed perpendicularly on top of one another
The house is composed of two volumes placed perpendicularly on top of one another

The entire property covers an area of 220 acres and is surrounded by an organic farm and some really beautiful landscape which is why the house was designed in this particular way. By that we mean this is a house made of weathered steel and lots of glass. The weathered steel gives it a lived in look and helps it blend into the surroundings and the glass offers it transparency and exposes it to the views.

The upper level acts as a bridge between suspended between the lower volume and the hillside
The upper level acts as a bridge between suspended between the lower volume and the hillside
Part of the roof of the lower level is an open terrace and the rest is covered in greenery
Part of the roof of the lower level is an open terrace and the rest is covered in greenery

The architects had two main objectives when designing this unusual country home: to create a strong connection to the landscape through transparency and giving the homeowners the privacy that they desired. These may seem like opposing objectives but somehow the team managed to make both happen. The fact that this is a sloping site was the key. The house is structured into two large volumes placed one on top of the other. The lower level is almost completely hidden because of the topography and is only revealed when getting close to the house. In other words, this is a house that draws you in.

The top floor has glazed walls which frame the marvelous panoramic views and let the outdoors in
The top floor has glazed walls which frame the marvelous panoramic views and let the outdoors in
The lower volume is clad in locally-sourced stone which brings in closer to the landscape and helps it blend with the ground
The lower volume is clad in locally-sourced stone which brings in closer to the landscape and helps it blend with the ground
The rooftop terrace acts as an extension for the main living area situated on the upper level
The rooftop terrace acts as an extension for the main living area situated on the upper level
The social area has an open floor plan and is long and linear, ending with a cozy seating area framed by great views on two sides
The social area has an open floor plan and is long and linear, ending with a cozy seating area framed by great views on two sides
The interior design is contemporary and uses a select palette of materials including marble, wood and leather
The interior design is contemporary and uses a select palette of materials including marble, wood and leather
The onsite trees were turned into wooden cabinetry and ceiling panels
The onsite trees were turned into wooden cabinetry and ceiling panels
The stone-clad lower volume houses the bedrooms and has small windows with external shutters made of weathered steel
The stone-clad lower volume houses the bedrooms and has small windows with external shutters made of weathered steel
This bathroom has a very inviting and sauna-like feel due to all the wood
This bathroom has a very inviting and sauna-like feel due to all the wood


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Source: All About Shawnee

How Kansas City companies can help close the talent gap

Like the rest of the country, the number of jobs in the Kansas City area is growing faster than companies can fill them. Nationwide, the unemployment rate is 3.5%, leaving the country with more jobs than there are job seekers. Unemployment is even lower in the Kansas City region at 3.3%.

Numerous factors are behind the dearth of recruits. Among them, immigration reform added constraints to recruiting employees with high-tech skills. Baby boomers are retiring at a rate of 10,000 a day, and will…

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Source: Homes and Lifestyle

Special Weather Statement issued December 08 at 11:12PM CST by NWS

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…Patchy Dense Fog Possible Early Monday Morning… Fog will continue to overspread the area tonight as low-level moisture builds ahead of a cold front. Visibility will drop to 1 to 3 miles in most of the areas, though patchy dense fog with visibility decreasing to 1/4 mile is possible during the Monday morning commute. Conditions will quickly improve as dry air begins
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Source: All About Shawnee