home buying: Have You Saved Enough for Closing Costs?
- 01/31/17 12:32 PM
There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% (or 0% with a VA loan). If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs. Freddie Mac defines closing costs as: “Closing costs, … (2 comments)
home buying: Real Estate 2017: What to Expect
- 01/24/17 12:25 PM
One of the most common questions we get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market is strong and healthy: home values are up, prices and sales are strong, and millennial first-time buyers are eager to become homeowners. We often use national real estate numbers to give us a clearer view of our local market. However, real estate is local, and while statistics and predictions help us understand the … (1 comments)
home buying: Buying a Home? Avoid These 4 Common Mistakes
- 09/01/16 05:16 AM
Given the thrill of purchasing a home, first-time buyers and seasoned property owners alike may fall victim to certain common mistakes. Searching for a new home is often an emotional process, and many buyers unwittingly allow their feelings and desires to cloud logical judgment. As a home buyer, it is crucial to remember that this may be one of the most significant investments you will ever make. Therefore, the process should be controlled by research and reason rather than impulse and emotional attachment. Consider these five common but avoidable mistakes that could stand between you and your ideal home: 1. Underestimating the … (3 comments)
home buying: Three Excellent Reasons to Buy a Home So You Can Get out of the “Renting Rut”
- 06/29/16 04:28 AM
Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future. Build Equity Did you know that when you rent a home, you help someone else build equity? Any changes that … (2 comments)
home buying: How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders
- 03/16/16 09:31 AM
No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home. Know your buying powerWhat is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home. First, you need to understand the hidden costs of buying a home. You will need to save not only for the down … (0 comments)
home buying: What to Expect from the Home Inspection Process
- 03/01/16 03:26 AM
For home buyers and sellers alike, the road from initial offer to closing can seem like an endless series of hurdles. One of the most formidable of these hurdles is the home inspection, which seeks to determine the condition of the home's most important features and uncover any potential safety concerns. A thorough home inspection is critical so that buyers can make an informed decision about the final price that they agree to pay. Home inspectors are licensed by the state or professional associations and are usually bound by a code of ethics. Although they are generally hired by the buyer, they … (1 comments)
There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% (or 0% with a VA loan).
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