Despite the continuing shortage of homes for sale, the ones in a buyer's price range are continuing to sell. Even though the seller's market continues, there are 5 surprising facts many buyers don't know when buying a home in Carroll County, MD. This lack of knowledge might just be preventing you from getting out of the rent-trap and buying your own home!
The first surprising fact: It's possible to buy a home with no money down. Many buyers think 20 percent down is required, this is simply not true. If you meet the income and credit requirements, you can buy a home with no massive amounts of cash in your bank account.
The second surprising fact: Closing costs are a necessary part of buying a home that many buyers don't think about. However, it is possible to ask the seller to pay some, or all, of your closing costs. Again, you can buy a home with no massive amounts of cash in your bank account.
The third surprising fact: Buyers have the opportunity to have homes inspected so they know what they are buying. No worries about buying a lemon! And if the inspections fail the home, it's possible to walk away!
The fourth surprising fact: There are a variety of programs that provide money to eligible buyers toward the purchase of a home. Grants and other programs are available. Again, this eliminates the need for massive amounts of cash in your bank account.
The fifth surprising fact: There are a variety of loan programs available to assist in purchasing a home. The key is to find the right loan that will work for each buyer's needs. Need help finding the right lender? Not a problem! It's part of what real estate agents do.
Have you been thinking about buying a home but don't know where to start? Do you know someone who wants to buy a home but needs their questions answered?
Did you know my last 2 buyers bought nice homes with NO money down, and left the settlement table with not only the house keys, but a CHECK in their hands?