First Time Home Buyers Archives - Page 28 of 45

62% of Buyers Are Wrong About Down Payment Needs

October 7, 2019 - General Information

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More [...] Read More

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Monica Foster October 7, 2019

5 Homebuying Acronyms You Need to Know

October 4, 2019 - General Information

Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when [...] Read More

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Monica Foster October 4, 2019

What to Expect from Your Home Inspection

October 1, 2019 - General Information

You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the [...] Read More

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Monica Foster October 1, 2019

How Does the Supply of Homes for Sale Impact Buyer Demand?

September 30, 2019 - General Information

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of [...] Read More

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Monica Foster September 30, 2019

What Is the Cost of Waiting Until Next Year to Buy?

September 27, 2019 - General Information

Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% [...] Read More

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Monica Foster September 27, 2019

Homeowners Are Happy! Renters? Not So Much.

September 26, 2019 - General Information

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, [...] Read More

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Monica Foster September 26, 2019

Are You Ready for the ‘Black Friday’ of Real Estate?

September 25, 2019 - General Information

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. [...] Read More

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Monica Foster September 25, 2019

One of the Top Reasons to Own a Home

September 19, 2019 - General Information

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month [...] Read More

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Monica Foster September 19, 2019

What Buyers Need to Know About HOAs

September 18, 2019 - General Information

When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you. According to a [...] Read More

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Monica Foster September 18, 2019

Things to Avoid After Applying for a Mortgage

September 16, 2019 - General Information

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life [...] Read More

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Monica Foster September 16, 2019

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