Category: Buying A Home

Is the rising cost of real estate endangering your dream of owning a home? There can be many obstacles to home ownership, and perhaps the most common one is the large down payment required upfront. Are you trying to avoid paying for mortgage insurance? If so, you will need to save 20% of the purchase price for a down payment. Are you trying to get an FHA loan because it allows for a lower down payment than a traditional (non-government) loan? If so, FHA loans require the home you’re purchasing to be your main residence and you must provide proof

If you read various news articles on millennials, the generation born in the 1980-90s, you might get the impression that this generation is less interested in homeownership than previous generations or that millennials can’t actually afford to become home buyers. This stereotype arose for a few reasons. First, rising home prices have made buying a house difficult without going into significant debt or without help from family and friends. Also, many millennials put off marriage and children, a major reason people buy a home in the first place. This situation inspired some baby boomers to consider millennials to be irresponsible

Open houses are a necessary part of the home-buying process because they are the perfect way for prospective buyers to casually view a property. You can browse through the open house at your own pace, explore each room at your leisure, and, since the listing agent will likely be present, you can get many of your questions about the property answered in real time. For this reason, it’s important you’re armed with a list of solid questions to ask so you can ascertain the details you’re looking for. Off the cuff, you need to find out about the seller’s ideal

When it comes to planning to purchase a home, it’s correct to assume that one of the primary initial costs is the down payment. However, that’s not the only upfront cost you need to be financially prepared to handle. The real estate industry does a great job of letting first-time home buyers know they need a down payment, but rarely are closing costs, earnest money, or other purchase-related expenses discussed openly. If you’ve been saving for a while now, the last thing I want to do is burst your bubble. However, for the best real estate buying experience possible, you

A home inspection can be a treasure trove of information about the house you’re interested in buying. Here’s how to navigate the home inspection process…