Home Buying

Here’s What to Do Now if There is a Move on the Horizon

Making a residential move is a huge undertaking. When that move involves more people in the household than just yourself, it becomes even more complicated. There are plenty of checklists for moving day, but what about the months leading up to your intended moving day? Even if you are just getting started on your home search, there are a number of steps you can take now to make moving day easier on you...

Busting the Myth of the 20 Percent Down Payment

Homeownership brings with it a number of benefits. But, many homeowners believe the required down payment is well beyond reach.  If that sounds familiar, you’ve probably been told you need to put 20% down to purchase a home. On a $300,000 home, that’s $60,000. Add costs for closing, inspection, appraisal and other fees and it’s no wonder a lot of people don’t think they will ever own a...

Avoid Doing These 10 Things While Your Mortgage is in Process

Buying a home can be a lengthy process. So, it’s understandable that once you’ve provided all the proper documentation to your lender, you feel like you can relax a bit an enjoy the more fun parts of buying a house.  But, if you’ve got a big purchase in mind–maybe some new furniture and electronics–think twice. It’s important that once you’ve completed the application and the...

Buying a Home Without Seeing it In-Person? Here Are Some Tips

It’s a fact. All the events of 2020 left more and more would-be homeowners buying a home, sight unseen. That trend continues. Homebuyers purchasing a home they had not previously seen in-person is nothing new. People making long-distance relocations have been making use of the Internet and trusted agents for quite some time now. But, it’s only recently that this trend saw a steep incline in the...

Three Questions to Ask if You Are Thinking About Building a New Home

There’s no denying that building a new home—rather than buying an existing one—remains popular with homebuyers. In fact, new home construction increased 5.2% on a year-over-year basis last year. New home starts totaled 1.38 million in 2020. That’s an increase of 7% compared to 2019. If you’re thinking of a new home, you may have given some consideration to new construction,...

Self-employed? Here’s What You Need to Know About Applying for a Mortgage

The number of self-employed individuals across the country continues to grow, with an estimated 16 million people opting to be their own boss. While the gig economy is booming and self-employment has become increasingly commonplace, the hurdles faced with obtaining a home mortgage remain. Ask any lender and you’ll learn the stark truth: it’s easier to qualify when you can show a W-2. That...

Getting on the Same Page: Here Are the Features Homebuyers Most Often Disagree On

If you’re a fan of HGTV, you’ve probably been entertained by shows where prospective homeowners are shown houses that seem to meet their needs, only to bicker bitterly over one feature or another. She wants to be close to downtown, he wants to live in the suburbs. She wants a large backyard, he wants something that doesn’t require a lot of yardwork. You get the idea. First off, I am obligated...

What’s Holding You Back? 5 Myths About Buying a Home

Buying a home is a big commitment, but it also has a great many advantages. If you’re throwing money away on rent month after month, what’s holding you back from making the move to homeownership? The truth is, there are a lot of myths about buying a home that keep people from making the move. But in reality, instead of renting, they could be owning their own home. Here are five of the most...

Entering into a Real Estate Contract: What You Should Know

It seems like much is written about making an offer on a house—how much to offer, what contingencies to consider and how to make your offer stand out. But a surprising number of buyers—especially first-time would-be homeowners—do not come to the real estate process with a clear understanding that they are entering into a legal contract when making an offer on a home. For the...

Rent or Buy? Here Are the Hidden Costs of Not Owning Your Home

Homeownership is certainly not without its costs. Saving for a down payment and coming up with closing costs are just the beginning. Covering costs like maintenance, repairs, insurance, and HOA fees are among the expenses that soon become too familiar with new homeowners. But the alternative—renting—also comes with its own slate of costs. The choice of whether it is better to buy or rent has...

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