First Time Home Buyers

Found 38 blog entries about First Time Home Buyers.

Buying real estate involves more than just finding an available house or plot of land. Most buyers simply find what they want, make an offer, and go from there. But it’s wise to do a land survey first before buying a plot of land with or without a house on it. The land survey will reveal important things about the property you need to know.

The Importance of a Land Survey

A land survey tells you exactly what you’re getting. The surveyor will measure property boundaries to make sure they’re correct. Otherwise, you could actually get less than what you’re expecting. The surveyor can also determine if nearby driveways, sidewalks, fences, or other structures are on the property.

The survey is also important because someone might have a building or

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Before a buyer chooses a home, there are certain conditions that they should be aware of. Most real estate agents can guide a buyer to a better selection, but if the buyer wants to look for their own home, they should read about the statistics within the neighborhood before moving into a home. Since a buyer is looking to purchase a home, there are additional facts to consider. Some of those facts are:

  • deteriorating houses in the neighborhood
  •  no street lights
  •  no caution lights
  •  no traffic lights
  •  drugs in the neighborhood
  •  no friendly neighbors
  •  increased crime rates
  •  people speeding through the neighborhood
  •   poor lawn service
  •   loud noises

A buyer can usually find statistics about a neighborhood in the local

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As a homeowner, you take pride in your property and want to do everything that you can to protect it, and keep it looking great. You may even have a long list of maintenance items that you work on to keep the value of your house from going down. For the best care, pest control should be at the top of your list.

Pests can damage your home, and cost you thousands of dollars. Whether you are in your “forever home” or planning on selling in a few years, removing and fortifying yourself against these invaders is important. They can destroy load bearing beams, flooring, and nest in insulation. Once you have these unwelcome house guests, they can be hard to get rid of.

The Greenville area is home to many insects and animals that are classified as pests

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Taking out a mortgage is one of the biggest expenses most people will make in their lifetime. Even though it is a huge financial responsibility, almost half of new home buyers don't put in the necessary time to compare different lenders to find the best rate.

These days, there are more options to consider than traditional credit unions, banks and mortgage brokers. Many home buyers are turning to the internet to find mortgage lenders. It can be intimidating to think about taking out a huge mortgage from an online lender. Below are some of the pros and cons of using an online mortgage company to take into consideration.

Pros Of Using An Online Mortgage Company

1. Lower Interest Rates Available

One of the main advantages of an online mortgage

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A housing bubble, or real estate bubble, is an unsustainable increase in housing prices powered by speculation, heightened demand, and "irrational exuberance."

A housing bubble, like other kinds of economic bubbles, often occurs in the context of predatory lending, poorly thought out mortgages, and lowered interest rates with the Federal Reserve. This very constellation of factors came together to fuel the 2008 Subprime mortgage; subprime mortgages were named such because they were mortgages of lower quality.

What's worse, these subprime mortgages were secured by the big banks leading up to the 2008 housing market collapse. The fact that what otherwise would have been decentralized assets - housing markets are traditionally thought to be

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Dealing with demanding home buyers or sellers can be a daunting task. Below are a few tips to guide you when dealing with difficult buyers or sellers.

Listen

Listening is a sign of respect and professionalism. You will know about the concerns of the seller or buyer and whether they are legitimate. Don't interrupt them when talking to avoid a misunderstanding even when you know where they are aiming. This way, you will be showing them that you care. Encourage them to be open and transparent for clarity. Additionally, you ought to ask questions and support their statements. As an agent, you have to be straightforward when communicating whether it is a text or verbally. You should use a professional language when dealing with first-time clients because

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Buying your first home is exhilarating. It's also the biggest investment you'll likely ever make, and probably the biggest one you've made so far. It's easy, whether from excitement or lack of knowledge, to make mistakes that you regret down the road.

Here are 4 common mistakes that you can avoid making:

1. Go to only one lender

Particularly if you've heard that each inquiry affects your credit score, you may be tempted to go to just one lender and hope for the best. Putting all your eggs in one basket like this is a bad idea. Ideally, you should talk to at least one national bank, one local bank or credit union, and an online lender. If you're concerned about your credit score taking a hit from the inquiries, consider hiring a broker instead -

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After years of dutifully saving money, you’re finally ready to buy your first place. You can’t wait to move out of the cramped apartment you’ve shared with your growing family for the past two years. If you can relate to this scenario, you might currently be scouring listings in your desired neighborhood. You may also be compiling a detailed list of must-haves for your new abode. When looking for the perfect place, don’t neglect to consider the following items.

Storage Space

When touring prospective homes, many people concentrate on kitchens and bathrooms. In their quest to buy a home with quartz counter tops or double sinks, they sometimes overlook the less glamorous issue of storage space. However, having enough room to neatly organize all of your

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Credit is just about everything when it comes to buying a home. You need credit to buy the home (the mortgage), you need credit to qualify for the mortgage, and your mortgage payments will impact your credit if they're not paid or not paid on time.

Many home buyers, particularly first-timers, don't fully understand the impact that credit has on the home buying process. Here are 3 things that home buyers need to know about credit.

1. You need good credit

Your credit score tells lenders a lot about you, whether you pay your bills on time or at all. This tells them whether you'll be able to handle the long-term responsibility of a mortgage and whether they'd need to worry that you might not be able to pay it.

Most reputable lenders won't give a

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Aside from good credit, a down payment is one of the top factors when applying for a mortgage. Without a down payment, you're likely to find that many lenders refuse to even speak with you, and others will be willing to give you the loan, but with much higher fees and interest rates.

What is a down payment?

A down payment is the money that you put down on a home when you buy it. This is separate from your mortgage and is cash that you come up with yourself. Most people save money over a period of months or years for a down payment, though some have taken out personal loans to get the money.

How much do you need?

The typical down payment is 20%. On a home that costs $100,000, this would be $20,000. Depending on the lender, you may be able to

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