First Time Home Buyers

Found 28 blog entries about First Time Home Buyers.

When a seller lists a home for a certain price, he/she doubtfully expects someone to buy without trying to negotiate a lower price. The buyer may even try to negotiate covering closing costs and taxes. Smart buyers do understand they can negotiate quite a few things to their benefit. Smart real estate negotiations do need to be thoughtful and considerate. Novices -- and those who should know better -- could make some very bad negotiating mistakes, mistakes capable of ruining a deal.

 

Five major negotiating mistakes really do stand out. They should be bitterly avoided.

 

1.) Do not make a ridiculously low offer.

 

If a home is listed at $125,000, making an offer of $70,000 for no real reason other than to see if the seller goes for it is

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After many years of renting, and being unable to make your residence your own, you have decided to buy. Purchasing property presents many opportunities for creativity and financial advancement. The road to homeownership, though, is not for the faint of heart. Here are five ways to start the home buying process right.

 

1. Start researching early

Do not wait until you have given your landlord notice that you are moving to begin searching for a home. Real estate buying takes more than several weeks, which means that you could very well be searching for the perfect residence more than six months after deciding to buy a home. There is also the issue of pre-approval that takes a few weeks. You should, therefore, begin your home buying process with

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If you are preparing to buy a new property, you may be closely reviewing the many listings available in your local area that fall within your desired sales price range. In many markets, this includes both single family homes and condos, and you may be wondering which option is ideal for your needs and budget. There are key differences between these two property types, and a closer look at the pros and cons of each option may help you to determine which type of property you should focus your attention on.

 

The Proximity of Your Neighbors

A single family home generally sits on its own plot of land, and there are usually several feet of land surrounding the home in all directions before the property line. Likewise, neighbors usually have several

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For many home sellers and home buyers today, a home warranty comes as standard fare during the transaction. In some cases, it is the seller who will purchase a home warranty as an extra perk for buyers interested in purchasing the property.

 

In many more cases, the buyer will choose to purchase a home warranty to help keep home repairs and maintenance costs more reasonable. If you have never bought a home warranty before, you probably have lots of questions, including what a home warranty does and doesn't cover, the average cost of a policy and what type of property makes the best candidate to purchase a home warranty.

 

What Is a Home Warranty?

 

As Investopedia explains, there are important differences between a home warranty and

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The real estate market is hot in a lot of areas around the country. With the strength in the housing market, some buyers are having trouble affording homes in the area they want to live in.

 

One of the best ways to save money on the purchase of a home is to buy an older one. However, there are a lot of potential issues that come along with purchasing an older home. As long as you know all of the risks, this can be a great way to save money. Here are some of the most important aspects to consider when buying an older home.

 

 

Age of the Roof

 

One of the most expensive things in a home to replace is the roof. There are a lot of people who do not have the cash on hand to replace their roof all at once. If the home you are purchasing

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If you're planning to buy a home, you're most likely going to need financing or a mortgage. Because your mortgage will affect your finances for many years to come, it's important to make sure you understand your options and choose a mortgage program that will best fit your needs. Here are 5 common questions about home loans to help you in this process.

 

Q1. What documentation do I need to get a mortgage?

The documentation you need to apply for and qualify for a mortgage will depend on your individual case and the type of mortgage you choose. Still, most documentation requirements are similar. The initial documentation you need to apply for a mortgage includes your Social Security card, your driver's license, one month's pay stubs, W-2s for the

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A recent survey by Coldwell Banker real estate revealed that two-thirds of its agents found out that homebuyers are interested in homes with smart features and technology than they were just two to five years. This trend is increasing, and research shows that homes with smart technologies are generally more desirable.

28% of U.S adults and 47% of millennials have smart home products and believe that these devices make life more comfortable, efficient and secure. If you are remodeling your old house, add these smart features to give it a touch of elegance and to make it more comfortable. On the other hand, if you are buying a new home ensure that it has these smart features.

Some of these smart home appliances are:

Smart home lighting

This

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You find yourself at an after-work party when someone starts discussing the events of the day. A topic likely to come up is the real estate market. Someone at the party is either looking to buy a home or sell a home, and the next thing you know everyone is talking about their opinions on the real estate conditions at the time. Before you know it, someone has said "It's a seller's market out there". You nod your head because you don't want to seem as if you don't understand what they are saying. However, the truth is that you really don't quite get it. There is nothing to be ashamed of about that, you just will want to learn these terms so that you are not left sounding uninformed.

 

What Makes Up A Seller's Market?

 

There is not a textbook

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When purchasing a big ticket item, such as a house or a car, it is common to seek financing. Applying for a loan enables you to pay for these high-dollar items slowly over time with regular monthly payments, but it is customary and often even required by the lender for you to make a down payment at the time of purchase. If you are preparing to apply for a loan on a house or a car, you may be wondering how much money you need to contribute as a down payment. With a closer review of some common considerations, you can make a more educated decision about your down payment amount.

 

What the Experts Advise

Your down payment amount will play a direct role in your loan amount and monthly payment. It will also impact your starting equity, and it can

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If you are planning on selling your home, you should know that it is emotionally challenging and can be a time-consuming process. You have to make sure that you are making all the right decisions if you hope to be successful, and it begins with choosing a real estate agent to list your property. Make sure that you find a real estate agent who can effectively promote your home, educate you as a homeowner, and can gain your trust from the start. The real estate agent that you choose will have all the responsibility of selling your home, from engaging with prospective buyers to running open houses.

 

Before you make the decision to hire an agent, here are the five most important questions that you need to ask to ensure that you have picked the perfect

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