Homebuying January 30 2018

Essential Tips for Single Home Buyers

Buying a home is a big step for anyone, but if you are a single home buyer the process could be even more daunting. There may be some challenges faced when buying a home independently, but it is possible! With enough planning and understanding, you can become a homeowner without relying on anyone else.

Know What You Can Afford     

As you look into your options, think about what you want for your future, and if buying a home is going to contribute to that vision.

  1. Start by researching the community that interests you, and understand the financial commitment of the location.
  2. Assess your current finances and evaluate if buying a home is an attainable and overall smart investment.
  3. Account for all expenses that are included in homeownership, not just the sale price and mortgage closing costs. Think about property taxes, insurance, warranties, and maintenance when determining your budget. 

Calculator: How Much Can I Afford?

Build a Support System  

Whether you are a first-time home buyer or not, it is important to find people you can trust throughout the process. Buying a home is a major decision so it can be stressful at times, but you don’t have to go about it alone.

  • When house hunting, reach out to family and friends for advice along the way – outside opinions can offer valuable insights.
  • A realtor can also help you find the home you want, at a price you can afford.

When it comes to the legal paperwork, professionals are there to help you.

  • When you are ready to apply for a mortgage, your lender can refer you to special programs, which offer affordable interest rates and low credit scores to qualify. They will guide you through the process of getting all the necessary documents and help you find the best financing methods for you. 
  • A mortgage credit specialist can help you get your credit in check before applying or re-applying for a mortgage.
Find out how our Home Buyer Solutions Group can help you get pre-qualified.

Speak to a Credit Specialist today!

Homeownership is a great opportunity for financial security and independence. As a single homeowner, your financial responsibility will be crucial in buying and keeping your home.

Utilize your best budgeting practices to put yourself in the best financial position possible to ensure success in your newfound homeownership.

Sources: www.time.com/money www.simple.com/blog

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November 02 2018

Pros and Cons of Buying a Condo

Whether you are a first-time homebuyer or searching for home number ten, buying a condo instead of a house may be the perfect choice. Most condos are essentially a hybrid between an apartment and a single-family home. They are great for certain lifestyles but...

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October 29 2018

What a Home Inspection Should Cover

Before making what may be the largest investment of your life, you’ll want to get a home inspection. Home inspectors are trained to examine the physical structures and systems of a house. If you’re going to spend hundreds of thousands of your...

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October 26 2018

3 Reasons to Invest in Real Estate

Increasingly, Americans are choosing to invest in real estate instead of stocks, bonds, or mutual funds. From 2000 to 2016, real estate outperformed the stock market at a ratio of about 2-to-1. For three years in a row, Bankrate found more U.S. adults feel...

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October 22 2018

What Does a Realtor Do?

Ever wonder about the difference between a real estate agent and a realtor? They’re the same, right? Not so. Working with a real estate agent can take a lot of time and stress out of the home buying process, but not all real estate agents are the same....

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October 19 2018

Your Final Walk-Through Checklist

By the time you get to the final walk-through step of buying a home, you may be a dangerous combination of excited and exhausted. You’ve negotiated the perfect price, had the home inspected and requested repairs. You’re ready to move in! But a lot...

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October 17 2018

7 Tips to Buying in a Hot Housing Market

Buying a home can be overwhelming under any circumstances, but especially in a hot housing market. Home prices go up, and the number of homes available goes down. With emotions and stress running high, you may be pressured into making a purchase you’ll...

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October 15 2018

Finding the Perfect Neighborhood

Amid the excitement of hunting for the perfect house for you and your family, don’t forget to pay attention to your surroundings. It doesn’t matter how perfect your chosen house is — disliking the neighborhood can make your living situation...

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October 12 2018

5 Common First-Time Homebuyer Mistakes

You’ve scrimped and saved for years—dreaming about owning your first home. Now it’s time to make one of the largest purchases of your life. Are you ready? Have you done all of your research? Almost half of Americans have some regrets about the...

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October 09 2018

What’s Scarier Than Bad Credit? No Credit!

Many may pride themselves on having zero debt, but is it really the best for their financial future? Not as much as you may think. Having no or little credit can make large purchases and future milestones more challenging to achieve. The good news is,...

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