First Time Homebuyers

Jan 13

Did It Make Sense to Wait?

Over the course of last year, many people debated purchasing a home, but ultimately did not. Let’s look at whether the decision to wait to buy made sense financially. What happened in 2014? The 30 year fixed rate on January 2, 2014 was 4.53% as reported by Freddie Mac. Looking at the chart below, the monthly mortgage …

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Dec 19

Buying a Home with Only 3% Down Payment

Yes, you can buy your new home with as little as a 3% down payment! There is a common misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home. …

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Dec 16

New York Times: Homeownership is Best Way To Build Wealth

The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: “Homeownership long has been central to Americans’ ability to amass wealth; even with …

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Nov 14

Engaged to be married? Say ‘I Do’ to Your New Home!

Forget the toasters and champagne flutes: More engaged couples are doing a different type of wedding registry that allows them to collect cash for a down payment on a home. It’s been reported that about 15 percent of registries are to raise down-payment funds for a home and another 15 percent are for home-improvement funds …

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Sep 23

Home Price Slowdown

Good News for Home Buyers The growing signs of a slowdown in the housing market might be good news for home buyers. Slowing home prices—after the double-digit increases last year—mixed with still-low interest rates are making homes more affordable. Also, the supply of homes for sale today represents 5.8 months of demand, the most since …

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Nov 03

Ten Reasons to Buy Your Home

Still wondering if it’s wise to buy your own home?  Quality of life – a home provides stability and security for you and your loved ones, and membership within a community of neighbors. Pride of home ownership – a home is a personal haven, a place that you can decorate, shape, and share over time …

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Aug 03

‘Seller Secrets’ Video

Just being on the market is not the same as being in the market. Check this video for tips about the most important factor for selling your home (surprise, surprise)… price. Learn how potential Buyers search on the web for their new home and interesting stats about home buying. You can’t afford to not check this …

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Jul 24

Buying a Home? Don’t Let Fear Get in Your Way

A story about a young couple just buying their  first home… Recently I heard a story about a young couple who were about to close on their first home. They were riding the wild roller coaster of current mortgage rate swings and were not happy about the mortgage process overall. Yet, when the conversation shifted …

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Jun 14

Buying a new home… Is now the time?

  We in the real estate community are often criticized for always seeming to have a Pollyanna attitude about the housing market. Some people believe that the industry’s current call ‘to buy now’ is nothing more than a scare tactic with the sole purpose of creating more commissions for Realtors. So, let’s take a look at …

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May 21

?Buy or rent? Which is better financially?

?Buy or rent? Every potential home buyer has to stop for at least a moment and consider this question. Let’s look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. Which is better financially? According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales …

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