Category: First Time Homebuyers

Don’t Get Caught in the Rental Trap!

Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t become trapped A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. Year-over-year …

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Hot housing market: home buyers are spending more than expected

Home buyers are busting budgets — and in some cases selling things they love — to snag their dream houses. A third of home buyers blew through the upper limit of what they planned to spend, topping that cap by an average $16,510, according to a Owners.com survey of 1,214 Americans who purchased a house within the …

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99% of Experts Agree: Home Prices Will Increase

99% of Experts Agree: Home Prices Will Increase Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyedhousing experts believe that home values will continue to rise this year. What is the Home …

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Buy or Rent? (Video)

Buying not for everyone!    *    Which month is the best to list your home for sale?

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1:  “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to …

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What time of day to visit the home you want to buy

Visit a home you like at these times…       A neighborhood during midday can look and sound drastically different in the evening. Home buyers should spend more time scouting out the house they’re interested in at various hours of the day and night to determine if the home truly is a good fit. The …

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The Absolute Insanity of Not Buying a Home When You’re Young

Below is part of the article published by Tyler Tervooren from his website www.riskology.com. What do you think about his opinions? Or, are they merely opinions if based on numbers…? If you’re young—under 40 or so— …and have been heeding all the personal finance advice spewing forth from some of the most popular columnists and …

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Homebuying Step 3: The Search

STEP 3 The Search You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first. Don’ts – Don’t worry about color. It can be changed. It will be changed. Assume you will have to paint when moving …

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Buying a Home 35% Less Expensive than Renting

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in …

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Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s housing market? The index examines that entire US …

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