Archive for First Time Buyer – Page 3

Here are costs that often take first-time homebuyers by surprise!

1.  Home Inspection

Cost: $350–$500+

A home inspection lets you know of any potential problems — like mold, bad roof, water pressure, crawl space issues, etc. An inspection lets you know what you’re getting into before you buy.

Even if …

Most Single Women Households Say Homeownership is out of Reach

This headline really caught my eye!

“If you like it then you shoulda got a loan on it. All the single ladies! Well, ok, MANY of the single ladies feel that buying a home is Beyoncé their means”.

Down payment

Why The “Good Enough” Home May Be The Right Choice

How about not buying the perfect home but finding one that is “good enough”?  Buying the right home that doesn’t break your budget can help lay a solid financial foundation.  It is better to see buyers purchase a home …

Appraisal Gap Options for Buyers and Sellers in a High-Demand Market

Today’s purchase market is like one we have never seen. High demand and low inventory are driving purchase prices well above the list price. With this demand, buyers are paying more than the appraised value.

If an appraisal comes in …

How Does Housing Play a Part in Generational Wealth?

racial diversity in homeownershipDespite gains made after the signing of the Fair Housing Act in 1968, currently 71 percent of Asian Americans, 54 percent of Hispanic Americans, and 63 percent of White Americans can afford to buy the typical home compared to only …

How to Navigate the Bidding Wars When Buying a Home! Part 2

Do your homework

Start looking at listings online, even if you aren’t quite ready to begin the process yet. It will give you an idea of neighborhoods and home types you like that are within your budget.

Get educated!!  Start …

7 Tough Questions to See if Your Are Ready to Buy a Home!

One of the biggest reasons holding potential home buyers back is education and cost.  EducateHomeBuyers.org holds “free” virtual classes to help folks understand the process and takes the anxiety out of the purchasing a home.  There are many individuals and …

Everything You Need to Know About Finding an Accessible Place to Live

Image via Unsplash

A comfortable and supportive environment is something we all want in our homes. However, finding accessible housing that fits the bill can be tough. Read on as we explore some simple strategies that can help you score …

Why Aren’t Buyers Reading Their Paperwork?

The mortgage lending industry does not want to ever hear this statement again, “I don’t know what kind of loan they gave me.”  Since 2008, we have experienced a flood of new regulations and disclosures.  All of them to Read disclosures before signingbenefit …

Two Reasons Why People are Buying a Home in the Middle of a Pandemic!

Someone just sent me a joke and I think it is worthy of sharing since this year is one for the record books (in a bad way).  If 2020 was a math problem, it would go like this…….If a canoe …