Story by MoneywiseFor many young Americans, buying a first home is now a dream deferred. The average first-time buyer is 38, up from the historical range of 29 to 33, according to the National Association of Realtors.
“First-time buyers …
Archive for HomeBuyerEducation
Homeownership remains at the core of the American Dream. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth. The Federal Reserve’s 2019 Survey of Consumer Finances found that the median net worth of …
Education! Education! Education! – it is by far the best piece of advice when buying your first house. The home buying process can be stressful and full of anxiety if you don’t know the steps.
Buyers get swept up in …
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 …
This is Part 1 of 2 on how to navigate the bidding wars when purchasing a home.
The pandemic has shown individuals and families that they need more space to “work from home” (WFH). More Americans see the value of …
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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 …
A divorce can be traumatic, stressful, and complicated event. Â Once the dust settles and the divorce in final, an ex-spouse, or both spouses, must search and establish a new home. Â A new home signifies a new fresh start and security …
The terms “pre-approval” and “pre-qualification” for a mortgage are different, although some lenders use the terms interchangeably. Both can help you get started with your home buying, but are useful at different points in the process.   Pre-qualification is solely based …
First-time home buyers want to know what they should be doing to successfully secure a property. Whether you’re buying alone or with somebody else, in the city or in the country, for yourself or as an investment, it helps to …