Category: For Buyers
Awareness is Key to Safeguarding Against Scams
When it comes to safeguarding against scams, awareness is key. By being vigilant and recognizing consistent red flags, you can effectively thwart scammers in their tracks. Stay one step ahead and keep an eye out for these warning signs to protect yourself from falling victim to fraudulent schemes. Unexpected contact – You receive unanticipated contact by... Read More
How to Buy Your First Home as an Investment and Retire Rich
As young people enter the full-time workforce and begin to think about living on their own, it may not seem practical or wise to consider buying a home. However, it may be a pivotal decision for your financial security and future retirement. Rents are going to increase based on the shortage of rental units needed for... Read More
Negotiate With the Seller Like a PRO
Having a negotiation plan is paramount when it comes to navigating the complex world of real estate as a homebuyer. It’s no secret that buying a home involves a significant financial investment and numerous variables that can impact the outcome of the transaction. By formulating a well-thought-out negotiation plan, homebuyers can approach the process with... Read More
Evaluate Your Mortgage Loan Types
Making an informed decision about securing a mortgage loan is vital, as it involves understanding the available options and considering relevant factors. With a range of mortgage types designed to cater to diverse needs, it is essential to carefully evaluate your circumstances and goals to select the most suitable option. By taking the time to... Read More
Exploring Down Payment Sources for First-Time Homebuyers
Aspiring homeowners can overcome the challenge of saving for a down payment by taking advantage of various sources of assistance. Discover a variety of down payment sources available to first-time homebuyers, from family gifts and retirement account withdrawals to tax refunds and down payment assistance programs, empowering them to achieve their dream of homeownership. Implementing effective... Read More
The Best Rental Property Strategy for Beginners
Getting started on the road to rental investments is generally the most difficult obstacle for people without 25-30% down payment. That is where buying the property as an owner occupant can be a huge advantage. The first example would be to buy a home to live in with a minimum FHA down payment of 3.5%. If you... Read More
Talking Points to Identify an Agent
Having a list of talking points prepared before meeting with a real estate agent can be incredibly valuable in guiding the conversation and helping you make an informed decision about who will represent you in the sale of your home. Whether you’re a first-time seller or it has been a while since you last sold... Read More
Shopping Mortgage Rates
Nobel Prize recipient, Richard Thaler, in his research into seemingly irrational economic behaviors, “found that consumers generally search too little, get confused while evaluating complex alternatives, and are slow to switch from past choices, even if it costs them.” “Why are consumers leaving money on the table?” Based on this behavior, a borrower securing a mortgage... Read More
Who Benefits From Selling a Home As-Is?
A person’s decision to sell their home comes with a lot of other decisions causing an owner to stress or procrastinate. Early in the process, the owner will consider selling the home “As Is” to avoid the looming issues that accompany selling a home. From a seller’s standpoint, “as is” means the buyer will purchase the... Read More
Tell Me More About Closing Costs
There are fees and expenses associated with mortgages that must be paid by the closing date for closing costs, and pre-paid items, in addition to the down payment. These amounts can vary according to the type of loan, mortgage company, customary practices of the area, and the terms of the contact. According to Freddie Mac, the... Read More