First Time Home Buyers

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You Need More Than a Guide. You Need a Sherpa.

By |2019-11-06T17:44:53+00:00October 10th, 2019|

In today’s world, hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one. In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn

Homeownership is the Top Contributor to Your Net Worth

By |2019-11-06T17:45:47+00:00October 9th, 2019|

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and

What FICO® Score Do You Need to Qualify for a Mortgage?

By |2019-11-06T17:47:26+00:00October 8th, 2019|

It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for

62% of Buyers Are Wrong About Down Payment Needs

By |2019-11-06T17:48:48+00:00October 7th, 2019|

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

By |2019-11-06T17:49:13+00:00October 4th, 2019|

    Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident

What to Expect from Your Home Inspection

By |2019-11-06T18:05:02+00:00October 1st, 2019|

You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some

How Does the Supply of Homes for Sale Impact Buyer Demand?

By |2019-11-06T18:05:54+00:00September 30th, 2019|

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

By |2019-11-06T18:06:16+00:00September 27th, 2019|

  Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12

Homeowners Are Happy! Renters? Not So Much.

By |2019-11-06T18:06:58+00:00September 26th, 2019|

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93%

Are You Ready for the ‘Black Friday’ of Real Estate?

By |2019-11-06T18:07:29+00:00September 25th, 2019|

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when