A new report has just been released which identifies the 6 most common and costly mistakes that homebuyers make when buying a home.
Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense.
Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you inform yourself about the factors involved.
Buying a home is a major investment no matter which way you look at it. But for many homebuyers, it’s an even more expensive process than it needs to be because many fall prey to at least a few of many common and costly mistakes which trap them into paying too much for the home they want, losing their dream home to another buyer, or worse, buying the wrong home for their needs.
A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also buy the home that’s best for you.
Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs – on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you’re not informed and prepared.
Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. While not all of these costs will apply in every situation, it’s better to know about them ahead of time so you can budget properly.
Remember, buying a home is a major milestone, and whether it’s your first, second or tenth, there are many small but important details, not to mention stress and excitement, to deal with during the process. The last things you need are unbudgeted financial obligations in the hours before you take possession of your new home.
A new report has just been released which identifies a fool proof 3-point plan which any homebuyer can use to secure the best financing rates when they buy a home.
When you’re looking to buy a home, the first thing most homebuyers do is start the process of house hunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.
The experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Point Plan“. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, what questions you should ask, and how to manage the process to your personal advantage.
A new home ownership program allows qualified buyers to buy a home with a very low down payment (in some cases as low as zero).
You may have owned a home before and are presently renting, or maybe you are a first time homebuyer and need a way to break into the housing market, but held back because you thought you required $10,000, $20,000 or even more for a down payment. Well, regardless of your present situation, if you want to get into or re-enter the housing market with a lower amount, or even without a cash down payment at all, then this new program may be just what you’re looking for.
Why pay your landlord’s mortgage when you can be building your own equity?
If you are looking to break into the housing market, it is important that you are ready to act when the right house comes along. Affordable homes, in desirable neighborhoods, sell quickly due to high demand.
Before deciding that your next home must be a fixer upper… you should do some homework on the subject. Many prospective homebuyers tend to have a romanticized version of the entire process, and are quite shocked when confronted with the hard reality.
Fixer Upper homes can represent a great opportunity to purchase a home for less… as long as you thoroughly research the facts, and run the financial numbers BEFORE you purchase.
To help homebuyers who may be wondering whether or not a fixer upper even suits their present personal and financial needs, industry experts have prepared a FREE Special Report entitled, “Fixer Uppers: Myths & Facts – What You Should Know Before You Buy”. This report dispels the 5 most commonly held myths surrounding fixer upper properties, and also provides a simple financial formula for estimating available profit, or savings.
When you are ready to purchase a home, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective in the final buyer they choose to negotiate with. In such a crazed seller’s market, it’s not uncommon for a home seller to receive multiple offers on their property. With that said, there are certain things you can do to make certain that your offer is the one Seller goes with.
The vast majority of Purchaser’s today go about the process entirely wrong, putting themselves at an overwhelming disadvantage!
Let’s look at this from the Seller’s perspective for a moment. If you were the Seller and had multiple offers on your property, all things being equal, would you accept the one with Certificate of Financing Approval or the one that was still Conditional on Financing? The answer is obvious. Why then, do so many buyers wait to start the financing until after they have found the home?
Even though most people will eventually be approved, having a Certificate of Financing Approval allows the Seller to accept your offer over other competing offers that still require financing approval.
Lastly, from a cost savings perspective…
As a prospective purchaser, it makes all the more sense to start the financing early on so you can get a firm handle on your interest rate and estimate of points and closing costs. If you do this before finding a home, you are not under any time constraints and are less likely to over pay like a buyer who has found a home and is under strict time constraints.
Should you decide that you wish to get Pre-Approved, simply complete the form on this page? The system will forward your information to a certified mortgage professional who can assist you in locating the absolute best mortgage rate and lowest closing costs possible.
A new report has just been released which identifies the 6 most common and costly mistakes that homebuyers make when moving up to a larger home.
Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to understand these issues before you list your home for sale.
Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.
Attention Home Buyers
You can receive free priority access to All Hot New Listings from all real estate companies!
- Free list of homes for sale
- Search the internet yourself
- View New Listings just like Real Estate Agents Do
- Simply enter your price range, desired features and location
Color pictures and comprehensive details of each home.
- Beat out other buyers to hot new listings.
- Includes luxury homes, fixer uppers, Bank Foreclosures, Distress Sales.
Although most homes for sale are resale’s, one out of four homebuyers purchases a new home. Which is better: existing or new?
The right answer, of course, is up to you. Both resale’s and new homes offer advantages. Existing homes are less expensive on average, and are generally closer to, and enjoy the warmth and surroundings of, established neighborhoods. New homes, on the other hand, offer innovative use of space, modern energy efficiency, and choices of options and upgrades. What’s more, everything is new – even the neighbor.
The choice that’s right for you depends on many things: your finances, your family composition and your taste. The fact of the matter is, most buyers consider both new and resale homes before they decide.
If you’re like most homebuyers, you have two primary considerations in mind when you start looking for a home. First, you want to find the home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price.
When you analyze those successful homebuyers who have the experience to purchase the home they want for thousands of dollars below a seller’s asking price, some common denominators emerge. Negotiating skills are important, but there are three additional key factors that must come into play long before you ever submit an offer.
If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.