6 Best States for First Time Homebuyers

Saving up enough money to buy a home can be challenging for most anyone, but that burden is particularly heavy for first-time homebuyers. Just coming up with the whopping twenty percent down payment.  Over half of Americans do not even have one thousand dollars in savings much less fifty to eighty thousand lying around for a down payment.

The good news is you may not necessarily need the full twenty percent down if you are a first-time homebuyer.  The average down payment is more around eleven percent, and among buyers under the age of thirty-five, it is even lower at around eight percent.  However, even at eight percent in some areas like Los Angeles, San Francisco, or New York City eight percent is can still hover around forty to fifty thousand dollars.

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Prepping to Buy a Home

If you are a buying a house for the first time, you must prepare for some additional, unexpected expenses. When buying a home, there are almost always additional costs you will incur that you had not thought about before buying.  We know you were excited because you found that ideal home at the right place in the right neighborhood with almost all those features you had on your checklist.  Be careful though because you do not want to end up paying a ton of money unexpectedly right after you move in.

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4 Great Cities for First Time Homebuyers

Looking for a great city to settle down and start a family can be a hard task.  First-time homebuyers need security and long-term investment to feel comfortable buying.  As we all know, the housing market has its highs and its lows, and that is just the normal cycle.  There is always a stretch where the market rises, and we enter a seller’s market followed by a shorter stretch where the market tends to favor the buyers. This fluctuation in the housing market can make buying a home somewhat daunting for first-time homebuyers, especially when the real estate market is so hot.  First-time buyers are looking to buy in a city where they can settle long term, but often wonder if the market is too hot to buy.  So hot in fact that they are forced to look all across the country looking for a city with fair home prices and a solid job market.
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6 Steps to Save Money for a Down Payment

One of the most significant hurdles to overcome when buying a home is saving enough money for a down payment.  Second behind that is poor credit which we talk about here.  Saving money is hard and when it comes to keeping more of their hard earned money the majority of Americans are all in the same boat. Take a look at this recent survey which suggests a surprising 57 percent of Americans have less than 1000 dollars in savings, and a staggering 39 percent have no savings at all.  The struggle to save money in today’s economy is a genuine struggle.
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7 Steps for Buying a Home in the New Year

Happy New Year!  Welcome to 2018.   Glad you made it.   Here’s to another great year for you and yours.
If you have been waiting to buy or rent-to-own a home, then let’s take some steps this new year to get you into a home of your own.   This year’s housing market is looking to grow yet again though overall growth is beginning to show signs of leveling out.  2018 should be a great year to fulfill that life long goal of becoming a home-owner

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What to Assess When Buying a Home

 

No matter if you are already a homeowner or just a renter looking for some digs you can call your own, you have to be prepared for the house hunting journey.  There are a surprising number of telltale signs which can help determine if the home you buy is a sound investment.  There could be anything from a significant crack in the foundation to rotting beams in the attic due to damaged flashing.  These things and many others will end up costing the buyer, even more, money in the short term to repair or correct.  So, it is mission critical to assess a home and judge its worth with a professional.  We’ve assembled a must-check list to serve as a not only a reminder but as an essential tool to aid you, and your home inspector pick the right home at the right price.

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Technology to Make your Home Eco-Friendly

Eco friendly and energy efficient homes are all the rage lately and rightly so,  it is estimated that the average single family home in America consumes around 960 Kilowatts hours of electricity and roughly 12,000 gallons of water every single month.   You can clearly see and understand why being energy efficient is incredibly important.  Eco friendly technology is great for the environment because it can help conserve our natural resources.    As an added bonus this tech can also save you a ton of money on your monthly bills and who doesn’t like saving money?   So why not pad your pocket with some extra spending cash and help save the planet at the same time.

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Important things to look for when buying a home

4 Important Things to Look for When Buying a Home

When you begin the process of searching for a new home, it’s easy to become overwhelmed when deciding what type of home best suites your needs   Some things are more important than others for financial reasons, while others have more of an emotional or aesthetic value.   Whether you’ve got the finances available to go ahead with a traditional mortgage, or you’re looking into a rent-to-own agreement, keep the following issues top of mind when looking for a home. (more…)