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Monday, October 30, 2017

SCARY - Buying a Home!

No it is not! But Buying a Home Can Be Scary... If You Do Not Know the Facts

Many things in life can be intimidating that first time around. I actually enjoy working with first time home buyers because it gives me a chance to teach and share the experience I have had as a buyer, a seller and a real estate agent. Once upon a time, I was a first time home buyer and someone helped me. This is about paying back.

Most of the apprehension is probably based on rumor or misinformation. That is one of the many reasons why working with a state licensed agent is your best option. As a buyer, you do not pay us any fees. We also do not earn a salary or hourly wage. Our fees are paid by the seller – whether you are buying a resale home or new construction where a builder is paying those fees.

Then there is a belief that you need 20% down – not true. Or that you need a super high credit score – not true and, in fact, far more relaxed requirements than just a short time ago. And, let’s not forget the fear of rejection that is out there. Did you know that the majority of recent applications for a home mortgage were approved? So, why don’t we look at your situation and find out what you can qualify for. I’ll be ready to answer your questions along the way


Either Way, You're Paying Someone's Mortgage

If you are a regular reader here, you already know this one. The truth is if you have a roof over your head, chances are you are paying somebody’s mortgage (mom and dad might be exceptions please!)

So the sooner you take that step forward, the sooner you are investing in yourself. Homeownership has been the American Dream for hundreds of years. There are many reasons for that


Cost of Renting vs. Buying a Home

Things have changed a lot in this century. Some appear to be quite crazy and the cost of renting vs the cost of buying is perhaps near the top of that list.

Have a look at the chart and the report. Compare the income needed to afford the median apartment and the median home. What would you like to do next


Save on a Mortgage Payment

Whatever your situation in life, an option that may be worth considering is a “roommate”. Seriously, if you are uncertain about your income covering the expenses of homeownership – or you would just like to have a greater cash cushion every month, the “roommate” could be the solution you are looking for. If you are waiting to buy because you want more than just a starter home – the “roommate” could give you the edge you are looking for. It is one way toward the end objective of homeownership

Millennials And Low Down Payment Programs

Over 60% of folks buying a home as first time home buyers bought with 6% down – or less. The folks that analyze all the “who is who” and “what they do” tell us that millennials and the first time home buyers understand that qualifying and buying has a lot of flexibility right now. There is a path to wealth and ownership is a step in the right direction. There is a home waiting for you. Are you ready to look