Classes, Conversations and Other Ways to Educate Yourself About Home Buying

Preparing to buy your first home? Research should be a top priority at this time. An educated buyer is a successful buyer and, fortunately, there are many resources that help home buyers learn about credit, budgeting, financing, selecting a home, homeowners insurance, closing, taxes and agency. Once you’ve reviewed realestate.com’s first-time buyers guide, dig into…

Say What? Home Buying Lingo You Should Know

DTI, PMI, LTV … TBH, it can be hard to keep all this stuff straight. Designed to help you shine, this lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal management company (AMC): An institution operated independently of a lender that, once notified by a lender, orders…

Real Talk About Mortgage Lenders and Home Loans

First-time buyers have one bomb resource on their side: lending options. Sure, you can walk into your local bank, apply for one loan product and call it a day. But unearthing the best deal requires a little more research and inquiry. Here’s how to find the best mortgage lender and loan for you. Mortgage Lenders:…

Why Shopping with Pre-Approval Is a Must

Shopping for homes without pre-qualification or pre-approval is like flying blind. Putting all your info on the table at the jump prevents surprises at closing and potential loss of money. Let’s dig in. A Good Start: Pre-Qualification Pre-qualification is the process by which a lender loosely determines your eligibility and price of home you can…

A Condo, House or Townhouse. Making the Right Choice

Condo, house or townhouse: What home type is best for you? A single-family home gives you more independence, but also comes with greater responsibility. A condo or townhouse offers amenities and frees you from snow removal, lawn care and outside maintenance. To make a smart decision, weigh the following factors before you go home shopping….

Buying a Home for the Here and Now or Five Years from Now

Loan pre-approval: done. Agreement with the real estate agent: signed. Home search: about to happen. A few things may be running through your mind right now: “Should I buy for who and where I am right now? Or should I buy a home that will accommodate kids, a home-based business or whatever else may come…

Up-and-Coming Neighborhoods: Before You Buy

You’ve got your eye on an older neighborhood that needs a little love. You can tell, just by looking at the architecture, that the place must have been completely dreamy when the first residents moved in. Now, not so much. There’s word on the street that things are changing. Some young couples are moving in,…

A Killer House Bidding Strategy: Think like a Seller

With sky high rents and rock bottom interest rates, it seems the perfect time to buy. But there’s a problem: not a whole lot of houses to go around. It’s not uncommon for a seller to list a home on Friday morning and, by Sunday night, have a pile of offers to sort through. So…

Let’s Do This: Making an Offer

Making a purchase offer is two parts logic, one part emotion and one part pure guts. How much should you offer? Is your opening bid too high or low? Are there competing offers? Will the house appraise? Here are some super-important factors to consider when writing a purchase offer on a home. Forget the List…

Killing It at a Home Auction

You could go the traditional route and purchase a home with the help of a real estate agent. But you’ve been hearing the buzz about real estate auctions and the bomb deals to be had. Sounds like a super-smart way for a first-time home buyer to save money, right? Before you hop online or head…