Posts with tag 'First-time buyers'
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21
5 First-Time Homebuyer Mistakes You Should Avoid
Purchasing a first home is one of the largest financial decisions most people make in a lifetime. The process can be an emotional roller coaster -- stressful, exciting, and overwhelming at the same time. For inexperienced homebuyers, it can be difficult to know what to expect and it's common to make mistakes during the house-hunting process. However, with a little preparation and research, you can avoid costly pitfalls and prevent major issues from popping-up down the line. Below are some tips to help you make the best decision when purchasing your first home.
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Guide to Closing Costs for First-Time Buyers
Like most major purchases, buying a home involves expenses beyond the reported sale price of the home. Some of these expenses are for processing key paperwork, and others cover measures to help you aware of potential issues with your purchase. Our real estate agents want you to be prepared for the full process of buying a home. Some expenses consist of a flat fee, such as the mortgage application or home inspection fee. Other expenses represent a percentage of the sale price. While exact figures are hard to determine before you make an offer on a specific home, knowing what these expenses are can help you estimate a figure for the assorted expenses involved.
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How to Draft a Personalized Offer Letter
After days, weeks, or even months of browsing Richmond homes for sale, you've found the perfect house for you. Research and diligence have placed you in the best position to take the next steps — submitting an offer.
19
Final Walk-through Checklist for Home Buyers
You've found your dream home, your offer was accepted, and now you're anxiously awaiting your closing date.
While it might seem like the hard part is over, there is one more thing you need to take care of before you sign your closing paperwork: your final walk-through. It is your last chance to make sure the home is exactly as it should be before it becomes yours. This is not something you should take lightly.
During your walk-through, you'll want to make sure that all repairs are complete and that nothing has changed since the last time you saw the home. To help make sure you don't forget anything important, our REALTORS® have created the following final walk-through checklist. Let's get started!
2
3 Things To Know In The Housing Market Today!
A lot is happening in the world, and it's having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don't know yet.
The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest Rates
One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. We recently po...