First-time home buyers guide: 23 first-time buyer questions answered
The Mortgage Report
OCTOBER 16, 2020
This first time home buyer guide tells you what you need to know. Considering making the jump from renter to homeowner?
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The Mortgage Report
OCTOBER 16, 2020
This first time home buyer guide tells you what you need to know. Considering making the jump from renter to homeowner?
Marco Santarelli
OCTOBER 14, 2023
Buying a home is a major life milestone, and it can be especially daunting for first-time homebuyers. But don't worry, there are a number of government programs that can help first-time homebuyers make the dream of homeownership a reality. What Are Government Programs for First-Time Homebuyers?
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Housing Wire
APRIL 15, 2024
Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.
Zolo
DECEMBER 21, 2020
We’ve created a guide to help first-time home buyers get the most out of their purchase. The post A resource guide for the first-time home buyer appeared first on Zolo.
The Mortgage Report
DECEMBER 20, 2022
USDA loans have some special requirements for home buyers. Learn about income limits, eligible locations, and other USDA loan requirements.
Housing Wire
OCTOBER 16, 2023
In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.
The Mortgage Report
NOVEMBER 19, 2021
This 10-step home buying checklist will help you get the home you deserve at the price that's right for you.
Housing Wire
JANUARY 29, 2024
When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. Now, take that and one-up it. These small details make a substantial impact.
Housing Wire
JANUARY 23, 2024
For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.
The Mortgage Report
MARCH 12, 2021
Can you buy a house with no credit? Often, the answer is 'yes,' if you know which type of loan to use. Here's how to get approved with no credit score.
Housing Wire
FEBRUARY 22, 2024
Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. They have gone through all of this and it will end up being punitive to buyers.
Housing Wire
APRIL 8, 2021
Department of Agriculture increased for the sixth time in seven months to its highest level in a year – up.4%, It’s an indicator that the non-QM sector is showing a strong rebound after many lenders pulled back from jumbo products in the first half of 2020. A homebuyer’s guide to a competitive housing market.
Housing Wire
JANUARY 18, 2021
Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. A homebuyer’s guide to a competitive housing market.
Housing Wire
OCTOBER 27, 2023
Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. These virtual marketplaces provide efficiency, transparency and accurate information to facilitate home transactions. And if those same consumers had to go it alone without buyer representation?
Housing Wire
JANUARY 2, 2024
First, you’ll need to meet Pennsylvania’s 75-hour prelicensing course requirement. From Philadelphia to Pittsburgh, you’ll find everything from self-paced courses to in-person classes in this guide. The CE Shop’s post-licensing courses meet Pennsylvania’s 14-hour continuing education requirement for first-time renewals.
Housing Wire
JANUARY 4, 2021
If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. A buyer’s market in 2021? With that said, it does seem like buyers will see some relief at some point.
Housing Wire
SEPTEMBER 5, 2023
Buying and selling a home can be a confusing, intimidating process. Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ?
Housing Wire
DECEMBER 8, 2023
You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they buy first or sell first?
Housing Wire
OCTOBER 14, 2021
From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.
Housing Wire
MARCH 25, 2021
If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. However, there are two popular options lenders use with buyers. Haven’t heard of them?
Housing Wire
APRIL 27, 2021
A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. A homebuyer’s guide to a competitive housing market. Here is a homebuyer’s guide to navigating bidding wars and low housing supply.
Housing Wire
MARCH 27, 2024
The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. With that said, I don’t spend time arguing with those who don’t value what I do for a living, because so many people do value my expertise and guidance.
Housing Wire
SEPTEMBER 18, 2023
I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.
Housing Wire
MARCH 8, 2023
Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. The program first rolled out to a select group of customers in 2022, resulting in $1.1
Housing Wire
JULY 9, 2021
But even though home prices are at record highs , buyers are still in the market. Are you in the market for a home? A buyer in Austin, Texas paid $1 million over a home’s listing price. According to the founder of The Agency Texas, Thomas Brown , the buyer was bidding for a home against multiple offers.
Housing Wire
MAY 28, 2021
According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. Keep reading to learn whether a turnkey home or fixer-upper is the right option for you: More for Real Estate Enthusiasts. Buying a house that needs work?
Housing Wire
APRIL 9, 2021
The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. A homebuyer’s guide to a competitive housing market. Presented by: Citibank.
Housing Wire
JANUARY 2, 2024
From Bethesda and Towson to Havre de Grace and Silver Spring, it’s now easier than ever to complete the required 60 hours of real estate prelicensing classes from the comfort of your own home in Maryland. Let our expert guide help you pinpoint the best Maryland real estate school and program to fit your goals, budget, and learning style.
Housing Wire
MARCH 25, 2021
The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs. “[The first time homebuyers] have good credit but struggle to put 20% down on their first house,” Merkle said.
HomeLight
APRIL 19, 2024
If you’re planning to sell your home in Philadelphia, you need to have a full understanding of all of the financial implications, including real estate transfer taxes. Our guide will explore how transfer taxes work in Philadelphia, outlining the various types and what sellers should anticipate paying. Who pays for transfer taxes?
HomeLight
APRIL 22, 2024
If you’re planning to sell your home in Pennsylvania, you need to have a full understanding of all of the financial implications, including real estate transfer taxes. Our guide will explore how transfer taxes work in Pennsylvania, outlining the various types and what sellers should anticipate paying. Who pays for transfer taxes?
Keeping Current Matters
JULY 28, 2020
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. See graph below): Why the rise in first-time homebuying? There are, however, challenges for first-time buyers.
HomeLight
APRIL 10, 2024
When selling your New Jersey home, you have to consider a number of factors that will impact your bottom line—one of which is the real estate transfer tax. Understanding how transfer taxes work in New Jersey is important as you prepare to sell your home in the Garden State. Don’t worry. Find Agent What are transfer taxes?
HomeLight
APRIL 24, 2024
When selling your home in South Carolina, it’s important to understand the various costs involved, including real estate transfer taxes. help clients sell their home for as much as 10% more than the average real estate agent, helping offset the tax bill. Find Agent What are transfer taxes? Who pays for transfer taxes?
Lighter Side of Real Estate
FEBRUARY 29, 2024
1 Out of Every 4 Agents Gets Sued in Their Career While you have every right to be concerned, keep in mind that this isn’t the first, last, or by any means only time agents have gotten sued. The fact that an agent can get sued is something they drive home in licensing school. Stick to giving advice you’re qualified to give.
Keeping Current Matters
MARCH 15, 2021
Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Listen to Your Real Estate Advisor. Make a Fair Offer.
Realty Biz
OCTOBER 29, 2023
Selling a home can be a stressful and challenging process, and when you add kids into the mix, it can become even more complicated and overwhelming. Children can create chaos, and their needs and routines can clash with the demands of home showings and open houses. Safety First : Take the time to childproof your home.
Keeping Current Matters
OCTOBER 13, 2020
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months. A trusted agent and your lender can guide you through the process.
HomeLight
MARCH 22, 2024
When you bought your home, you probably remember paying closing costs beyond the purchase price. Now you’re preparing to sell, and a common question for first-time sellers is, “Who pays closing costs when selling a house?” When it comes to closing costs, both sellers and buyers have their own sets to cover.
Realty Biz
JANUARY 13, 2024
When buying a home, asking your Realtor the right questions is crucial. Many articles are written about how to interview a Realtor when selling a home. We will examine the key questions to ask a buyer's agent and the benefits of working with one. Understanding the role of a buyer's agent is crucial.
Real Trends
OCTOBER 16, 2023
In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.
Easy Agent Pro
APRIL 8, 2024
.’ Don’t forget ‘Negotiation Skills for Realtors,’ ‘The Psychology of Home Buyers,’ ‘Ethics in Real Estate Practice,’ and ‘Innovative Marketing Strategies.’ This knowledge will help to better guide clients in their real estate journey.
CT Homes
DECEMBER 8, 2023
This guide is designed to help you navigate this process with ease, offering you actionable advice and practical steps. Additionally, we’ll explore the benefits of selling to cash buyers, an option that simplifies the selling process significantly. Staging is another key aspect of preparing your home. We can close quickly!
Realty Biz
JANUARY 10, 2024
Selling a home for the first time is a significant learning experience. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. It's one of the first steps in the home selling process that needs to be avoided. Let's dig in.
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