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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Some savings you can use toward a down payment and closing costs? While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Assess your readiness.

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Sometimes you’ll even find grants to help you with closing costs and down payments. Source: (LinkedIn Sales Solutions / Unsplash). Our America’s Home Grant program offers credits for closing costs, and Our Down Payment Grant covers down payments. Get preapproved for a loan at this stage. Sound great?

Loans 101
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This Checklist and Timeline Is Your GPS for Buying a House

HomeLight

The planning stage (1 to 3 years before purchase). Be ready to pay closing costs, which could be up to 5% of the price of the house. Those funds are due on closing day. In a hot market, sellers are less likely to pay toward a buyer’s closing costs, she notes. Source: (Shopify Partners / Burst).

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How to Sell a House by Owner in New Jersey

HomeLight

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.