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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102
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Zillow: How Your Buyers Can Score Their Dream Home

RIS Media

Here are some tips from Zillow for how your buyers can score their dream home despite the bustling market: Financing. According to a Zillow survey, offers typically fall through because of issues with money, mortgage or financing. Be sure to also clarify the difference between pre-approvals and pre-qualifications.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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Bidding Wars Galore: Tips to Make Your Offer Competitive

Dwell Real Estate

These are crazy times for our local real estate market. In a hot housing market, it’s often not enough to quickly make an offer on a house you just discovered. Get Pre-approved Pre-approval is a step most buyers will take anyway, but it’s absolutely essential for anyone in a competitive bidding situation.

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Bidding Wars Galore: Tips to Make Your Offer Competitive

Dwell Real Estate

These are crazy times for our local real estate market. We came across a great article in Forbes discussing how to navigate through a multiple offer situation and ways to put you in a better scenario to win the bidding war. In a hot housing market, it’s often not enough to quickly make an offer on a house you just discovered.

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How to Find the Best Real Estate Agent When Buying or Selling Your Home

Redfin

Congratulations, you’re in the market to buy a house. Get pre-approved: It’s also a good idea to get pre-approved on a home loan before you start. Or, at the very least, use a mortgage calculator to better understand the price range you can afford and mortgage payment you’re comfortable paying every month.

Agents 73
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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores. Qualifying for a HUD home.