Posts Categorized: Uncategorized

10 Steps to Buying a Home

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Buying a home is the quintessential American Dream for many and the reality isn’t too far off the mark. Purchasing a home is one of the easiest ways for a family to attain wealth with minimal risk when the home is chosen strategically. The key is to understand the entire buying process and how each… Read more »

Goal Setting and Budgeting for Homebuyers

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The desire for homeownership connects people from all walks of life. It creates the feeling of security and permanence. It leads to wealth building. According to Eye on Housing, Americans focusing on financial security have 24% of their wealth located in their primary residence. This is more than any other asset, including stocks, bonds, 401ks… Read more »

Lender Choice and Pre-Approval in The Buying Process

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The choice has been made; you’re buying a home! Congrats! Now, comes the “fun part”. Starting the home buying process continues with one of the more confusing parts of process for new buyers: lender choice & pre-approval. It is a standard in the real estate process for buyers to have a pre-qualification letter from a… Read more »

Finding the Ideal Agent

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During the homebuying process, you will collaborate with and speak with your real estate agent more than any other party. This person will be your right hand, support system and expert throughout the home search. Find an agent that fits your needs and they’ll work for you to find the ideal home in the proper… Read more »

Shopping for a Home

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Looking at homes can be an exciting adventure.  Once you decide you’re purchasing a home, window shopping because a more serious venture. Completing the preapproval process with your lender before beginning the serious home search is so crucial because some homes that may be “dream homes” can be out of the realistic budget. A pre-approval… Read more »

Real Estate Contract Negotiation

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As a buyer, finding the perfect home in a realistic budget can be one of the most exciting purchases in a lifetime. Now that the desired home has been found, it’s time to create a contract in coordination with the buyer and their agent. A contract, or purchase offer, is a legal transaction that outlines… Read more »

Property Inspections During the Home Buying Process

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A property inspection is by far one of the most important portions of the home buying process for any potential buyer. Although home inspections are optional, it is suggested that all buyers spend the additional funds to attain a home inspection. Home inspections average between $300-$500 dependent on the area, but can save the homeowner… Read more »

Home Buying Appraisals

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Once under contract, lenders require an appraisal prior to closing. An appraisal is quite different from a home inspection. A home appraisal is an unbiased and professional opinion on how much the home is worth. This is a required step by lenders that ensures their investment. An appraisal determines the worth of the home and… Read more »

Purchasing Home Insurance

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Now that such a large investment is drawing to a close, it only makes sense to insure the property for both parties: the lender and buyer. Homeowners insurance protects the homeowner and the contents of the home in case of accidents, theft and other disasters. These unforeseen circumstances can cause serious stress to homeowners and… Read more »

Closing on A Home

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Finally, the home stretch of the buying process: Closing! All inspections have been completed and the appraisal has been processed. This means the next steps for the buyers, sellers, agents and lenders is to work with the title company to become clear to close on the property. Closing is the formal process where a seller… Read more »