Where to start when buying a houseSome of the first things to consider when you’re buying a home are how much you want to spend, where you’d like to live and what’s important to you as a buyer. Here a few questions to ask yourself: How much house can I afford? Am I going t...
Increase your earnest money.“Earnest money” is a deposit to show you’re committed to buying a house. If a seller accepts your offer, your earnest money will be placed in an escrow account until closing. When you close, that money counts toward your down payment and closing costs. How ...
Scroll down to read more about the other steps to home ownership. Related posts: Buying A Home: Making The Used Vs. New Decision Save Money On Safety Issues When Buying A Home Question 2 – Should I Be Buying A House? Follow These 3 Steps When Holiday Debt Gets You Down...
The homebuying process can be equally exciting and tricky. Check out our step-by-step guide to buying a house to make this process simpler.
I bought my first home at age 26. Now I've written a definitive guide on how to buy a house, and the most important terms and FAQs.
After you and the seller reach an agreement, the house will go into escrow. During this time, all of the remaining steps in the homebuying process will need to be completed. Pay your earnest money:When you’re a homebuyer, you’ll be required to put between 1% and 3% down asearnest ...
In terms of planning ahead for maintenance and repairs, while shopping around, you'll want to ask when the appliances were purchased and installed so you'll have a better idea of when they'll need to be replaced. "If you're buying a house that's a bit older, that can come with its...
SO YOU'RE going to take the plunge into real estate ownership. Congratulations.Let me help you with my Top 10 Tips for buying your first home.1. Decide what you can affordTake a look at your salary, debt levels, cost of living and the repayments you'd face on your ideal property. ...
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Buying a home you cannot afford and tying up all of your cash into a down payment and income into mortgage payments is the most obvious way of becoming house poor. However, you can also grow house poor if your housing costs increase dramatically. This can be due to increasing property taxe...