The document provides 8 steps for buying a home:
1) Decide to buy and overcome fears of not being able to afford your dream home. Buying your first home gets you closer to your dream home through building equity.
2) Hire a real estate agent who will educate you, guide you to suitable homes, and represent your interests.
3) Secure financing by understanding affordable mortgage payments based on your income, expenses, and down payment options.
4) Find your home by creating criteria for location, size, condition, neighborhood, and features important to you.
5) Make a competitive offer at or below fair market value as determined by recent local sales.
6) Perform due diligence ins
This document provides an overview of considerations for first-time homebuyers. It discusses doing research on closing costs, lawyers fees, finding a home, and closing the deal. It emphasizes the importance of understanding your own circumstances, finances, and preferences to make the best decision for you and your family. The document also provides tips on becoming educated, being aware of market trends, and knowing real estate rules of thumb to find a promising property.
The document tells the story of three salespeople - Joe, Sally, and Gary - and their approaches to selling tools to three prospects who need them for a building project. Joe focuses on demonstrating the tools but has to discount to make the sale. Sally asks questions to understand the project needs and bundles tools into a solution. Gary goes further by asking about the reasons behind the project and challenges the buyer's assumptions, resulting in a much larger sale that better meets the buyer's needs. The document advocates for a value selling approach that focuses on customer outcomes over just demonstrating products.
Your first home by the book seminar us_2010_revised (1)peytonlifecoach
This document summarizes the steps for first-time home buyers. It outlines 8 steps: 1) decide to buy, 2) hire an agent, 3) secure financing, 4) find a home, 5) make an offer, 6) perform due diligence like inspections, 7) close on the purchase, and 8) protect your investment. It also addresses common fears about buying a home and provides facts to alleviate those fears. Overall, the document is meant to guide first-time buyers through the entire home buying process.
The document provides an overview of the home buying process in 8 steps: 1) decide to buy, 2) hire an agent, 3) secure financing, 4) find a home, 5) make an offer, 6) perform due diligence like inspections, 7) close on the purchase, and 8) protect your investment with maintenance. It discusses common fears around affording a home and available options like tax credits. The summary also outlines key aspects of each step such as choosing a loan, understanding mortgage options, making competitive offers, and post-purchase insurance and upkeep.
The Canadian government introduced new mortgage rules in April 2010 that require borrowers to meet standards for 5-year fixed-rate mortgages, lower the maximum amount that can be withdrawn from refinancing to 90% of home value, and require a minimum 20% down payment on non-owner occupied investment properties. The changes aim to support long-term stability in Canada's housing market by preparing borrowers for potential interest rate hikes and reducing speculation on non-owner occupied homes. Contact a real estate agent for more information on how these new rules may impact buying or selling a home.
This document provides guidance for homebuyers on the homebuying process. It outlines 10 steps for potential homebuyers, including determining if homeownership is right, assessing financial readiness, estimating costs, selecting a property, engaging professionals, finding a home, making an offer, completing the transaction, additional considerations, and home maintenance tips. The guide includes worksheets to help users assess advantages and disadvantages of renting vs owning, calculate net worth and monthly expenses, and estimate affordable home prices. It aims to clearly outline the homebuying process and provide tools to help consumers make informed decisions.
The document discusses the benefits of working with a REALTOR over other real estate practitioners. It notes that REALTORS can help navigate the complicated home buying/selling process, provide market information and opinions, use their expertise to find the best properties, have strong negotiating skills, and market properties using their large industry network. The document emphasizes that while most people only buy and sell a few homes in their lifetime, REALTORS do hundreds of transactions and are experts in the current real estate laws and market. It concludes that hiring a REALTOR provides the expertise needed to successfully sell a home in today's market.
This document provides information on various financial topics including retirement planning, home remodeling, lost savings bonds, and asset allocation. It discusses how pursuing passions even with less pay can lead to greater happiness in retirement. It also notes that asset allocation should consider goals, risk tolerance, and timeline rather than taking more risk than able to handle. Safety first is recommended by keeping investments broadly diversified and following basic investment rules.
This document provides an overview of considerations for first-time homebuyers. It discusses doing research on closing costs, lawyers fees, finding a home, and closing the deal. It emphasizes the importance of understanding your own circumstances, finances, and preferences to make the best decision for you and your family. The document also provides tips on becoming educated, being aware of market trends, and knowing real estate rules of thumb to find a promising property.
The document tells the story of three salespeople - Joe, Sally, and Gary - and their approaches to selling tools to three prospects who need them for a building project. Joe focuses on demonstrating the tools but has to discount to make the sale. Sally asks questions to understand the project needs and bundles tools into a solution. Gary goes further by asking about the reasons behind the project and challenges the buyer's assumptions, resulting in a much larger sale that better meets the buyer's needs. The document advocates for a value selling approach that focuses on customer outcomes over just demonstrating products.
Your first home by the book seminar us_2010_revised (1)peytonlifecoach
This document summarizes the steps for first-time home buyers. It outlines 8 steps: 1) decide to buy, 2) hire an agent, 3) secure financing, 4) find a home, 5) make an offer, 6) perform due diligence like inspections, 7) close on the purchase, and 8) protect your investment. It also addresses common fears about buying a home and provides facts to alleviate those fears. Overall, the document is meant to guide first-time buyers through the entire home buying process.
The document provides an overview of the home buying process in 8 steps: 1) decide to buy, 2) hire an agent, 3) secure financing, 4) find a home, 5) make an offer, 6) perform due diligence like inspections, 7) close on the purchase, and 8) protect your investment with maintenance. It discusses common fears around affording a home and available options like tax credits. The summary also outlines key aspects of each step such as choosing a loan, understanding mortgage options, making competitive offers, and post-purchase insurance and upkeep.
The Canadian government introduced new mortgage rules in April 2010 that require borrowers to meet standards for 5-year fixed-rate mortgages, lower the maximum amount that can be withdrawn from refinancing to 90% of home value, and require a minimum 20% down payment on non-owner occupied investment properties. The changes aim to support long-term stability in Canada's housing market by preparing borrowers for potential interest rate hikes and reducing speculation on non-owner occupied homes. Contact a real estate agent for more information on how these new rules may impact buying or selling a home.
This document provides guidance for homebuyers on the homebuying process. It outlines 10 steps for potential homebuyers, including determining if homeownership is right, assessing financial readiness, estimating costs, selecting a property, engaging professionals, finding a home, making an offer, completing the transaction, additional considerations, and home maintenance tips. The guide includes worksheets to help users assess advantages and disadvantages of renting vs owning, calculate net worth and monthly expenses, and estimate affordable home prices. It aims to clearly outline the homebuying process and provide tools to help consumers make informed decisions.
The document discusses the benefits of working with a REALTOR over other real estate practitioners. It notes that REALTORS can help navigate the complicated home buying/selling process, provide market information and opinions, use their expertise to find the best properties, have strong negotiating skills, and market properties using their large industry network. The document emphasizes that while most people only buy and sell a few homes in their lifetime, REALTORS do hundreds of transactions and are experts in the current real estate laws and market. It concludes that hiring a REALTOR provides the expertise needed to successfully sell a home in today's market.
This document provides information on various financial topics including retirement planning, home remodeling, lost savings bonds, and asset allocation. It discusses how pursuing passions even with less pay can lead to greater happiness in retirement. It also notes that asset allocation should consider goals, risk tolerance, and timeline rather than taking more risk than able to handle. Safety first is recommended by keeping investments broadly diversified and following basic investment rules.
Jeff Edmisten and Ruthie Buck thank buyers for reviewing their homebuyer guide. Their mission is to connect buyers with the best home deals and provide uncompromising commitment to exceptional service. They help buyers search for homes, write offers, and guide them through the entire purchasing process. Their client testimonial praises how they went above and beyond to help secure a home across state lines. The guide provides tips on estimating home buying power from rent, benefits of ownership, choosing a lender and mortgage, the home buying process, and more.
The document provides an overview of the steps to successful home ownership. It begins with addressing common fears about buying a home and provides facts to alleviate those fears. It then outlines eight steps to home ownership: deciding to buy, hiring an agent, securing financing, finding a home, making an offer, performing due diligence, closing, and protecting your investment. For each step, it provides guidance, tips, and statistics to help buyers navigate the home buying process.
This document provides tips to help consumers avoid becoming victims of predatory lending or loan fraud when buying or refinancing a home. It outlines 11 tips, such as attending homeownership education courses, carefully reviewing all documents before signing, and being wary of deals that sound too good to be true. The document also defines predatory lending practices like encouraging borrowers to provide false information, lending more than can be repaid, and targeting vulnerable groups. Consumers are advised to seek help from HUD-approved housing counselors if they have questions or concerns about any aspect of the home buying process.
Final Windermere Listing Presentation ProofRich Johnson
This document discusses the benefits of working with a REALTOR® to sell your home. It outlines 8 reasons why using a REALTOR® is advantageous, including that they have expertise to navigate the real estate process, provide market knowledge and property valuations, help find buyers, have negotiating skills, and can objectively represent the home seller's interests. The document also describes how a Windermere REALTOR® would help sell a home by researching its value, marketing the property, negotiating on the seller's behalf, and assisting with closing the transaction.
down payment? If so, you will need
mortgage default insurance (also called
CMHC insurance or Genworth insurance).
Mortgage default insurance protects
lenders if a borrower defaults on their
mortgage. It allows buyers to purchase
a home with a down payment of less
than 20% of the purchase price. The
insurance is usually paid as a one-time
fee and is rolled into the total mortgage
amount.
The cost of mortgage default insurance
depends on factors like the size of your
down payment, purchase price of the
home and type of property. Generally,
the smaller your down payment, the
higher the insurance premium will be.
Ask your l
The document provides information about the first-time homebuyer tax credit available to those who purchase a home between April 9, 2008 and December 1, 2009. It details that the credit is equal to 10% of the home's purchase price up to $8,000. It also explains that the full credit amount is available to single filers earning less than $75,000 and phases out at higher incomes. For purchases in 2009, the credit no longer requires repayment if the home is sold within three years.
Our certified counselors will analyze your situation and set up a plan to help avoid foreclosure. They will provide a free consultation and foreclosure advice. Their high success rate in helping homeowners avoid foreclosure gives them leverage with mortgage companies. They are familiar with foreclosure laws and can often stop foreclosures quickly. Contact them today for a free consultation to discuss options like loan modifications, short sales, or forbearance agreements that may prevent foreclosure.
This document shares 8 inspirational quotes and the lessons they teach. It discusses how quotes can inspire and motivate us. Some of the highlighted quotes teach to insist on yourself, achieve what you believe, change negative thoughts, choose to be tough through tough times, persist through challenges, forgive others, do what you say, and commit to excellence. The document encourages reflecting on these lessons to become more successful. It closes by asking the reader to share other inspiring quotes.
8 proven ways to increase testosterone levels naturallyVikas Gupta
This document outlines 8 ways to naturally increase testosterone levels, including weight lifting, avoiding excessive calorie restriction, managing stress, taking vitamin D and zinc supplements, getting quality sleep, using herbal supplements, reducing exposure to chemicals, and adopting an overall healthy lifestyle through diet and exercise. Weight lifting and high-intensity interval training are highlighted as the most effective forms of exercise, while vitamin D and zinc have the strongest evidence as testosterone boosting nutrients. Managing stress, getting enough sleep, and avoiding excess chemicals are also recommended for maintaining healthy testosterone levels and long-term health optimization.
8 Securities is Asia's first socially networked investing service that allows users to trade over 15,000 stocks and ETFs from US and Hong Kong. It offers a personalized trading portal with social networking, research tools, and best pricing. With offices in Hong Kong and Japan, 8 Securities has 50,000 customers and $700 million in assets under management. It has received several awards and recognitions for being a top online investing service.
This document describes a photoelastic stress analysis of the bending strength of a helical gear. The analysis involved creating a 3D photoelastic model of the gear, subjecting it to loading, and freezing the stresses. Slices were cut from the model and observed under polarized light to determine stress distributions. Maximum bending stresses were calculated for different slices and scaled up to prototype values. Finite element analysis was also performed and showed good agreement with experimental results, with less than 2% variation in maximum stress values. The analysis found that helical gears experience higher peak bending stresses than spur gears due to their point contact loading.
Este documento describe las diferentes fuentes de financiación disponibles para una empresa. Explica que una empresa necesita recursos financieros para llevar a cabo sus actividades diarias y proyectos de inversión. Luego describe las distintas vías mediante las cuales una empresa puede obtener fondos, incluyendo la financiación interna a través de beneficios retenidos, y la financiación externa a través de aportaciones de socios, préstamos y emisión de obligaciones.
Este documento discute la efectividad de la vacuna neumocócica conjugada heptavalente (VNC7v) y la posible emergencia de serotipos no incluidos en la vacuna. Señala que aunque la VNC7v ha reducido significativamente la enfermedad causada por los serotipos incluidos, en algunos grupos de alto riesgo se ha observado un aumento de la enfermedad causada por serotipos no vacunales como el 19A. Sin embargo, la vacunación sigue siendo beneficiosa al redu
Este documento presenta una práctica sobre el mantenimiento correctivo de componentes y tarjetas de una computadora. El objetivo es que los estudiantes aprendan a identificar fallas comunes y realizar reparaciones a un equipo de cómputo. La introducción explica que el manual guiará los pasos para llevar a cabo el mantenimiento correctivo. El cuerpo del documento describe las actividades de la práctica de mantenimiento.
The document discusses the importance of learning English. It notes that English is an international language used widely in areas like medicine, technology, science, business, and pop culture. It is used for diplomacy, trade between countries, and business. Nearly 350 million people speak English as a first language and around 200 million people speak it as a foreign language. Learning English has become important for communication, as an international language, and for business dealings between countries. The document provides tips for learning English such as doing homework regularly, listening to teachers, reading books and magazines, watching movies, and practicing pronunciation.
Search Engine Optimization and Social Media EngagementRUBEN LICERA
This presentation provides a general overview of how you can automate SEO and Social Media Engagements to a certain level.
For more information, email info@rlcomm.org.
Jeff Edmisten and Ruthie Buck thank buyers for reviewing their homebuyer guide. Their mission is to connect buyers with the best home deals and provide uncompromising commitment to exceptional service. They help buyers search for homes, write offers, and guide them through the entire purchasing process. Their client testimonial praises how they went above and beyond to help secure a home across state lines. The guide provides tips on estimating home buying power from rent, benefits of ownership, choosing a lender and mortgage, the home buying process, and more.
The document provides an overview of the steps to successful home ownership. It begins with addressing common fears about buying a home and provides facts to alleviate those fears. It then outlines eight steps to home ownership: deciding to buy, hiring an agent, securing financing, finding a home, making an offer, performing due diligence, closing, and protecting your investment. For each step, it provides guidance, tips, and statistics to help buyers navigate the home buying process.
This document provides tips to help consumers avoid becoming victims of predatory lending or loan fraud when buying or refinancing a home. It outlines 11 tips, such as attending homeownership education courses, carefully reviewing all documents before signing, and being wary of deals that sound too good to be true. The document also defines predatory lending practices like encouraging borrowers to provide false information, lending more than can be repaid, and targeting vulnerable groups. Consumers are advised to seek help from HUD-approved housing counselors if they have questions or concerns about any aspect of the home buying process.
Final Windermere Listing Presentation ProofRich Johnson
This document discusses the benefits of working with a REALTOR® to sell your home. It outlines 8 reasons why using a REALTOR® is advantageous, including that they have expertise to navigate the real estate process, provide market knowledge and property valuations, help find buyers, have negotiating skills, and can objectively represent the home seller's interests. The document also describes how a Windermere REALTOR® would help sell a home by researching its value, marketing the property, negotiating on the seller's behalf, and assisting with closing the transaction.
down payment? If so, you will need
mortgage default insurance (also called
CMHC insurance or Genworth insurance).
Mortgage default insurance protects
lenders if a borrower defaults on their
mortgage. It allows buyers to purchase
a home with a down payment of less
than 20% of the purchase price. The
insurance is usually paid as a one-time
fee and is rolled into the total mortgage
amount.
The cost of mortgage default insurance
depends on factors like the size of your
down payment, purchase price of the
home and type of property. Generally,
the smaller your down payment, the
higher the insurance premium will be.
Ask your l
The document provides information about the first-time homebuyer tax credit available to those who purchase a home between April 9, 2008 and December 1, 2009. It details that the credit is equal to 10% of the home's purchase price up to $8,000. It also explains that the full credit amount is available to single filers earning less than $75,000 and phases out at higher incomes. For purchases in 2009, the credit no longer requires repayment if the home is sold within three years.
Our certified counselors will analyze your situation and set up a plan to help avoid foreclosure. They will provide a free consultation and foreclosure advice. Their high success rate in helping homeowners avoid foreclosure gives them leverage with mortgage companies. They are familiar with foreclosure laws and can often stop foreclosures quickly. Contact them today for a free consultation to discuss options like loan modifications, short sales, or forbearance agreements that may prevent foreclosure.
This document shares 8 inspirational quotes and the lessons they teach. It discusses how quotes can inspire and motivate us. Some of the highlighted quotes teach to insist on yourself, achieve what you believe, change negative thoughts, choose to be tough through tough times, persist through challenges, forgive others, do what you say, and commit to excellence. The document encourages reflecting on these lessons to become more successful. It closes by asking the reader to share other inspiring quotes.
8 proven ways to increase testosterone levels naturallyVikas Gupta
This document outlines 8 ways to naturally increase testosterone levels, including weight lifting, avoiding excessive calorie restriction, managing stress, taking vitamin D and zinc supplements, getting quality sleep, using herbal supplements, reducing exposure to chemicals, and adopting an overall healthy lifestyle through diet and exercise. Weight lifting and high-intensity interval training are highlighted as the most effective forms of exercise, while vitamin D and zinc have the strongest evidence as testosterone boosting nutrients. Managing stress, getting enough sleep, and avoiding excess chemicals are also recommended for maintaining healthy testosterone levels and long-term health optimization.
8 Securities is Asia's first socially networked investing service that allows users to trade over 15,000 stocks and ETFs from US and Hong Kong. It offers a personalized trading portal with social networking, research tools, and best pricing. With offices in Hong Kong and Japan, 8 Securities has 50,000 customers and $700 million in assets under management. It has received several awards and recognitions for being a top online investing service.
This document describes a photoelastic stress analysis of the bending strength of a helical gear. The analysis involved creating a 3D photoelastic model of the gear, subjecting it to loading, and freezing the stresses. Slices were cut from the model and observed under polarized light to determine stress distributions. Maximum bending stresses were calculated for different slices and scaled up to prototype values. Finite element analysis was also performed and showed good agreement with experimental results, with less than 2% variation in maximum stress values. The analysis found that helical gears experience higher peak bending stresses than spur gears due to their point contact loading.
Este documento describe las diferentes fuentes de financiación disponibles para una empresa. Explica que una empresa necesita recursos financieros para llevar a cabo sus actividades diarias y proyectos de inversión. Luego describe las distintas vías mediante las cuales una empresa puede obtener fondos, incluyendo la financiación interna a través de beneficios retenidos, y la financiación externa a través de aportaciones de socios, préstamos y emisión de obligaciones.
Este documento discute la efectividad de la vacuna neumocócica conjugada heptavalente (VNC7v) y la posible emergencia de serotipos no incluidos en la vacuna. Señala que aunque la VNC7v ha reducido significativamente la enfermedad causada por los serotipos incluidos, en algunos grupos de alto riesgo se ha observado un aumento de la enfermedad causada por serotipos no vacunales como el 19A. Sin embargo, la vacunación sigue siendo beneficiosa al redu
Este documento presenta una práctica sobre el mantenimiento correctivo de componentes y tarjetas de una computadora. El objetivo es que los estudiantes aprendan a identificar fallas comunes y realizar reparaciones a un equipo de cómputo. La introducción explica que el manual guiará los pasos para llevar a cabo el mantenimiento correctivo. El cuerpo del documento describe las actividades de la práctica de mantenimiento.
The document discusses the importance of learning English. It notes that English is an international language used widely in areas like medicine, technology, science, business, and pop culture. It is used for diplomacy, trade between countries, and business. Nearly 350 million people speak English as a first language and around 200 million people speak it as a foreign language. Learning English has become important for communication, as an international language, and for business dealings between countries. The document provides tips for learning English such as doing homework regularly, listening to teachers, reading books and magazines, watching movies, and practicing pronunciation.
Search Engine Optimization and Social Media EngagementRUBEN LICERA
This presentation provides a general overview of how you can automate SEO and Social Media Engagements to a certain level.
For more information, email info@rlcomm.org.
This document summarizes the modeling and simulation of an 8P4M thyristor manufactured by NEC. It describes the PSpice model used including key parameters. It then shows circuit diagrams, simulation results and comparisons to measurements for various thyristor characteristics including IG-VT, ITM-VTM, holding characteristics and switching times. Percent errors between simulation and measurement are provided.
This document defines key concepts related to ratios and proportions, including:
- A ratio compares two numbers using division and a proportion states that two ratios are equal.
- Proportions can be solved using cross products, where the product of the extremes equals the product of the means.
- A rate compares two measurements with different units, while a unit rate expresses a rate as one item per one other item.
- A scale model proportionally reduces or enlarges an object to make it a more convenient size.
The document outlines assignments that are due, including Checkpoint 5.1-5.3 which is due tomorrow on 12/8, the Chapter 5 Test on 12/15, and checking if the Chapter 4 Test was signed. It also lists tasks to do such as completing a timed test, checking and turning in Set 5.3, and seeing the teacher to find out what activity is scheduled for the day.
O documento contém vários exercícios de matemática, incluindo: (1) calcular a altura de um triângulo retângulo com medidas dadas; (2) determinar o valor de k sabendo a área de um quadro de basquete; (3) calcular quanto sobrou de cada lado de uma ponte sabendo a largura de um caminhão.
5 questions to ask yourself before buying aRandyBett
This document provides 5 questions to ask yourself before buying a home. The questions address having enough money for a down payment and closing costs, being prepared to handle maintenance issues, intending to stay in the home for at least 5-7 years, having stable job and finances, and ensuring your reasons for buying are personal and not due to outside pressure. Buyers should carefully examine their individual situations and finances by considering these questions to determine if homeownership is the right decision.
The document provides a step-by-step guide for purchasing a first home. It discusses: 1) deciding to buy and whether renting or owning makes more financial sense; 2) hiring a real estate agent to help with the process; 3) getting pre-approved for financing and determining a price range; 4) starting the home search and defining needs and wants; 5) making an offer on a home; 6) conducting inspections and due diligence; 7) completing the closing process; and 8) caring for the home after purchase to protect the investment. The guide emphasizes working with an agent and only offering a price based on fair market value based on recent comparable sales.
Keller Williams Realty received the highest customer satisfaction scores among national full-service real estate firms in both 2008 and 2009 according to the J.D. Power and Associates Home Buyer/Seller Study. The study measured satisfaction of over 3,000 home buyers who purchased a home between March 2008 and April 2009 across 7 national real estate firms. Keller Williams received the highest score based on customer experiences and perceptions surveyed between April and June 2009.
This document discusses overcoming obstacles to home ownership. It outlines common challenges like home prices, credit problems, and lack of savings. However, it notes that with the right guidance from a loan officer, home ownership is possible through programs for those with less than perfect credit, low or no down payment options, and locking in low interest rates. It encourages readers who have always wanted to own a home that now is a great time to buy and realize that dream.
HOW CANADIAN RENTERS CAN BENEFIT FROM RENT TO OWN OPTIONSStreetwise Homes
This presentation goes through some of the many benefits that Canadian Renters could have by choosing to use Rent to Own to Purchase their home. Things such as having your rent go towards the purchase, Repairing damaged credit, Not having the home price climb out of reach.
This document provides an overview of short sales and discusses whether homeowners should consider short selling their homes given the struggling housing market. It notes that over 20 million homeowners will have negative equity and foreclosures have already exceeded 2.9 million. The document examines the options of sticking it out versus short selling for a homeowner upside down on their mortgage. It finds that short selling, while damaging credit, could allow homeowners to save money by renting at lower rates until home prices recover versus continuing to pay a higher mortgage.
First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.
Have questions? Contact us today.
✅ https://kmrealtygroup.net/contact-us/
This document provides an overview of what you need to know about real estate. It discusses getting ready to purchase a home by understanding your credit, budgeting for initial investments, and knowing the housing market. It also recommends finding a real estate team including a realtor, inspector, and possibly a broker or bird dog to assist with your search. Different types of loans and real estate investments are also briefly touched on.
Your First Home By The Book Seminar Us Jim GatosJim Gatos
The document provides an overview of the home buying process. It discusses common fears about buying a home and provides facts to address those fears. It then outlines eight steps to successful home ownership: deciding to buy, hiring an agent, securing financing, finding a home, making an offer, performing due diligence, closing, and protecting your investment. Throughout, it provides tips and advice related to each step of the process.
This document provides tips and information for home buyers. It discusses reasons to buy a home in winter like prices continuing to rise and mortgage rates remaining low. It also covers what to expect from the home buying process like inspections, closing costs, hiring a real estate professional and more. The document provides market statistics and forecasts on home prices, inventory and mortgage rates. It emphasizes the benefits of working with a real estate professional and being pre-approved before starting your home search.
This document discusses common myths about home loans and provides facts to clarify them. It addresses myths such as the idea that lower interest rates are always better, that credit score is the only factor in eligibility, and that lenders own the property. In reality, various costs beyond interest rate are important, multiple factors like income and repayment history also determine eligibility, and lenders are concerned with customers' long-term welfare rather than ownership. Understanding these myths and facts helps borrowers make informed choices when applying for a home loan.
This document provides information for home buyers on things to consider when buying a home. It includes articles on reasons to buy a home now rather than wait, how rising rents can trap renters, and how interest rates and home prices are projected to change over the next year. It emphasizes the importance of working with a real estate professional given the complexities of today's housing market. The document also addresses common misconceptions about what is actually required to qualify for a mortgage.
The document discusses buying a home, including common fears about the process and facts to address those fears. It outlines eight steps to successful home ownership: deciding to buy, hiring an agent, securing financing, finding a home, making an offer, performing due diligence, closing, and protecting your investment. Key aspects of each step are summarized, such as different financing options, components of a purchase offer, and responsibilities during closing. The importance of ongoing home maintenance is also emphasized.
This document provides information about buying a home, including:
- 4 reasons to buy a home this fall, such as prices continuing to rise and interest rates projected to increase.
- How rising rents can trap renters and make buying a home more affordable long-term.
- How to consider the long-term cost of a home rather than just the price when buying.
- Recent data on home price appreciation nationally and by state over the last year.
- Why using a real estate professional is important when buying a home.
Embarking on the journey of purchasing your first home in Chicago? KM Realty Group presents the "First Time Homebuyer Guide 2023," your essential companion to navigating the Chicagoland real estate market with confidence.
https://kmrealtygroup.net/
This document provides an overview of the home buying process, including determining affordability and readiness, shopping for a home and loan, and understanding important documents like the Good Faith Estimate and HUD-1 Settlement Statement. Key sections discuss determining what you can afford based on income and expenses, the roles of real estate agents and attorneys in home shopping, important terms to consider in a sales agreement like the mortgage clause, and settlement costs. The appendix includes additional resources like a worksheet to determine affordability and a glossary of terms.
This document provides an overview of things to consider when buying a home, including reasons to buy a home in the fall, the housing market outlook, tips for finding a dream home, benefits of owning versus renting, and information on mortgages, interest rates, and down payments. It emphasizes the value of working with a real estate professional to have an expert on your side during the home buying process.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
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BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
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2. Step 1: Decide to Buy
Do you really want to pay
someone else's mortgage?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
If you’re renting and Very few people can afford to buy their
dream home when they buy their first
have a stable job with home. In fact, according to the National
some savings, and Association of Realtors®, 69 percent of
first-time home buyers in the United
a credit score in the States compromised on some features
high 600 range, you of their first home. So you make some
compromises, buy your first home, and
can likely qualify for start building equity. This approach takes
FHA or conventional you further and faster down the road to
being able to own your dream home than if
financing at you hadn’t purchased a home at all.
historically low rates.
Gary Keller and his wife Mary serve as a
The key question you need to consider is,
great example of how this works. They
of course, why are you still renting? Think
used their first home as a forced savings
about it for a moment. If your reason
plan for their future dream home. They
is fear, then it may be time to let go of
even made additional principal payments
that fear and focus on the facts of home
when they could to accelerate their equity
ownership. Here is one example.
buildup. Interestingly, this approach
Fear: allowed them to pay off their first home in
I can’t afford to buy my about eight years. Then, all that financial
dream home. equity was available to help them build a
second home—their dream home.
Fact:
The best way to get Continued on next page ...
closer to buying your
dream home is to buy
your first home.
1 For more information on deciding to buy, see chapter 1 in Your First Home.
3. Step 1: Decide to Buy
continued ...
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Purchasing your own home is a great investment that
provides specific financial advantages, including equity
buildup, value appreciation potential, and tax benefits. It’s
also a forced savings plan that you cannot get from renting!
So, again, ask yourself if you can really afford to keep
renting. Here is an example scenario.
BUYING VS. RENTING
C A N YO U R E A L LY A F F O R D TO K E E P R E N T I N G ?
Sheila’s $900 mortgage includes $700 of interest. Sheila’s friend Chris believes he “can’t afford” to buy.
Her total house payments are $10,800 annually. At He pays $800 in rent each month.
the end of the year, $8,400 (12 months x $700) is tax Chris’s housing costs for the year are $9,600.
deductible in the United States. She is in the 28 percent
So, even though he thinks he’s saving money by
tax bracket, so her tax savings are $2,352 ($8,400 X .28).
renting, he actually spends about $1,150 more than
Her actual housing costs for the year are $8,448 Sheila–and he’s not building any equity!
($10,800 - $2,352). And Sheila has built $2,400 in equity.
Above all else, when done There is never a wrong time to buy the right
home. All you need to do in the short run is
right, home ownership can find a good buy and make sure you have the
help lay the foundation for financial ability to hold it for the long run. The
most important rule for keeping your stress
a life of financial security to a minimum is that you don’t have to know
everything—leave that to your real estate agent.
and personal choice.
2 For more information on deciding to buy, see chapter 1 in Your First Home.
4. Step 2: Hire Your Agent
How about putting a champ
in your corner?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
When you’re looking for a real estate professional to help you, know that above
all else good agents put their clients first.
s yo u r
T h e se ve n m a in ro le
l p e rf o rm
re a l e st a te a g e n t w il
g:
in cl u d e th e fo ll ow in
1. Educate you about your market.
2. Analyze your wants and needs.
3. Guide you to homes that fit your criteria.
4. Coordinate the work of other needed professionals.
5. Negotiate on your behalf.
6. Check and double-check paperwork and deadlines.
7. Solve any problems that may arise.
3 For more information on hiring your agent, see chapter 2 in Your First Home.
5. Step 3: Secure Financing
How much home can
you comfortably afford?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
It’s normal to ask how And if you finance at less than 20 percent
down, you’ll likely need to pay PMI or private
much you can afford, mortgage insurance as well. It’s a lot to think
and you might begin by considering your about. Ultimately, keep in mind that your
monthly rent payment. You’ll also need lender will preapprove you for a certain
to factor in all of your expenses and then YOU will decide what
amount, but
revisit your income. Lenders use fairly strict you’re comfortable paying every
guidelines and formulas to dictate how much month. And you always want to leave room
you can spend on your mortgage payment, for the unexpected costs and opportunities—
which typically includes PITI, or principal, from furnishing to repairs to gardening.
interest, taxes, and homeowner’s insurance.
Your lender decides what you can borrow.
But you decide what you can afford.
Olivia and alex each earn $4,000 a mOnth.
traditiOnally,their maximum hOusing payments wOuld be 28 percent Of their incOmes, Or $1,120.
hOwever,their financial prOfiles are really very different,
leading them tO very different decisiOns abOut hOw much they can affOrd.
OLIVIA hAS $15,000 IN STUDENT LOANS, jUST ALEx’S STUDENT LOANS ARE PAID OFF, hE hAS
BOUGhT A NEw CAR, AND hAS SEVERAL CREDIT LITTLE CREDIT CARD DEBT, AND hIS CAR IS AN
CARDS wITh BALANCES. ECONOmY mODEL.
Car payment $350 Car payment $200
Student loans $150 Credit card minimum + $50
Credit card minimum + $150 Monthly nonhousing debt $250
Monthly nonhousing debt $650
Maximum total debt payment
Maximum total debt payment (36 percent of $4,000) $1,440
(36 percent of $4,000) $1,440 – $250
– $650 Safe housing payment $1,190
Safe housing payment $790
4 For more information on securing financing, see chapter 3 in Your First Home.
6. Step 3: Secure Financing
continued ...
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Be sure to follow these six steps to financing your home:
And remember, you
1. Choose a loan officer. don’t need to save up a
lot of money for the down
2. Make a loan application and get preapproved. payment. A conventional
mortgage can require as
3. Determine what you want to pay and select a loan option. little as a 5 percent down
payment, and there are
4. Submit to the lender an accepted purchase offer contract. even some first-time buyer
programs and FHA loans that
5. Get an appraisal and title commitment.
require even less. And once
again, only you can decide
6. Obtain funding at closing. what you can afford.
If you can afford a
$1,000 monthly m
payment (not includ ortgage
im p a ct ing taxes and insura
In te re st ra te s a low interest rate nce),
se
h ow m u c h h o u
can allow you to af
a higher-priced ho ford
me.Your rate will
also
yo u c a n a f f o rd
determine how m
uch interest you pa
the life of your loan y over
.
lOan interest mOnthly tOtal interest
amOunt rate p&i payment paid Over 30 years
$136,000 8% $998 $223,251
$150,000 7% $998 $209,263
6% $995 $192,291
$166,000
For the last twenty years, the mortgage interest rate averaged
approximately 8 percent in both the United States and Canada.
5 For more information on securing financing, see chapter 3 in Your First Home.
7. Step 4: Find Your Home
Where, or how, do you
begin your search?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
So you are
preapproved and
ready to begin your
search. But how or
Yo u r h o m e
where do you begin? wants and
The best thing to do is consult with your
agent to more accurately pinpoint the home
n e e d s c r it e r ia :
you are looking for. This is likely the biggest
investment you’ll ever make, and you’ll need
to create a criteria for a home that meets
Location
all of your important needs, and as many
of your additional wants as possible. Some Size
questions you might ask yourself include:
• What do I want my home to be close to? Condition
• How much space do I need and why?
• Which is more critical: location or size? Appreciation
• Would I be interested in a fixer-upper
or a new home?
Neighborhood
• How important is home value
appreciation?
• Is neighborhood stability a priority? Freestanding or condo/town home,
resale or new contstruction
• Would I be interested in a condo?
• What features and amenities do I want?
Features and amenities
Which do I really need?
You’ll learn as you look at homes, it’s wise Potential for expansion
to refine your priorities along the way. And or improvment
your agent is experienced and can help
expedite the process.
6 For more information on finding your home, see chapter 4 in Your First Home.
8. Step 5: Make an Offer
So what's a fair price
for the home you love?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Congratulations! So you’ve fulfill the contract. Okay, it can get admittedly
found a home you love. Now you confusing here. So look to your agent to guide
need to make a compelling offer. The three the right price
you. Keep in mind,
basic components of your purchase offer to offer should reflect the fair
are price, terms, and contingencies. Price is market value of the home you
obviously the dollar amount you are approved want to buy. Your agent’s market
for, willing, and able to pay. Terms cover the research will help guide this decision.
other financial and timing factors that will
be included in your offer. Contingencies
are clauses that let you out of the deal if the
house has a problem that didn’t exist or that
you weren’t aware of when you went under
contract. Contingencies specify any event W ha t’s a fa ir pr ic e fo r
that will need to take place in order for you to 34 5 Ca rd in al la ne ?
welcome to The Grasslands, a quiet neighborhood built in the 1960s. most homes
here have three bedrooms, range from about 1,500 to 1,750 square feet, and have
been selling between $140,000 and $180,000. You want to make an offer on
345 Cardinal Lane, listed at $165,000. what price will you offer?
123 Eagle Pass 223 Robin Lane 345 Cardinal Lane
• Three bedrooms • Three bedrooms • Three bedrooms
• 1.5 baths • 2.5 baths • Two baths
• 1,550 square feet • 1,725 square feet • 1,650 square feet
• No recent updates • Kitchen renovated last year • Roof and kitchen both
• On busy street • Brand-new deck updated in the past five years
• Average-sized yard • Huge backyard with • Large yard
• Listed as “handyman’s special” extensive landscaping • On quiet street
• On cul-de-sac
Sold last week for $90/square • Finished basement You decide to offer
foot, or $139,500 $95/square foot,
Sold two weeks ago for or $157,000
$102/square foot,
or $175,950
7 For more information on making an offer, see chapter 5 in Your First Home.
9. Step 6: Perform Due Diligence
Know what to expect
when you're inspecting?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Just because you love decision for you. And remember, if your home
passes inspection with flying colors, you’ll
a particular property still need to buy a homeowner’s insurance
doesn’t mean that it’s policy to protect against loss or damage to
perfect. In fact, this is where reason the property itself and against liability in case
someone sustains an injury while on your
has to trump emotion. And you’ll have help
property.
here, too. You’ll need to have a property
inspection (which we highly recommend
you attend) that will hopefully expose all the
issues a home might hide. This way you’ll
know exactly what you are getting into before
you sign closing papers. Your main concern is
the possibility of structural damage. This can
come from water damage, shifting ground,
or poor construction when the house was
built. And remember, don’t sweat the small
It’s the inspector’s job to
stuff.
mark everything discovered,
no matter how large or small.
Things that are easily fixed can be overlooked.
In case you have a big problem show up in
your inspection report, you should bring in a
specialist. And if the worst-case scenario turns
out to be true, you might want to walk away
from the purchase. Again, this is your home,
so work with your agent and make the best
8 For more information on performing due diligence, see chapter 6 in Your First Home.
10. Step 7: Close
Know how to keep
yourself mortgage worthy?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
You’ve made an offer and performed
due diligence, which means you’re
now in the “home” stretch, pun
But you have a few
intended.
preclosing responsibilities,
and these include staying in
control of your credit and
finances, first and foremost.
You will also need to keep in touch with
your agent and lender and return all
phone calls and paperwork promptly.
You might need to communicate with
your agent at least once or twice a week,
and verify with your lender that all
mortgage funding steps are completed.
If possible, conduct a final walk-through
of the home with your agent as well.
confirm with
And finally, be sure to
your agent, home insurance
professional, and lender
that you have the settlement
statement, certified funds,
and evidence of insurance
lined up prior to closing.
9 For more information on closing, see chapter 7 in Your First Home.
11. Step 8: Protect Your Investment
Are you giving your
home the love it needs?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Whew.
That was exhausting.
But you’re done! Well,
sort of. You’ve closed
and moved in, but now
you’ll need to protect
your investment for
years to come. And you
can do so by performing routine
maintenance on your home’s
systems, depending on their age and
condition. A good rule of thumb is to
watch for signs of leaks, damage, and
wear. If you fix small problems early,
you will save yourself from having to
spend big money later. And remember
that kind real estate professional who
assisted you throughout the process?
Well, after closing your agent can
still help you with such things as
providing information for your tax
returns, finding contractors and
repair services, and even tracking
your home’s current market value.
10 For more information on protecting your investments, see chapter 8 in Your First Home.