How to Make the Right Home Buying Compromises in a Hurry

Since then end of the Great Recession, some properties are selling far over asking price. Many are selling in the first week of marketing with multiple offers, many are going to buyers with cash or very large down payments. This is especially true in areas where there is a low number of properties for sale.

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Mortgages Matter: What Americans Need To Learn From The Past Recession

By Frederick Peters Are we safe from another mortgage meltdown? During the first quarter of 2019, ATTOM Data Solutions reports that fewer than 10% of outstanding mortgage loans nationwide are “seriously underwater.” “Seriously underwater” means that the mortgages on the property exceed its value by 25%. While slightly higher than the level at this time last year, this

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Steps to Buying Your First Home

By Dr. Brian P. Simon Getting a foot оn the real еѕtаtе lаddеr can be challenging and quite daunting. Making the dесiѕiоn to buy уоur first home is a mаѕѕivе life еxреriеnсе and requires a lоt of careful planning and thought. However, your first adventure into the wоrld of real estate does not have to

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2019 Home Buyer’s Tips – Chris Wulff

By Chris Wulff Budgeting for Homeownership As likely the largest and most important purchase you’ll ever make, homeownership requires careful budgeting. This includes planning not only for a down payment and a monthly mortgage, but also property taxes, repairs, and other costs through the life of the home. You are going to have to hire

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Cheryl Eidinger-Taylor, president of ERA Key Realty Services in Northbridge, Massachusetts:

What tips do you have for first-time homebuyers? Make sure you know the process. Review the home-buying process, timing of a purchase, funds that will be needed and the current market circumstances (i.e., is it a seller’s market or a buyer’s market? Are short sales or foreclosures available, etc.). By knowing the process before looking

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Q&A: Bo Kauffmann

1. What are the most important questions you should ask your broker or real estate agent when looking for your first home? I love working with first time buyers simply because they tend to ask very good questions. When interviewing an agent, buyers should be confident in his/her responses and qualifications, and should also feel

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Smarter Living: Why Layouts Matter

By Frederick Peters Does every home need a great room? Do buyers need, or even want, a dining room? How important is the kitchen, especially in a market like New York? Does it matter whether the ceiling is 9 feet high, or 8 feet high, or 11 feet high? While in our data-hungry age values tend to

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Be Informed, Be Prepared and Enjoy the Process

By Bill Golden After over 30 years in real estate I sometimes forget what it’s like to be a first-time home buyer. It’s quite refreshing to work with them. Still, things have changed a lot over those years – for the better: First-time buyers are far more knowledgeable than they used to be, mostly thanks

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The Non-Financial Benefit Of Home-ownership

By Frederick Peters We are a nation of homeowners. Tax benefits and government encouragement have always driven American home buying in a way unfamiliar to most other developed world nations. For most Americans, their home represent their largest investment. And in recent years, the fluctuations in value around that investment have become a cause for

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Q&A: Modern Home Buying and Due Diligence for the First-Time Home Buyer

By Bill Gassett 1) What are your recommendations for finding a home to buy online? What recommendations do you have for first-time home buyers in the modern era? One of the most important aspects of buying a home today is being able to know about properties the instant they hit the market. In most areas

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