first time homebuyer

Our goal is to demystify all of the confusing parts of buying a home for the first time. We aim to make this simple and easy for you so read up and let us know if you have any questions! Happy house hunting!

Going from renter to buyer? Here’s 4 big changes.

If you’re thinking of making the jump from renting buying your first house, you’re probably well aware that some things are going to change once you’re ready to take the next step. However, you may not exactly be sure what those changes may be, or what the differences between the two will mean for you on a daily basis. Like any big life milestone, there are pluses and minuses to making this switch. So, we’ve compiled

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4 things buying agents wish first-time homebuyers knew

Buying your first home is a big deal, both financially and emotionally. And while sometimes buying agents have to keep their opinions to themselves and let clients make their own decisions, we asked some real estate agents to open up and share the one thing that they wish all first-time homebuyers knew. Their unfiltered responses are below. Check them out, and see what info you’ve been missing: 1. You can shop around for agents Before starting out on your

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Are realtor fees negotiable?

Most buyers know that realtors charge commission fees, but exactly how that commission works is a mystery to many. Is there a flat fee? Do more expensive houses cost more? Is the buyer or the seller responsible for paying the fee? Can you really negotiate them down? Fortunately, we're here to solve the mystery once and for all. In this post, we lift the curtain on realtor commission fees. We’ll tell you what they are, how they work, and

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Using an online real estate agent: what are my options?

In this day and age, pretty much anything and everything can be bought online. Want to buy a car? Done. A mattress? Done. A house? Thanks to online real estate agents, that can be done, too. The final piece of the digital home buying puzzle has arrived. Using an online real estate agent gives you the guidance and tools you need to not only purchase a home -- but do it easily, conveniently, securely, and digitally. So, what is an

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How to buy a house

If you’re a first time home buyer, you’re probably feeling a bit at a loss as to where to begin. What do you need to buy a home? What’s the first step? Uh, can you even afford to buy a house in the first place? These questions are common -- and with so much money (and years of your life!) on the line, you’re smart to want to do things right. But don’t let yourself

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What is a purchase & sale agreement?

If you’re buying or selling a home, you’re going to come across a purchase and sale agreement -- and understanding what it is, what it contains, and what to look out for in one is going to be crucial. Put simply, a purchase and sale agreement is a contract -- a binding document that breaks down all the details of the transaction -- including things like the final sale price, purchase terms, earnest money deposit, closing date, and

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Buying a house? Here’s everything you need to be prepared.

For many first-time buyers, the process of buying a house can seem overwhelming. After all, how do you even know where to start, much less how to get from taking the first step to submitting a winning offer on a home? If you’ve found yourself asking similar questions recently, we’ve got your back. Below is our comprehensive list of what you need to be prepared for the process of buying a house: 1. Get your financials in order

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What is a discount realtor?

💡 Did you know that when it comes to buying a home, you actually have options? In fact, you typically have three of them: The traditional route First, you can go with a traditional real estate agent. This is a real estate agent who will meet you, find and send you listings they think you'll like, show you the properties, and walk you through the closing process. In exchange, they'll typically receive a commission of anywhere from 2-3% of the sales

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Breaking it down: understanding home equity

Some real estate jargon can be hard to pin down, like the concept of home equity. Most people know it’s a good thing to have, but when it comes time for the actual definition, well...That’s when things start to get a little murky. Sound all-too-familiar to you? We’ve taken the liberty of breaking down home equity to its simplest terms. Read on below to learn what it is, what it’s used for, and how to

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Low commission real estate agents

Breaking it down: Most real estate agents operate on a commission-based payment model. While traditional agents require a commission of 5 to 7% of the home’s sales price, low commission real estate agents charge a fraction of that -- as much as half. What is a real estate agent commission fee? In most cases, unlike buying a product at the store or online, you won’t pay a flat-fee for your realtor up front. You won’t even pay

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Homebuying how-to: buy a home without a realtor

If you’re the DIY type, or you want the chance at saving cash on your home purchase, forgoing a traditional real estate agent may be the way to do it. Why buy a home without a realtor? To be clear, buyers don’t pay their realtors directly. Sellers pay a 6% commission (of the home’s total sales price) to their own realtor, half of which ultimately goes to the buyer’s agent. In theory, a seller -- and

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First-time FAQ: what does homeowner’s insurance cover?

You probably know that buying a home comes along with the need for a homeowner’s insurance policy. However, many of us don’t know much beyond that when it comes to protecting our property. If you need a little guidance when it comes to the ins and outs of homeowners insurance, you’ve come to the right place. Below is an explanation of what you need to know about your eventual policy, starting with the basics: So, what is

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Debunking 4 myths on how much house you can afford

The mortgage industry has changed rapidly -- and with it, the requirements of homebuying. These days, buying a home is easier than you might think, and it’s an option for more people than the old rules coming out of the 2008 recession might suggest. The reality is that there are a lot of confusing information out there when it comes to home affordability. So, we’ve asked industry experts to tell us the truth about the biggest misconceptions they’

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Understanding mortgage interest rates

Locking down a good mortgage rate is just one important aspect of home affordability. If you’ve been thinking about buying a home, you may be wondering what affects mortgage interest rates & what climbing rates mean for you. Mortgage rates have been on the rise, and they will likely continue to do so. As of June 2018, the average mortgage interest rate for a 30-year fixed-rate loan is 4.76%, but it won’t stay that way forever. We’

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3 things to know if you want to keep your earnest money deposit safe

Once your offer finally gets accepted, one of the first things you’ll do is submit an escrow deposit. This money -- your “good faith” deposit -- helps show the seller that you’re serious about buying the home. If the home closes successfully, that money is applied to your downpayment. However, if the deal falls through, there is a chance that you could lose out on thousands of dollars. With that in mind, many buyers want to know what

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