NextHome Music City Realty : Questions to Ask When Choosing a REALTOR®How long ...

NextHome Music City Realty : Questions to Ask When Choosing a REALTOR®How long ...: Questions to Ask When Choosing a REALTOR® How long have you been in residential real estate? Is it your full-time job? Like most pr...

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10 Mistakes That Hurt First Time Home Buyers – Real Estate 101 – Trulia  Don’t be a newbie: Avoid these common mistakes when buying your first home. We’ve all bought things that we’ve later regretted: Be they those high-waisted jeans, pumpkin-spiced potato chips (they exist!), or the $189 electronic toothbrush your dentist said you  had  to have. At least the money wasted wasn’t a life changer. But what if you paid too much for a car and later realized you couldn’t afford it? That can amount to a significant financial hit. Now just think about the  home-buying process . It’s more complicated than all those other purchases combined. If you’re a  first-time homebuyer , buying a house can be positively overwhelming. With an agent by your side to guide you through the process, you’ll make it through just fine — but you might want to be aware of these rookie mistakes. If you’re searching for  homes for sale in San Francisco, CA , where the market i...
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How to Prepare to Buy a Home

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Talk to mortgage brokers. Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely. Be ready to move. This is especially true in markets with a low inventory of homes for sale. It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough. By the time they’ve made their decision, they may find that someone else has already purchased the house. Find a trusted partner. It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process. Make a good offer. Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller. Factor maintena...
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Finance a Home, Creatively

Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, Getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage. A similar option is the assumable mortgage, where a home buyer takes over the seller’s existing loan (with bank approval). This can be especially helpful when interest rates are on the rise. Ask your family for help. Perhaps a family member will loan you money for the down payment or act as a cosigner for the mortgage. Lenders often like to have a cosigner if you have minimal credit history. Consider a shared-appreciation or shared-e...
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