A real estate transaction can be an emotional roller coaster, especially for first-time buyers. A home is not an everyday purchase—you’re buying your future, the place where your kids will grow up and a lifetime of memories will be made. And a house has a much higher price tag than anything else you’ve ever bought. That alone can be scary. The money
Homebuyer demand may have waned in recent weeks as the COVID-19 outbreak worsened, but that doesn’t mean it’s gone entirely. In fact, according to Fannie Mae’s Home Purchase Sentiment Index, over half of Americans still say it’s a good time to buy a home. Does that mean the road to a home purchase will be
The real estate industry can feel like it has its own set of rules. With that in mind, I’ve brought you four homebuying etiquette rules that every buyer should know. Read them over and keep them in mind so that you feel prepared for when you’re ready to hit the market. 1. Get preapproved before
Coming up with the cash for a down payment can be a big hurdle for anyone hoping to become a homeowner. Most financial experts recommend aiming for a 20% down payment to avoid paying extra each month for private mortgage insurance. If you feel like it may be impossible to save up that much, you’re
Buying a house takes a lot of organization, careful thought and, of course, money. But if you’re serious about becoming a homeowner, you need to get prepared for the road ahead. Business Insider spoke to Dana Bull, a realtor with Sotheby’s International in Boston, and George Chedid, a realtor with Century 21 Barrood in Kendall Park,
Applying for a mortgage is arguably everyone’s least-favorite and least-understood part of the homebuying process. Nobody enjoys assembling the mountain of paperwork required for a loan application. But 90% of us need a mortgage loan to buy a house. So it behooves us to learn what prospective lenders really want to see in all the