Buying a home that needs some love can be overwhelming. It can also be a smart investment. If you're thinking about buying a fixer-upper, you already know that it's going to take a little elbow grease to make it livable. You probably also know that these types of homes can often be snatched up at bargain prices and in neighborhoods where you want to live. And once it's yours, you can paint, remodel and refresh the property to make it your own. Gourmet kitchen, movie room, home office, party deck - the possibilities are endless.
If your mailbox could talk, what would it say? “Hey Susan, here’s more coupons for your favorite Moose Tracks ice cream you can't get enough of, an overdue bill for your monthly $50 gym membership, and two new pre-approved loan offers from financial institutions you never requested.”
If living with mom and dad is starting to lose its appeal and you’re having trouble knowing if it’s day or night from your basement bedroom, you may be thinking about buying your own place. Scraping together the funds needed for a down payment, closing costs and other new homeowner costs, however, can be daunting. Fortunately, there’s a loan program available that is especially appealing to first-time homebuyers that lets you buy a home immediately with absolutely no money down.
If you’re in the market for a new home, you’ll also be looking at the neighborhood. In fact, the character and amenities of the neighborhood may be as important to the property value as the house itself. Whether you’re looking for a neighborhood with large houses and expansive lawns, or a modern condo in a thriving downtown area, there are characteristics that make up a great living area. Wondering what to look for? We suggest the following:
If you're buying your very first house, you're most likely searching for your dream home on one or several apps or taking virtual tours via online listings. While online house searching can maximize your ability to compare and contrast homes by the features that are important to you, do they, or can they, replace the services of a professional Realtor? We've put together some FAQs about the services of local Realtors®. Read on!
Looking to buy a home in 2018? If so, you’ll be able to apply for a larger conventional mortgage with the recent announcement that we’re increasing our single-family loan limits to $453,100 in 2018. Home values are rising across the nation. According to the Federal Housing Finance Agency (FHFA), an independent regulator of the secondary mortgage market including Fannie Mae and Freddie Mac, housing prices have risen 6.8 percent over a year’s time.
