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      • American Dream TV
    •  
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      • Schools
      • Relocation
      • Short Sales & Foreclosures
      • Trusted Lenders
    • Buyer Resources
      • Buyer Videos
      • Millennial Home Owner Guide
      • Community & School Reports
      • Area School Districts Facts
      • When Choosing a Home
      • Buyer Negotiation Process
      • Housing Programs
    •  
      • Buying a Home Guide
      • Property Disclosures
      • Ready to Buy
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      • Final Walkthrough Checklist
      • Homestead Exemption
      • Real Estate Flow Chart
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      • Property Tax Records
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      • Expired Listing
      • Relocation Company
    •  
      • Selecting Your Agent
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      • Virtual Staging
    • Seller Resources
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Tag Archives: First Time Home Buyers

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  2. Entries tagged with "First Time Home Buyers"

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

General InformationBy Monica FosterOctober 15, 2019Leave a comment

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later. You’ve likely heard a ton about Millennials, but…

What You Need to Know About the Mortgage Process [INFOGRAPHIC]

General InformationBy Monica FosterOctober 11, 2019Leave a comment

Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more.

You Need More Than a Guide. You Need a Sherpa.

General InformationBy Monica FosterOctober 10, 2019Leave a comment

In today’s world, hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one. In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn…

Homeownership is the Top Contributor to Your Net Worth

General InformationBy Monica FosterOctober 9, 2019Leave a comment

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and…

What FICO® Score Do You Need to Qualify for a Mortgage?

General InformationBy Monica FosterOctober 8, 20191 Comment

It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for…

62% of Buyers Are Wrong About Down Payment Needs

General InformationBy Monica FosterOctober 7, 20191 Comment

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in…

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

General InformationBy Monica FosterOctober 4, 2019Leave a comment

Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident and informed…

What to Expect from Your Home Inspection

General InformationBy Monica FosterOctober 1, 2019Leave a comment

You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some…

How Does the Supply of Homes for Sale Impact Buyer Demand?

General InformationBy Monica FosterSeptember 30, 2019Leave a comment

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National…

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

General InformationBy Monica FosterSeptember 27, 2019Leave a comment

Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.…

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