First Time Home Buyers Archives - Page 7 of 7 - J.P. Cook

Highlights: Watching the Big Game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many appetizers as you want, and if some

Thinking of Making an Offer? 4 Tips for Success

February 3, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 Tips

What to Expect From Your Home Inspection

January 31, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price paid for the home, ask the sellers to

2 Myths That May Be Holding Back Buyers

January 30, 2017

Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.” Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According

Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

January 27, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate

0 Comments

Highlights: 45 million existing homes were sold in 2016! This is the highest mark set since 2006. Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999. The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year