If you are in the process of looking at new homes, you want to be sure you know how to present a strong offer to the seller once you find the home you want. A strong offer could literally make or break a deal, especially in a hot market. Most real estate agents use a basic template when composing a purchase offer, therefore you are likely to find that the majority of purchase offers will include many of the component listed below.
A staggering number of college graduates are saddled with student loans. Often times, these young adults believe home ownership is not possible and they continue to rent, assuming it is their only option. But in reality, this does not have to be the case. Buying a home while still paying on student loans can be a reality for many with the proper preparation and expectations.
Many first-time home buyers find that the perfect home is out of their reach. The house prices, along with the down-payment expected, closing costs and inspection fees are too much to consider, and that is why many start looking for the perfect fixer-upper instead. According to a survey done by Realtor.com, nearly 60 percent of first-time home shoppers that are ages 18-34 say they would consider a house that needs renovations. A key factor for this is likely the expense of buying newer, turn-key houses.
While the majority of American families are not necessarily in the position to pay cash for their new home, it is still worth looking at the cash versus mortgage options to better understand that there are actually pros and cons of each payment method.