Buying your first house is a big deal. Considering the magnitude of such a purchase, you want to make sure you’ve got all your ducks in a row before you take the plunge. Here are a few things every first-time home buyer should do before making that big purchase.
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One of the most common – and important – contingencies that buyers insert in their real estate contracts is the home inspection. Without it, buyers will never have a chance to identify any major underlying issues with a home before they buy it.
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Landlords typically do some research on prospective tenants before they hand over the keys to their properties. After all, they’re not going to just let anyone live in their units without verifying what they’ll be like as renters.
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With the housing market being as hot as it is across the Golden State, there’s really no bad time to sell. If you think you ‘missed’ your window of opportunity to sell in the spring or summer, autumn is just a good season as any other to put your home on the market.
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Supply Cuts Pending Sales: The number of pending sales over the past month dropped by 7% due to a supply of homes that is now dropping as well. Homeowners have been behaving differently ever since the Great Recession began a decade ago. A trend evolved and it has not changed since 2008. That trend is a drought of homeowners opting to sell their homes. In fact, this year it has been even more pronounced.
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The housing market in California got off to a slow start in home sales over the third quarter of 2017. Median prices also dipped in July from the month before, though they continue to grow year-over-year.
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When it’s time for you to apply for a mortgage, where do you turn to in order to get one? Should you work with a mortgage broker, or a direct lender? Or are they even the same thing?
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Unless the home you’re buying is fresh off the builder’s hands, it’s likely going to have some blemishes, no matter how minor they may be. Ideally, you should have included a home inspection contingency in your purchase agreement, which will give you the opportunity to have the home inspected in greater detail.
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When shopping for a home, there’s a possibility that you may come across a property that’s sharing a driveway with the home next door. That means that one driveway needs to be shared between the two adjoining neighbors.
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Your credit score plays a huge role in your eligibility to qualify for a mortgage. If you’re planning to buy a home in the near future, you’d be well-advised to understand exactly how it’s broken down.
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