Buyer Resources & Reads: October 30, 2016
Each week we’ll share the best news, tips and resources the Internet has to offer those planning to buy a new home. Here’s what we found this week:
Are You Ready To Buy?
Before you start setting up appointments to look at the latest listings, you might want to sit down and sort out whether or not you’re really ready to own your own home. NewHome Section asks whether or not you understand all of the responsibilities that go with purchasing and maintaining a home of your own.
Visiting An Open House? Make The Most Of It!
According to Zillow.com, open houses are the “gold standard in real estate,” having been around for decades. With the advent of online marketing and listings, they might seem a little old school, but if you choose to attend one, you’ll want to do so with the proper intent and purpose, making the most out of the visit.
Loan Denied? There May Be A Silver Lining …
There’s no denying it, being denied a loan when you’ve found your dream home can be a very harsh reality check. Blown Mortgage thinks there’s a potential silver lining that comes with the denial, the opportunity and ability to investigate and revisit the loan process so that you’re more likely to succeed in future.
What To Expect From Your Home Inspection
You’ve made an offer and it was accepted. Congratulations! But that’s not the end of the road when you’re in the middle of the homebuying process. Next up? The inspection! According to the KCM Crew, the home inspection contingency “allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away.”
How Much Should You Spend?
According to Investopedia, buying a home is the single largest investment most people are likely to make in their lifetime. Wow! That means it’s really important to be on top of exactly how much home you can comfortably own, which includes “not only the down payment and the monthly payments but also the taxes, insurance and upkeep.”