Tag Archives: first-time buyers

Top Five Real Estate Myths – Debunked!

The real estate world is full of myths. Myths that prevent people from making smart decisions when buying and selling and keep people from maximizing their real estate returns.

Let’s count down the top five biggest real estate myths. And debunk each one!

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Evaluating your Readiness to Buy a Home

Is it time to purchase your first home?  Owning your own home may offer many advantages including building equity, qualifying for tax deductions, and having a place to call your own. It also requires a level of financial and emotional readiness.  Evaluating your position in each of the following categories can help guide you as you make this important decision.

Monthly Finances

Purchasing a home is a big financial decision. In addition to making mortgage payments you also have to factor in additional costs such as taxes, homeowner’s insurance, homeowner’s association fees, city assessments, and household repairs. Mortgage companies use a debt to income ratio (DTI) to determine loan eligibility.

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How Much Personal Information Do You Need to Reveal When Buying a Home?

Close up of domestic personal files in expanding pocket folders

During the home buying process, you’ll be working with a range of professionals, including a real estate agent, loan officer, home inspector, appraiser, and a lawyer or representative from a title company. And while you may need to divulge some very personal information, like your annual income and debt history, not all of these people need to know the intricate details of your life.

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