“First-time homebuyer” is a commonly used term in all areas of real estate. But what exactly is a first-time homebuyer? Here are the specific factors that qualify somebody as a first-time homebuyer and why they are important: Who Qualifies as a First-Time Homebuyer? As suggested by the name, a first-time homebuyer is any person who is purchasing their...

What are the steps in buying your first home? The...

In a home sale, there are many types of contingencies that might appear in the purchase contract. These special clauses provide ways for the buyer to back out of the sale if various conditions aren’t met. All contingencies are there to protect the buyer rather than the seller, but are usually up for negotiation depending on contract terms....

You have many choices for financing your first home purchase. If you're a U.S. veteran, it might seem like an easy decision to opt for a VA loan over a conventional loan. However, understanding the major differences between the two options will help you get the best financing for your needs. Here are the basic things first-time homebuyers...

Before you make the final decision to buy any property, one of the most important things you can for yourself is to ask for a home inspection with a good home inspector. You probably don’t know how to ascertain the quality of the foundation or the condition the electrical wiring is, so having a home inspector conduct a...

Homeowners can sometimes overlook things in the excitement to buy a property. When purchasing a property, there are a few red flags that you should be aware of: 1. Fresh paint on some walls Some homeowners sometimes use a fresh paint job to hide problems with the house. If you find out some walls are freshly painted while...