Category Archives: Uncategorized

First Time Home Buyer Tip #11

Tempted to buy a home with a Lease-Option or Rent-to-own? You might want to resist the temptation!  The idea of buying a home without having to qualify for a loan is appealing.  If you don’t have a down payment or your credit is damaged, you may have considered using the Lease-Option (also called Rent to […]

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First Time Home Buyer Tip #10

Buying a fixer upper and need money to fix it up? If you have the stomach for it, buying a fixer upper can be an excellent way to get a good deal on a home or be able to buy in an area that would otherwise be too expensive for you.  There is a mortgage […]

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First Time Home Buyer Tip #9

Need cash for your down payment? Did you know that you may be able to borrow money from your 401k or your IRA for the down payment on your first home?  You usually have to pay it back with some interest, but you’re just paying yourself back.  Other ideas to find money for a down […]

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First Time Home Buyer Tip #8

What houses can you get the best deal on? Vacant ones! A vacant home means someone has monthly expenses, worries about vandalism, freezing water pipes, etc. so they are more motivated to sell!  This would include almost all bank owned homes (also called REOs), houses with owners that live out of state, and some rental […]

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First Time Home Buyer Tip #7

It may not be smart to pay off all your debt before buying a home. There are many factors to consider before deciding its time to buy a home.  Just be careful that you’re not being too careful!  If you have a lot of debt, by all means, you should pay it down before buying […]

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First Time Home Buyer Tip #6

You should always pick the best neighborhood you can afford, even if it means that you will have to settle for something less of a house. Here is an example of what I mean: House #1 Large, nicely fixed up home but the neighborhood would be a “6” on a scale of 1 to 10 […]

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First Time Home Buyer Tip #5

Before you commit to a condo, be sure to look into a condominium association’s financial stability. A condo association does an annual budget and you have a right to see it since you’ll be a contributing member once you buy in the complex.   If the association does not have enough money for large expenses […]

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