To help make your clients’ first home purchase a success we’ve put together a go-to checklist outlining 15 money-saving tips for first-time homebuyers.
In its latest study, Zillow turned the spotlight onto sellers and found that homeowners spend, on average, $15,190 in extra or hidden costs to sell their home — a reality that may blindside the 63 percent of today’s sellers who are putting their home on the market for the first time.
In October 2015, TRID — the TILA-RESPA Integrated Disclosure rule, or “Know Before You Owe” — was implemented to make the lending and mortgage process more transparent and easier to understand for consumers.
One of the most commonly neglected cost considerations is at the closing table. Mortgage closing costs can vary greatly state-to-state, accoridng to data from Bankrate.com, which can have a big impact on the reality of affordable homes for some buyers.
The process of getting a property ready to put on the market can seem daunting enough. There’s clearing the clutter, endless amounts of cleaning, organizing and scrutinizing your property with a fine-tooth comb. What needs attention and what can you leave alone?
First-time homebuyers can easily be caught off guard by unexpected surprises. Here are 21 tips that will quickly get homebuyers up to speed and ready for a successful house hunt.
Imagine you’re a first-time homebuyer who gets an email from your real estate agent or the escrow or title agency. The email instructs you to wire your closing cost money — which sometimes includes your entire down payment — to a bank account, and the style of communication, signature and email address all belong to someone you know and trust.
We’ve heard rumblings that the Federal Reserve Bank will start increasing rates sometime before the end of the year, which will likely hit the mortgage rates shortly after. This might be the last best time to refinance before these historic rates are gone. Here are 10 mortgage refinancing mistakes to tell your clients to avoid.
Buyers who take the time to shop around for their mortgages and some of their settlement services are saving hundreds of dollars on some of their closing costs, according to a recent Bankrate survey. Those who got more involved in their homebuying experience saw their closing costs drop as much as 7 percent, Bankrate said.
Here are the real estate market terms that every first-time homebuyer should get acquainted with and the explanations that will help them understand them.