Things Every First-Time Home Buyer Should Know

Most states require that a home seller disclose potential problems with the property, but the homeowner may not always know or reveal existing structural problems (despite the legal requirement). The only way to truly know what’s going on inside (and over and under) a home’s structure is to secure the services of a reputable home inspector.

“A lot of first-time. Buyers should focus on things they can’t change such as a location in a flood zone or a bad school system vs. things they can, such as the condition of the home, Boswell said.

Would-be homeowners know that finding the best mortgage rate. Avoiding opening any new credit cards, at least during the home-buying process 3. Look into first-time home buyer and other assistance.

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Becoming a first-time home buyer can be overwhelming. Try these 17 tips to make saving for, finding and buying your dream home a breeze. We’ll help you navigate the process more smoothly and save.

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Buying your first house can be intimidating, but there is a lot of information to help you sort out the process and make good decisions. On that note, here are 10 secrets first-time home buyers should know that you may not have heard of yet.

Another important first-time home buyer addition: a financing contingency, which gives you the right to back out if the bank doesn’t approve your loan. If they believe you’ll have trouble making a.

Property tax problems for customers of bankrupt lender On that same day, you’d have to notify your lender that you paid. of calculating the real estate taxes. If there are any problems with the formula that goes against you, you need to correct that.

Here you should find reference. to obtain a "reserve study" every three to five years. H. Alan Mooney, president of Criterium Engineers, which performs condo reserve studies and home inspections in.

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First-time homebuyers often have to compromise on things they want because their funds are limited. You may have to live on a busy street, accept outdated dcor, make some repairs to the home, or.