by Julia Wolters | May 6, 2019 | Uncategorized
Do you feel overwhelmed with the process of home buying? You’re not alone. Homebuyer surveys find that more people today want to buy a home, but challenges such as saving for a down payment and student loans are keeping them sidelined. We know that most buyers (92 percent) use online search at some point in their home buying process. Perhaps that is how you found us at Home Team Northwest! Before you being your search, take note of these 7 important facts about buying a home. 1. Learn.Did you know there are plenty courses that can help you prepare? Homebuyer counseling is typically required when using a down payment assistance program, but any buyer can benefit. You’ll learn about the home buying process, improving your credit, mortgage terms, planning a budget and more. Plus, a new study finds that by simply participating in these in person or online courses, you’ll reduce your risk of foreclosure by 42 percent. 2. Get an agent. If you aren’t yet a homebuyer, there’s no reason not to have a real estate agent. Your agent’s commission will be paid from the home you purchase, not by your. Even if you don’t think you’ll need help with lots of showings, a real estate agent will help you navigate contracts between you and the seller and set up important things like the home inspection. As a new buyer, you’ll benefit from the expert help. 3. Find the right lender. Your mortgage lender will help you secure your home financing—and, there are many types of banks and lenders who can help. Unfortunately, according to the Consumer Financial...
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