If you’re in the process of buying a new home, you already could be overwhelmed by all of the factors to consider. You’ve come to realize that price is not everything. You’re weighing local school ratings, comparing property taxes, evaluating neighborhoods, and you already have signed your name to what feels like a million loan application documents. Feeling stressed?
Deep breath in … and let it out slow.
One of the best things you can do right now is to educate yourself on the home buying process and take advice from true professionals in the field. We’ve scoured the Web and filtered through dozens of sites to put together the HomeInsurance.com list of the top 5 most useful articles for homebuyers today. Whether you’re a seasoned homebuyer or getting ready to invest in your very first nest, there’s something here for you.
Risk and what to do about it
What is ‘Risk’ in Real Estate? | Author: Leonard Baron, Real Estate Professor and Author
In a real estate market that’s recovering but still a bit wobbly, reducing your risk of getting the wrong loan – or the wrong house – is critical. Leonard Baron offers an example of what to do – and what not to do – when buying a home in this market.
Finding a silver lining
4 Home Buying Lessons We Should Never Forget Again | Author: Tara-Nicholle Nelson, Real Estate Broker, Author and Syndicated Columnist
If there is a silver lining to the gloom and doom of the real estate recession, it is likely the fact that homebuyers learned a thing or two in the aftermath. Take the lead from those who learned the hard way and follow these tips.
Make sure you get the point
How Higher Interest Rates Will Impact Your Wallet | Featuring: Barbara Corcoran, Founder of the Corcoran Group
If you think a fraction of a point on a mortgage rate won’t make much impact on what you pay for your home, you’re wrong. Barabara Corcoran weighs in with other real estate gurus in this video to discuss recent rate trends and how they impact today’s homebuyer.
The fixer-upper and you
5 Pro Tips to Help you Find the Perfect Fixer-Upper | Author: Marie Proeller Hueston of BobVila.com
If you’re leaning toward a fixer-upper to save a few bucks on your home purchase, make sure you’re not getting in over your head. This article highlights 5 tips from a renovation pro that might steer you toward – or away from – that fixer-upper you’re considering.
Mistakes and avoiding them
Top 5 Mistakes Homebuyers Make and How to Avoid Them | Author: Brendon DeSimone, Real Estate Expert
Finally, a great article that highlights common mistakes homebuyers make and advice on how to avoid them. Whether you’re a first-time buyer or a seasoned veteran in the market, don’t make one of these “false moves” that can end up costing you big time.
Now that you’ve done your homework on ways to get the best deal, what questions do you still have about buying a home for the first time? Let us know, and we may feature your question in an upcoming post here.