First-Time Home Buyers

Read This Before Your Home Inspection

You found the perfect home and have an accepted purchase agreement . . . congratulations! Perhaps you looked at many houses, or maybe the first one you looked at was the one. Either way, you did it!

The next step, if you're like most buyers, is ordering the home inspection. Although you're really excited, you're probably also a bit nervous about the inspection and uncertain about what to expect.

To help you with that, I've compiled a list of things you should know about home inspections. Read it over before the inspection so you can go into it feeling informed and ready to get the most out of the process.

Are You Ready to Buy Your First Home?

Whether you're a 20-something-year-old getting into the housing market early or a long-time renter looking to finally make the big leap to ownership, buying your first home is one of life's major milestones. In both a personal and financial sense, purchasing a home represents one of the most impactful decisions that a person has to make. Because of its magnitude, the choice to leap into real estate should never be made lightly! Here are 4 key questions that first time buyers should ask themselves before taking the plunge.

The Myth of the 20% Down Payment

When people think about buying a home, they are often discouraged by the idea of saving enough money for the down payment. Indeed, surveys have shown that the greatest impediment to home ownership for prospective buyers is the down payment. However, many potential buyers have the false notion that a mortgage requires 20% of the home's purchase price paid up front. In reality, the median down payment in 2017 was only 10%, and many buyers paid even less than that!