5 Things Every First-Time Home Buyer Needs to Know

5 Things Every Home Buyer Needs to Know About New Construction. Any buyer shopping for a home today, in any market and at any price point, is likely to come across new construction homes for sale. The sellers are both large national builders and smaller local developers. Some homes are for sale as a part of a subdivision,

For first-time homebuyers, we have some unfamiliar territory here: there are more costs associated with buying a home than just the house payment and realtor fees. Before you even purchase, you’ll need cash on hand for your down payment and earnest money, but don’t let the 20% myth scare you.

However, there are factors predicted for the upcoming year that will make purchasing a home even more stressful. »RELATED: House hunters, here are 5 secrets. with a buyer’s agent Some first-time.

The customary amount varies depending on the market, but might range from 1% to 3% of the offer price. If your offer is accepted, the funds are applied toward your closing costs. If not, your earnest money is returned to you. Down payment – this is the percentage of the home price that you must pay at closing.

First-Time Home Buyers – Five Things You Should Know Before You Start Your Search One of the most important milestones that a family comes to is the purchase of their first home. Though the first home purchase is a dream for most, such dreams can often cloud out the necessities. The purchase of a [.]

I’m also going to give you a link to our Zing University course which will walk you through what first-time home buyers really need to know. When you’re ready, feel free to get a mortgage approval online through Rocket Mortgage or give us a call at (888) 980-6716 to speak with one of our Home Loan Experts.

Learn About Mortgages. While buying your first home is a big decision, there are also lots of small decisions to make along the. Know how much cash you'll need at closing.. The down payment typically varies from 5% to 20% or more.

Tips every first-time home buyer should know before purchasing a house. Branch manager at Caliber Home Loans, Chris thacker shares great tips every homebuyer.. 5 houston running clubs that are great for beginners.

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