Skip to main content

Tips For First Time Home Buyers. Team Thayer Real Estate Eugene Oregon #eugeneoregonreltors

Tips For First Time Home Buyers

With all the excitement of becoming a first time homebuyer it is easy to get caught up in the thrill of owning your own home. Before you sign any papers there are things you will want to consider.
  • Credit: Before you purchase a home you want to make sure you credit is in good standing. Poor credit can drive up mortgage rates and make it virtually impossible for you to purchase a home you may be interested in.
  • Location: One very important thing first time home buyers have to think about is the location in which their potential home is located.
  • Long Term Plans: Always make sure you take the future into account before you lock yourself into any FHA mortgage or agreement. How long do you plan on living there? Are you planning on having any children? You never know when your situation may change so make sure you plan ahead.
  • Check And Re-Check: Don’t let the thrill of becoming a first time home buyer give you itchy fingers. There are plenty of discounts and breaks you can find to save on you FHA mortgage as long as you knew how to find them. Don’t just hastily agree to the first offer put on the table, make sure you check around and you could end up saving big in the end.

first time home buyersFHA Mortgage

After the not so distant housing crisis many people have been put off to buying or even selling homes. Although we are still living with some lingering effects from the housing crisis things are slowly starting to improve. It is now becoming easier for first time home buyers to get low FHA down payments when purchasing a new home. With the recent announcement that first time homebuyers can get down payment loans as low as 3 percent it should become easier for potential homeowners to be able to afford to buy. Although this recent announcement will help potential homeowners it is only one factor to consider when thinking of purchasing a home for the first time. As with any other financial decision it is important that you have all the information before signing any papers or agreements. With the housing market still settling after the last housing crisis, it will take some time before potential homeowners feel comfortable putting their trust and faith in the housing market again. For first time home buyers it’s crucial you make sure you take all things into consideration before you make any decisions.


Please use the share bar below! Sharing is caring! 

Labels:

Popular posts from this blog

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread...
Read more

Understanding the tax advantages and disadvantages of homeownership #realestate #taxadvantage #taxes #housing #market

It’s no secret that some of the major perks of homeownership are the tax write-offs and advantages that follow the purchase. In fact, according to a 2015 survey by the National Association of Realtors, 80% of homebuyers see homeownership as a good investment, and 43% think it’s better than investing in the stock market. Reaping the rewards of mortgage interest and property tax deductions is just one way to think of your home as an investment. But there are even more real estate–related tax advantages and disadvantages that can slip under a new homeowner’s radar. It can be relatively easy to trigger tax liabilities or perks (and then fail to claim them) on that new piece of  Eugene, Or, real estate . This is why it’s essential to touch base with your tax pro before every real estate transaction, no matter how minor a question you may have. Sometimes planning and timing make a major difference in the financial impact of a real estate–related tax; other times, ...
Read more

Team Thayer Real Estate House Flipping Traps! #flippinghouses #eugeneoregon #oregon #housing #market #realestate

If you’ve got several leads waiting to turn into potential deals, you can’t wait for one to suddenly come knocking at your door. Successful real estate house flippers have one trait in common: they place an emphasis on proper planning. Once you’ve secured a deal, you must decide what kind of rehab you will perform. Will you conduct a few simple cosmetic upgrades (like these  10 rehab projects you finish in one weekend )? Or, is the home nice enough to sell after  an easy prehab ? Are there structural damages that will require you to carry out more major renovations? Will you focus on implementing environmentally friendly renovations  – also known as “greenhabbing” – so that you  qualify for certain tax benefits ? Once you’ve determined your strategy, it is important to ask yourself these specific questions before diving into the construction action: What are the current market conditions in my area? What does my ideal buyer look like? Does my marketing cam...
Read more