Buying a home is a huge commitment and one which should be considered carefully before undertaking. Not only are you committing to years of the mortgage, but you are also putting down roots in a community for some period of time. As more and more Millennials consider the pros and cons of buying their first home, they are often confronted with a barrage of information containing half-truths and outright lies.
Here are 2 common myths which cause my potential buyers to hold off buying a home.

Myth #1 – You have to have a 20% down payment.

While it’s true that most 0% down loans have disappeared after the mortgage meltdown last decade, it’s also true that there are some very attractive loan options which do not require a 20% down payment. Although loans with less than an 80% loan-to-value do require private mortgage insurance, which add cost to the monthly payment, there are many options available with a lower down payment; many lenders offer conventional loan. ...

Buying a home is typically the largest financial purchase most people make in their lifetimes. Of course you want to get the best possible deal, but with the desirable properties moving quickly on and off the market, how can you put yourself in the best position to get the best price when making that offer?

By preparing properly, you can be in a great position to write a good offer and have it accepted.

• Get a pre-approval before you go house-hunting
• Write an offer based on home value and not list price
• Gather information about why the seller is moving, their motivation
• Ask for extras, such as washer/dryer or refrigerator
• Consider removing some contingencies or offer better terms in exchange for a lower price
• Write a personal letter, humanize you and your family

You might be hearing it’s a “seller’s market” but remember that these sellers still need buyers
and offers. Be prepared and you put yourself in ...

You’ve heard the rumors; it’s a “Seller’s Market.” Well if you are actively searching for a new home, you know that it’s true. The low inventory of homes for sale has made things difficult for buyers. There just aren’t many homes for sale out there and when a nice listing does come to market, it’s met with multiple offers.....often with offer prices over asking.

If you’re a buyer in this market, you might feel overwhelmed but remember that with a solid strategy, you can still find your dream home, even when inventory is low.

The highest offer price in the world is worthless if the transaction doesn’t close.

Here are a few tips for buyers looking in a tight market:

• Talk to a lender before you shop so you’re prepared
• Be prepared to pull the trigger
• Write a competitive offer
• Keep contingencies to a minimum
• Write a clean offer; Make it easy for the sellers to just say ye. ...