Consideration Could Be the Key to Your New Home

Posted Posted in buying, first-time buyers, homebuyers, homes, negotiations, real estate

Consideration associated with a contract is generally thought to be the price and terms but being sympathetic and courteous towards the seller could make a difference in getting the home you want. Business people, like store owners, expect to deal with customers and even come to expect behavior that might not be accepted in a […]

Motivated Sellers, Better Prices and Less Competition

Posted Posted in first-time buyers, holidays, Homes for Sale, Housing prices, real estate, Selling your home

The Winter Home Buyer Report conducted in the second week of November by REALTOR.com® revealed the sentiments of current home buyers expecting to buy a house during the winter months. It appears that there is pent-up demand with buyers who were unable to purchase a home recently. Most cited as an impediment to purchase was […]

Renters Want to Buy

Posted Posted in first-time buyers, homebuyers, Maryland real estate, real estate, Rent versus Buy

Fannie Mae, in a recently released study, states that consumer attitudes continue to be favorable about homeownership, particularly with the younger generations, ages 18 to 34. Slightly over half of them think that owning makes more sense than renting when comparing the financial and lifestyle benefits. 90% of aspiring owners expect to purchase a home […]

More Expensive Than Expected

Posted Posted in buying, FHA MIP, FHA Mortgages, first-time buyers, homebuyers, mortgages, real estate

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the […]