Are you buying a first home but confused by jargon? Let us explain

Buying the first home is both exciting and distressing. It is that time in life where one feels incredibly vulnerable to ‘You don’t know what you don’t know you don’t know." Such a feeling is justifiable.-Everyone’s situation is different. Every buyer has a different posture towards risk. Every buyer values a homes attributes differently.

You want to be VERY careful as a first time home buyer. this question was apparently asked back in 2010 so I’m not sure why Trulia is sending it out again but I can tell anyone that is a first time homebuyer that there ARE very good programs out there. You just have to make sure your Realtor AND loan officer are aware and knowledgeable about them.

Charlotte home prices aren’t going down anytime soon. Here’s why. Best Answer: Interesting see-saw effect here. As the sales of homes go down, people renting tends to increase. Supply/demand goes into play. The home prices decrease and the rental prices increase due to the increased demand and smaller supply.Banks failing to deliver home insurance value A former Chief Executive of the national health insurance authority (nhia), Sylvester Mensah has. Someone should tell this man his campaign has been successful – the time to deliver is now! Indeed.

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Average home sells for 3.9% less than asking price – Which? News Recent sellers typically sold their homes for 99% of the listing price, and 23% reported reducing the asking price at least once. The typical home sold was on the market for 3 weeks. 39% of sellers who used a real estate agent found their agents through a referral by friends or family, and 24% used the agent they previously worked with to buy.

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Landlords take the least taxing route to renting Starting in 2018, most landlords will qualify for a new pass-through tax deduction established by the Tax Cuts and Jobs Act. This deduction is a special income tax deduction, not a rental deduction. Depending on their income, landlords may be able to deduct (1) up to 20% of their net rental income, or (2) 2.5% of the initial cost of their rental property plus 25% of the amount they pay their employees.

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Don’t Let Confusion With Mortgage Jargon Cost You – Home. – Don’t Let Confusion With Mortgage Jargon Cost You. A recent study of US and UK home buyers, conducted by the London based nationwide building society , found that more than 40% of people buying homes were confused by the jargon that lenders used to describe mortgages.

With all the different options, terminology and acronyms, it can be very confusing trying to get a foot on the property ladder. If you’re a first-time buyer it can feel like trying to learn a new language and very time-consuming when you really want to be thinking about how to decorate. So if you’re confused [.]

Buying a house requires a lot of time and effort, but these 10 steps can help make the home buying process manageable and help you make the best decisions possible. Step 1: Start Your Research Early As soon as you can, start reading Web sites, newspapers, and magazines that have real estate listings.

If you’re looking to purchase your first home, it’s important to know the lingo! No matter what stage you’re at in the home-buying process, the terms I’ve defined below will help as you learn how to make an offer you’re comfortable with and that the sellers will love.

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