Taking on a mortgage, especially as a first-time homebuyer, can be intimidating. Finding out that it can lower your credit score can be downright stressful. It’s a bit of a “Catch 22”: You need good credit to buy a house, but buying a house lowers your credit.
Whether buying or selling a home in St. Louis, finding the best realtor will involve some work. You’ll want to ask people you know for referrals, do some research, and finally, interview the best candidates. (Read Follow These 3 Steps to Find a Real Estate Agent.) Sales statistics and experience are important, but you need to feel confident in your decision on a more personal level, too.
After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.
Believe it or not, most realtors still encourage open houses. Far from being obsolete, they can be a great way to showcase a home when they’re managed by a competent real estate professional.
To understand why that’s the case, it helps to understand the psychology of how people buy houses, even with today’s modern technology.
You’ve made the decision to sell your home and you want to do it fast. Selling a house is stressful, and every day it’s on the market can ramp up the anxiety. You just want it done so you can move to your new home and get on with your life.
When you’re planning to sell a home or buy a home—it’s a big deal. Sure, you can do it on your own, but it’s a complicated process and will take up a lot of your time. There are some things that are better left to the experts, and real estate is one of them.
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No matter why you’re moving or where your new home is, there’s one thing every seller wants—to find a buyer fast. Sure, it’s partly luck, but there are some things that can speed up the process.
By Kay Bell
You’ve found the perfect house. Interest rates are still low. There’s just one thing standing between you and your dream home: a down payment.
Don’t abandon your homeownership dreams just yet. Here are nine ways to come up with the cash for your new home.
Pay Off Your Credit Cards
By Cheryl Knight
Buying a house is a life-changing process that requires lots of upfront financial planning.
When looking for a home, keep certain factors in mind, including your financial situation, types of available loans, your credit score, the price of the house and your down payment so you can navigate the process smoothly.
Your Financial Situation
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