Posts with tag 'First Time Homebuyers'
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7
Here's How You Can Afford to Buy a Home in Ohio in 2019
Do you dream of buying one of our local Mansfield homes for sale, but think there's no viable way to afford it? Think again! 2019 can be your year to purchase a house! Gathering the right information, taking advantage of multiple resources and making friends with your budget are the critical ingredients for taking that life-changing step. With a bit of planning and effort before you begin searching, buying a home may not be easier than you ever imagined.
- Understand What You Can Afford
Now is the time to create a home buying budget, and in doing so, you'll know what you can afford in relation to where you want to purchase. In addition to the actual mortgage payment, you'll need to plan for the down payment, closing costs, taxes and insurance, and the likelihood of higher energy and maintenance expenses. That being said, in many cities, monthly rental rates are at or above what you will pay for a mortgage payment. One of the best ways to determine your home buying budget is to talk to a lender and get pre-approved for a mortgage. Knowing what you can afford will allow you to build your budget around what you're expecting to spend on your home.
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Buying a House: 4 Reasons to Escape the Rental Trap
If you are a current or aspiring Ohio resident, then you should know that Mansfield homes for sale are worth looking into. Mansfield represents The Heart of Ohio, with a beautiful city skyline framed by lush forest woodlands. Arts-friendly and well known for its racing scene, Mansfield also prides itself on its thriving economy, whether you're looking to be a part of the local businesses or a large corporation.
Our REALTORS® at Haring Realty are always proud to introduce a client to the possibilities Mansfield has to offer, from the charm of the city itself to its amazing real estate opportunities. There's nothing quite like helping a new couple or transitioning Ohio family find a home that is just perfect for their needs - especially if it's their first home. Many people are looking to escape from the endless cycle of renting instead of owning. If you're not sure why here are just a few key reasons:
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Buying a Home in Mansfield: What is a Contingent Listing
If you've been browsing online listings of Mansfield homes for sale, you've probably come across some that are listed as "contingent." Some buyers shy away from contingent listings because they don't really know what that means, or because they assume it means that the home isn't available. That can be a big mistake.
So let's take a moment to go over contingent home listings, and the different types of contingencies you may come across on your home search.
24
How to Buy a House in a Seller's Market
Insider Help for Buying a House in a Seller's Market
Buying a house can be more challenging in a seller's market. It may feel as if you keep hitting roadblocks and dead ends and only the sellers are in control. In this market, there are more potential buyers, able and willing to make a purchase, than there are Mansfield homes for sale. The low inventory means that the existing homes are priced higher, but still sell relatively quickly.
This does not mean that you can't buy a home in Mansfield, Ohio for a good price even--it just means you may need a little help and advice from real estate insiders. Here are three ways to buy your dream home even in today's market.
14
Understanding Real Estate: What is PMI?
What is Private Mortgage Insurance?
We all know that buying a house has its challenges, and the terminology alone is enough to make your head swim. One of the terms our REALTORS® often get asked about is PMI—Private Mortgage Insurance. What is it? How does it work? What does it cost? Do I really need it? Is it tax deductible? We're here to answer all your questions for you.