Over Half of All Buyers Are Surprised by Closing Costs

First Time Home Buyers, For Buyers, Move-Up Buyers
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According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much
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Is Your First Home Within Your Grasp?

First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers
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Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now! Give
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Careful…Don’t Get Caught in the Rental Trap!

First Time Home Buyers, For Buyers, Move-Up Buyers
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There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of
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Millionaire to Millennials: Buy Now!

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
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Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The
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Renting or Buying… Either Way You’re Paying a Mortgage

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
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There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month
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The Impact of Homeownership on Family Health

First Time Home Buyers, For Buyers, Move-Up Buyers
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The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the
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