Adventures in First-Time Homebuying
Behold the adventures of a newlywed couple on a quest to buy their first home in Maryland.
(WARNING: This is a work in progress!)
#1: Buy Now or Later?
Determine if buying a home now is the right thing to do, and see what can happen if you decide to wait.
#2: Why Do Mortgage Rates Go Up and Down?
Find out why today’s 6.00% APR is tomorrow’s 7.50%.
#3: How to Find Your First Home
How do you go from thousands of listings to finding The One? See which method for finding your first home works best for you.
#4: Before You Begin the Homebuying Process…
Get your act (and your paperwork!) together before embarking on the homebuying journey.
#5: Your Sexy and Glamorous Journey to Preapproval
News flash: houses cost money! And I bet you’re a little short. So let’s see if we can find somebody to lend you a few hundred thousand dollars…
#6: The Hunt for a Real Estate Agent
You’ll need a guide to assist you on your adventure. Here’s how to find the one that’s best for you.
Part 1: The basics of real estate agents
Part 2: How to find the perfect agent
Part 3: Questions to ask, and what to expect next
Part 4: Why not to go without an agent, how to get a commission rebate, and our agent experience
#7: How to Make An Offer They Don’t Refuse
The anatomy of an offer, and some tips for spotting eager sellers.
#8: Countdown to Closing
Once your offer is accepted, it’s time to kick things into high gear on the road to closing day.
A few bonus posts meant to mark the milestones on our journey to first-time homeownership.
And don’t miss the excellent Home Buying Journal written by jim over at Blueprint for Financial Prosperity.