Adventures in First-Time Homebuying

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.

Buy Now or Later?

#2: Why Do Mortgage Rates Go Up and Down?

Find out why today’s 6.00% APR is tomorrow’s 7.50%.

Why Do Mortgage Rates Go Up and Down?

#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.

Part 1: Hire a Realtor
Part 2: On a website
Part 3: In the newspaper
Part 4: Drive around town
Part 5: Buy land, add house

#4: Before You Begin the Homebuying Process…

Get your act (and your paperwork!) together before embarking on the homebuying journey.

Before You Begin the Homebuying Process…

#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…

Part 1: How to find a loan
Part 2: How to get pre-approved
Part 3: Credit, pre-approvals, and rate locks
Part 4: A warning about internet lenders

#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.

How to Make An Offer They Don’t Refuse

#8: Countdown to Closing

Once your offer is accepted, it’s time to kick things into high gear on the road to closing day.

Countdown to Closing

Special Editions

A few bonus posts meant to mark the milestones on our journey to first-time homeownership.

Offer Accepted!
We Closed!
We Moved In!

And don’t miss the excellent Home Buying Journal written by jim over at Blueprint for Financial Prosperity.