Home Ownership in America For decades it has been an established financial principle that homeownership is key to wealth building. A recent study by NeighborWorks America found that over 60% of Americans consider it a very important part of the “American Dream”. … Homeownership still proves to be a major factor in wealth building for …
home buyer
Can I Use A Buyer’s Agent When buying A New Home?
Buying a New Construction Home? As the new home industry is experiencing a healthy come-back recently, we’re hearing buyers ask: “Can I use a buyer’s agent if I buy a new home?” We say yes, and we highly recommend using a buyer’s agent when purchasing new construction. In today’s real estate market, generally* the home …
How to Determine Resale When You Are Home Shopping
🤔How to Determine if A House Has Good Resale Value … Most home buyers make a choice on a home purchase with a combination of emotion and reason. When it’s all said and done, most people want to fall in love. They want to come home to a place that makes them happy. Before you …
How Much Do I Need for A Downpayment on a House?
🤥Myths Abound Concerning Down-Payment Requirements There are several reasons why there are myths circulating about how much home buyers need to have saved for a downpayment on a home. Studies by NAR (National Association of Realtors®) show that half of Americans believe the misconception that you need to put 20% down on a house. This is …
Five Reasons to Buy A Home in Winter
How Buying a Home in Winter Can Make the World A Better Place We’ve all heard the conventional wisdom about buying a home in the spring, when the real estate market is more “active”. But sometimes, it doesn’t always work out that people can buy in the spring. Sometimes waiting until spring doesn’t make sense …
Top 10 Homebuyer Regrets – How to Avoid Buyers Remorse
Search for Homes in Frederick Maryland 🏡What’s My Home Worth? Need A Real Estate Agent in Your City? We Can Refer a Great Agent! Chris Highland, Associate Broker eXp Realty Maryland Cell: 301-401-5119 Broker: 888-860-7369
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Documentation for Your Frederick MD Mortgage Lender
Gather Your Documentation Before you make a loan application, you’ll need to gather up some documentation for your mortgage lender. Each lender has their list of needed items, but most lists include these basic things: Your landlord’s ( for the last 2 years) contact information. (First-Time Buyers) W-2’s for each one on the mortgage, or …
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Advice for Buyers When the Real Estate Market is HOT!
In many towns and cities across America right now (Spring 2023) the market is hot… meaning the demand is high and the inventory is low. It can be a tough market for buyers, so here’s some advice for homebuyers in a hot market from industry veterans: 🔥Setting the Stage for Homebuying Advice Before I even begin, …
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Interest Rates and Home Affordability
The Impact of Interest Rates on Home Affordability The total cost of a Frederick home is really determined by two factors: the price of the home and the cost of financing, assuming the buyer is not paying in cash, which is about 90% of the time these days. The effect of interest rates on home affordability …