Buying a House Archives

Questions to Ask to Get the Most Value from a Home Inspection

November 11, 2020January 31, 2023 / in Buying a House / Luke Feldbrugge

There are a lot of steps to buying a house, and while they are all important, some are just more valuable than others. Writing an earnest money check, for example, is necessary, but it doesn’t do much for you as a buyer. A home inspection, on the other hand, can be extremely valuable, potentially helping you save money when you negotiate the home price or keeping you from buying a total lemon.

Getting the keys to your new home is a monumental moment after a long waiting period. The inspection report can give you up-to-date information relating to the nature and location of any defects (if there are any). However, to get the most value out of your home inspection, you need to ask the right questions.

How to Submit a Winning Offer with an FHA Loan

November 4, 2020 / in Buying a House / Luke Feldbrugge

Many first-time home buyers use FHA loans because of the significant benefits they provide. But there are some unique considerations you have to keep in mind, particularly when it comes to actually writing an offer. Here’s a quick introduction to FHA loans as well as some tips on how to submit a winning offer using one of these loans.

Submit a Winning VA Loan Offer

October 27, 2020May 31, 2023 / in Buying a House / Homes for Heroes

When presented with an offer on a home that involve government-backed loans like VA loans, sellers can be hesitant. This is mostly because some people believe that VA loans make a deal harder to close. That may have been true at one point, but is far from the truth now. Still, these beliefs persist. So, if you’re an active duty military member or veteran using a VA loan to buy a house, you’ll need to make sure your offer is as strong as possible to be accepted. Here are some tips on purchasing a house with a VA loan and crafting a winning offer.

Write a Letter to Buy a House – Tips for Writing a Personal Letter to Sellers

October 21, 2020February 9, 2021 / in Buying a House / Luke Feldbrugge

Many housing markets are extremely competitive, with multiple offers coming in for desirable homes, especially moderately priced ones. So, if you find a house that you love, you need to do everything you can to make the strongest possible offer. For years, real estate experts have recommended writing a personal letter to a home seller to explain why you want to buy the house. But in the age of technology, many people wonder, “Do I really need to write a letter to buy a house?” The short answer is yes. A personal letter is your opportunity to make a meaningful connection that motivates the seller to accept your bid. Let’s look at some tips for writing a strong personal letter as well as some special considerations for heroes.

What to Consider When Buying a House from a Family Member

October 14, 2020February 9, 2021 / in Buying a House / Luke Feldbrugge

Many heroes enter their professions because they are continuing a family legacy. It’s not uncommon to see whole families of teachers, men and women following in their parents’ footsteps to become police officers or firefighters, or military service members carrying on a proud family tradition. But home ownership can be a legacy too, and many people want to pass down the homes they cherish to their children or other relatives. Other times heroes want to purchase a home from a family member to help them out or return to live in their childhood home. But buying a house from a family member comes with unique emotional and legal considerations, so it isn’t as easy as just handing over the keys. Here are some tips on how to buy a house from a family member while making the process as quick and painless as possible.

How Accurate is an Online Home Value Estimate?

October 6, 2020July 16, 2022 / in Buying a House / Luke Feldbrugge

Whether you’re looking to buy or sell a home, major real estate sites like Zillow and Redfin make it easy to get a home value estimate. The information is listed prominently when you look up any address or use their search tools. But housing markets are in constant flux and there are countless variables that factor into a home’s true value. So, just how accurate and reliable are these estimates? To help you make the most of online resources and get the best possible price for your home, here’s a look at how online calculators determine home values and how you can use that information to your advantage.

What You Need to Know About Escrow: The Do’s and Don’ts of How Escrow Works

September 9, 2020August 4, 2021 / in Buying a House / Luke Feldbrugge

Buying a home can sometimes be a long and difficult process. But when you find a home you love and your offer is accepted, the finish line is near. This period is commonly referred to as “being in escrow” and there are a number of things you need to do — and not do — before closing. To help you achieve your dream of home ownership, here’s what you need to know about escrow to ensure you can close on your new home.

What Does a Mortgage Loan Officer Do to Help Me Buy a Home or Refinance?

August 18, 2020July 8, 2022 / in Buying a House / Homes for Heroes

What does a mortgage loan officer do? Simply put, a mortgage loan officer will gather and review their clients’ financial information and documentation to determine if their client is eligible for a mortgage home loan. They are required to follow all federal and state lending regulations during their evaluation process in determining eligibility. Do they take mortgage loan officer training? Is it required to have a mortgage loan officer license? More importantly, what does a mortgage loan officer do for me? Let’s unwrap this for you.

FHA Loans for Teachers | Ways to Save on a Home Purchase

May 8, 2020May 10, 2023 / in Buying a House / Bob Filipczak

FHA loans for teachers are a good solution for first-time homebuyer educators, but only if you’re not perfect. If you are in perfect shape for the house hunt — your credit score, your budget, your savings and your energy level — then you probably don’t need an FHA loan. The FHA loan system is a national program built to help first-time homebuyers, and everyone, overcome some of the hurdles that stand between you and affording a home. If you are looking at the real estate market and the financial hoops you need to jump through, you might be ready to give up before you start. Before you do, may we suggest taking a look at these loan guarantees and take a deep breath. There is help out there.

FHA Home Loans for Healthcare Professionals

May 7, 2020May 3, 2021 / in Buying a House / Maggie Looker

Owning a home is very important to many Americans. Homeownership gives you privacy and strong community ties. As medical professionals, strong community ties are important to you whether you run a private practice or work at a local hospital. One way to achieve your dream of owning your home is by using an FHA loan for Healthcare Professionals. FHA home loans are available to all healthcare professionals around the country. These loans are excellent for people who do not have very good credit but wish to purchase a home in their local area.

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