Whether it’s your first property purchase or you’re a seasoned buyer, everyone can use a little help to make the best decision.
Finally ready to buy a home? You’re not alone. This year, 1.3 million Realtors (including our members) will help people buy more than five million homes in the United States. Buying a home is a huge financial transaction, to be sure, but it’s also one of the most important pieces of building the American dream. Study after study shows that people who become homeowners become happier, wealthier and more stable. Even kids who grow up in a home that is owned by a parent tend to do better in school.
Yet while there are a million reasons to buy a home, the process of selecting, financing and closing on a home can seem daunting, particularly if you’re not experienced. After all, most people (except our members, of course) don’t buy houses every day. That’s why we’ve assembled this handy list of resources to help you through the process.
Still have a question? We invite you to work with one of our professional Realtor members to help make the process easy and fun.
This compendium of resources from realtor.com is an indispensable guide to buying a home. It will help you set your objectives, stay within your budget, objectively assess properties and avoid pitfalls that can trip up even the most experienced buyers.
Getting a Mortgage
Most people need to finance their home purchase, but getting a mortgage can feel like a maze of paperwork. deadlines and unfamiliar terms. The Consumer Finance Protection Board has put together the most commonly asked questions about how mortgages work, mortgage lingo and mortgage types. If you’ve wondered how to tell an APR from a TRID, start here.
Buying an Investment Property
When Joshua Dorkin wanted to invest in rental property, he looked around for a great and honest resource to help him understand what he needed to know. When he couldn’t find one, he decided to build a site dedicated to everything you need to know about investment and rental property. Today, Bigger Pockets is one of the largest individual real estate investor communities in the county, with hundreds of thousands of individuals who share tips and knowledge.