The decision to buy a home can be easy to make, but it is the process that goes into it that usually stumps people. The typical age for a first time homebuyer is 31 years, while that of a repeated buyer is 53. Additionally, about 33% of the homebuyers in 2014 were first time home buyers. 12% of home buyers choose to read through online information before making a home purchase and 43% of the buyers made use of internet to search for homes as their first step. Keeping this view in mind, it wou...

When owning a house starts to become more of a reality than a dream, one of the first things that the new home seeker must consider is the down payment. How much should it be? How will I get it? How long should I be saving for? All of the aforementioned questions are sure to arise during the initial decision to become a homeowner. This article has a few pointers that you can use today, while saving for a downpayment to buy a house.

Timing

The decision to buy a house ...

A report by National Association of Realtors has stated that 88% of the buyers in the US have financed their home purchase. Despite this, many people have reported that the process of getting finance for their home buying endeavor is a nerve-racking experience. Many people put off their dream of buying a home because they find it hard to overcome their existing debt and purchase a home. Here are some simple tips on how to overcome your debt situation and purchase a home:

• Remove ...

In the US, twenty percent of property owners use some form of alternative financing when selling their home. Owners act as lenders because by doing so, they have more takers for their property. Some property sales might not happen because a property or person doesn’t qualify according to an institutional lender’s standards. Some reasons why people might not qualify include:

• person is self employed

• bad credit or no credit

• 1st time homebuy...