Taken from NAR 2011 Profile of Homebuyers and Sellers
Each year, NAR (National Association of REALTORS®) surveys home buyers and sellers to get more information on their buying and selling experiences. This year’s report shows trends that have not been seen in the last 10 years as tighter credit standards are changing who purchases homes, who sells homes, and how homes are financed.
Source: A first-time homebuyers guide on AOL Real Estate
Buying a home means so much more than paying a mortgage.
Below are critical steps first-time homebuyers need to follow:
Fix Your Credit
The first step toward buying a home takes place months before walking into your lender’s office. It’s crucial to check your credit score at least three to six months ahead of your mortgage application, says Rod Griffin, director of Public Education at Experian. You can request a free copy of the report from each of the three credit bureaus (Experian, TransUnion and Equifax) at annualcreditreport.com.
courtesy of Zillow
According to an article on Forbes.com, we may not have flying cars yet, but a new residential construction project going up in Sunny Isles Beach, Fla., may make you think otherwise.
The Porsche Design Tower will feature an elevator to lift owners — and their cars — to their front doors in seconds. A co-production of developer Dezer Properties and Porsche Design Group, the retail-oriented spin-off company of the luxury German carmaker, it will be the first residential project affiliated with the Porsche name. These car-friendly condos will range from $2.9 million to $9 million.
Taken from Bankrate.com By Polyana da Costa Grabbing a mortgage loan has become a challenging task in recent years. Don’t expect that to change anytime soon. Lending standards will remain tight in 2012, but that doesn’t mean you won’t be able to snag a mortgage with an attractive rate....
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