When First Time Home Buyers Feel Intimidated. .

There are very few instances in ones life that is as important as buying your first home. 

You don't have to do it alone, there are real estate professionals willing to help you achieve this dream. 

Just be sure that you are motivated to be a homeowner and hire an agent whom you feel comfortable with.

Remember, when you are buying a home, the seller has their own agent representing them....you need a buyer's agent to represent your best interests when buying a home

A first time home buyer is defined as an individual, who has not had an ownership interest in a home prior and has little or no experience in the home buying process

The National Board of Realtors advice to these buyers is to take your time and not rush. There are lots of steps and you need professional help.

One of the first steps to being a first time home buyer is to get their financial house in order, your Real Estate Agent will help you make sure your credit scores are compliant with all the new mortgage lending guidelines. You need a mortgage loan and that is the first focus in the home buying process. 

You need to be aware that the actual cost of buying home is usually much higher than the cost of the home itself, as it includes taxes, interest, and closing costs etc. 

But one thing you should not pay is your own Real Estate Agent, they are paid from the commissions offered by the seller. 

In general, the purchase of any real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. 

This will assure you that you will not overpay a penny over what the house is worth. 

Your lender send a third party appraiser to make sure the sales price in your contract is exactly what the house is worth or MORE.  

What happens if the house is valued less than the purchase price previously agreed with the seller? 

In this case the lender will not fund the loan to you. If the house's value is less than what your contract with the seller says..the lender will not give you a loan and subsequently  there will be no sale. 

The seller then will have to reconsider and they have the option to drop the price to the appraised value of dispute it by using another appraiser

This is when your real estate agent comes handy...to protect your best interests and advice you accordingly. 

Dowload Your Benefit Programs for First Time Home Buyers in Maryland and see how much you can save as a First Time Home Buyer

DOWNLOAD FULL LIST HERE

Please contact us for more details 

Help For First Time Home-Buyers in Maryland

301-246-0001

Originally published http://www.reallynicehomes.com/blog/when-first-time-home-buyers-feel-intimidated/

HELP My House is Not Selling - Home Not Selling Forum

HELP My House is Not Selling

What To Do When Your House Don't Sell

Here's a list of important facts we gather from homes that did not sell.

Home Not Selling FORUM

Q & A

What to Do When Your House Doesn't Sell? 

• Q: "Should I drop my price and re-list it with my agent once again? A :Often the reason a home doesn't sell is because it wasn't properly positioned to attract to the maximum number of buyers. Your house needs to be in "POSITION TO SELL". So what is the solution? I understand your past agent may be a good agent, but should you considered allowing someone to give you a second opinion on the marketing of your home?  What would your agent do different the second time around?  (see answer "Home Not Selling Forum")
• Q: "We had several showings, but not one offer. What are we doing wrong? A:There’s many reason for this. One of them could be that you as a seller like to follow potential buyers around the house to tell them everything that’s great about your place. Don’t be a HOME SELLER KILLER! that’s what your agent is supposed to do for you. All communications should be between your agent and the buyers.  It can also be your price, then you are helping your competition sell their homes instead of selling yours. Is your house cluttered full of stuff, vacation pictures and mug collections? Is your house clean? How is your curb appeal? Is the Internet description of your house matching the actual condition of the house?(see answer "Home Not Selling Forum")
• Q:"Should I take it off the market, remodel my kitchen with granite counters and put it back for sale?  A: " It depends, Your best bet is to figure out where you stand by taking stock of your home, what needs repairs, what's the current market, and nearby sales activity. The answers to this will give you a clearer answer if you should repair your house or not. Is all about the return on investment. (ROI) If you spend $5000 for a new kitchen, can you sell your house for $10,000 more? Are nearby sales supportive in raising your price $10,000 more? You need guidance and a complete assessment before you spend $20,000 to only sell it for $10,000 more.(see answer "Home Not Selling Forum")

 

 

original article here: Help My House is Not Selling 

•  

Foreclosure Bargains Of Maryland. Where Are They Now?

Q: Where are all the good deals now that foreclosures in Maryland have decreased numbers? 

A: I got news for you. Foreclosures have NOT decreased, on the contrary, foreclosures for the state of Maryland have increased when you compare it to last year’s numbers.

According to the latest “Corelogic National Foreclosure Report” Foreclosures in the nation,  have dropped down 34.3 overall since December 2013. The bad news for Maryland is that we are in the top 7 states with the most foreclosures as of February 2015

Is hard to understand that Maryland is put with the like of Florida, Nevada, New Jersey and a few other states that are well known to be always in trouble when it comes to jobs, deficits and housing speculation.

Why are we ranking so high in foreclosures when we lead in the jobs market and low unemployment numbers?

The answer is simple, Maryland simply was too protective of its citizens, providing us with all types of programs and benefits to keep lenders from foreclosing their properties.

There are families still living in Maryland that did not make a single mortgage payment in the last 2 years…some even longer!

Completely different of what our neighbor state of Virginia did for its citizens. Not only they did not protect them… but encourage

Read More

Read more ways to protect your house by going to Maryland Hope Website

Stats and more information provided by: SimplifyingTheMarket.com 

____________________________________________________________________

Send the Tiger of Real Estate a question:

If it make is to our website, you will receive a $10 Starbucks coffee compliments from the tiger....

info@ReallyNiceHomes Subject: Tiger of real estate question

 More tiger questions....HERE

Home Buying Tips for First Time Buyers in Maryland | FREE GRANTS!

First Time Home Buyer Education:

Are you a first-time home buyer eager and ready  to get into the market? 

Here are some steps to take to help you decide whether you're ready or not 

1. Check first what you can afford

2. Use a mortgage calculator to get an idea of what your monthly mortgage payments would be if you bought your first home today

3. Find out what your total monthly housing cost would be, you will need to include taxes and homeowners insurance..

4. Find out how much you'll likely pay in closing costs. The upfront cost when buying a  home shouldn't be overlooked 

5. Look at your budget and determine what is your Debt to Income Ratios

6. Talk to reputable Realtors in your area about your real estate needs

7. A good Realtor®  will help you  look at the big picture. While a buying a house is a huge step in your life and is a great way to build wealth.

Home Buying Tips for First Time Buyers in Maryland | Get Approved -- Seriously! from Herboso and Associates llc

Home Buying Tips for First Time Buyers in Maryland | Two Timing The Market from Herboso and Associates llc

Home Buying Tips for First Time Buyers in Maryland | Two Timing The Market from Herboso and Associates llc

Home Buying Tips for First Time Buyers in Maryland | Location Vocation from Herboso and Associates llc

Home Buying Tips for First Time Buyers in Maryland ! Don't Try To Steal it! from Herboso and Associates llc

Home Buying Tips for First Time Buyers in Maryland | Can You Afford It? from Herboso and Associates llc

What if you don't have the money for the down payment?

If your funds are low and saving for a down payment has become very difficult, you are in luck if you want to live in Maryland today

Our state government of Maryland along the county & city governments, have the funding available to help
and assist you as a first time home buyer . . . 
and purchase your first home today.
The reason why they want to help you is that they want to stimulate the economy and they have allocated lots of money to help first time home buyers in the form of cash, down payment assistance, gifts and/or credits . . all of which could decimate the money you will need to buy a home today!

What if you are having issues with your credit?

That is another obstacle that can easily be fixed if you are working with the right people that wants to make it happen..

CLICK BELOW TO GET STARTED! 

WE CAN HELP YOU NOW!

First Time Home Buyer Education

CREDIT REPAIR SERVICES | FIRST TIME HOME BUYER PROGRAMS in MD

First Time Home Buyers Grants and Programs in Maryland 

CREDIT REPAIR SERVICES | FIRST TIME HOME BUYER PROGRAMS in MD

My name  is Fernando Herboso, Broker/CEO for Maxus Realty Group. In the last few months, I have developed a team of dedicated professionals to help anyone who has the desire to become a homeowner today in Maryland.

My team can help you repair your credit or simply increase your credit scores before you can buy a home. Their help could literally save you hundreds of dollars per month on your mortgage payments.
Our credit repair program is designed to chart the course, and give you the exact steps to find the quickest way to raise your credit scores so you can buy a home in 2014

They also have full knowledge of any cash, down payment assistance, gifts and/or credits that is available for you based on your current financial status.

While some of these funds are well known to some people, there are others that are available and get very  little attention from the public..as a matter fact, even some real estate agents and  loan officers  are not even aware that some of these programs exist!

If you have a genuine desire to become a homeowner in 2014, all you have to do is raise your hand by clicking the picture below

I'm so certain that my team of professionals can help you buy a home in 2014 that:

I'm willing to give you a personal guarantee!

If my team can not help you obtain a mortgage to buy a home in 2014. . .
I will pay you five hundred dollars ($500.00) for your trouble. (call us for details) 

If you are tired of people overlooking you with indifference the second your application becomes an issue that needs lots of work. . .
This is the opportunity you have been waiting for!

Clcik on the picture below and take your first step  that will make a huge different to your financial freedom 3 -5 -10 years from now

First Time Home Buyers Grants and Programs in Maryland 

First Time Home Buyers Grants and Programs in Maryland

First Time Home Buyers Grants and Programs in Maryland 

There is absolutely no reason why anyone who has decent employment and wants to buy a home today 
. .couldn't do it.

The reason why people say buying is better than renting is simply because it is true!

You are paying a mortgage anyway!

I can assure you. You are better off paying your own mortgage that your landlord's. . 

What if you don't have the money for the down payment?

If your funds are low and saving for a down payment has become very difficult, you are in luck if you want to live in Maryland today

Our state government of Maryland along the county & city governments, have the funding available to help
and assist you as a first time home buyer . . . 
and purchase your first home today.
The reason why they want to help you is that they want to stimulate the economy and they have allocated lots of money to help first time home buyers in the form of cash, down payment assistance, gifts and/or credits . . all of which could decimate the money you will need to buy a home today!

What if you are having issues with your credit?

That is another obstacle that can easily be fixed if you are working with the right people that wants to make it happen


If you have a genuine desire to become a homeowner in 2014, all you have to do is raise your hand by clicking the picture below

I'm so certain that my team of professionals can help you buy a home in 2014 that:

I'm willing to give you a personal guarantee!

If my team can not help you obtain a mortgage to buy a home in 2014. . .
I will pay you five hundred dollars ($500.00) for your trouble. (call us for details) 

If you are tired of people overlooking you with indifference the second your application becomes an issue that needs lots of work. . .
This is the opportunity you have been waiting for!

Clcik on the picture below and take your first step  that will make a huge different to your financial freedom 3 -5 -10 years from now

First Time Home Buyers Grants and Programs in Maryland 

Fix Credit Errors Before Buying Your First Home : Advice for First Time Home Buyers

Advice For First Time Home Buyers: Fix Credit Errors First 

First Time Home Buyer Programs - Tips & Help in Maryland 

Video Educational Series 

Home Buyer Education:

Fix Credit Errors First 

Your Realtor® can help you review your credit report with the assistance of a good loan officer.

Just in case you may find something that doesn't seem right, you have the right to contact the company's website who produced the report.

The three main companies that are reporting your credit are:

1. TransUnion
2. Equifax
3. Experian

These companies are required by law to examine any reported errors on credit reports, and correct them if necessary. 

Disputing your credit scores take time and you don't have to do this alone.

Because this process can be lengthy on time, this is why you'll  need to find the right advocate on your sideto stay on top of it 

That advocate is your Realtor®

Getting ready to buy your first home?

Find a good Realtor® first and you are on your way!

I invite you to watch our educational video series is a free comprehensive 15 video part series  to prepare you for your first  home purchase. The videos cover the home buying process, it is a compilation for over 20 years of experience that will give you an advantage to begin the process

Our counselors are ready and waiting to provide you with the care and direction you need to take if homeownership is in your plans.

We can also  offer  guidance on improving your credit. 

To begin receiving counseling, please write us to info@ReallyNiceHomes.com or call 301-246-0001. 

First Time Home Buyers Help for Maryland Residents 

What is Your Debt To Income Ratios? First Time Home Buyer Tips

Advice For First Time Home Buyers: What is Your Debt To Income Ratios? 

First Time Home Buyer Programs - Tips & Help in Maryland 

Video Educational Series 

Home Buyer Education:

What is Your Debt To Income Ratios? 

This ratio represents your amount of monthly payments (bills) compared to your average monthly income. 

DTI Debt-to-income ratio 

Lenders are typically interested in borrowers with a DTI  ratio between  28 percent to  36 percent. These numbers are a general guideline, and not a hard and fast rule.

You'll have a much easier time qualifying for a loan if you fall between this ratio.

If you are presently overwhelmed  with bills and barely having enough money after you get paid...
You don't need to buy a house just yet...
It's time to pay down some of those bills first and lower your DTI 

Getting ready to buy your first home?

Find a good Realtor® first and you are on your way!

I invite you to watch our educational video series is a free comprehensive 15 video part series  to prepare you for your first  home purchase. The videos cover the home buying process, it is a compilation for over 20 years of experience that will give you an advantage to begin the process

Our counselors are ready and waiting to provide you with the care and direction you need to take if homeownership is in your plans.

We can also  offer  guidance on improving your credit. 

To begin receiving counseling, please write us to info@ReallyNiceHomes.com or call 301-246-0001. 

First Time Home Buyers Help for Maryland Residents