NewBuyer Blog » home buying terms

Thinking about Buying your First Home

NewBuyer — Sun, 10 Jan 2010 15:00:59 +0000

A practical look at the factors the first time home buyer needs to consider before buying a home. Determine if you will be in the home long enough to cover the buying and selling costs. Consider home features that will meet your needs now as well as in the future. Carefully consider the source from which your downpayment and closing costs will come and be aware of the additonal costs of home ownership.

From the resource: “Just how long does it take to cover the buying and selling costs? That depends on various economic factors. Most parts of the country have an average of five percent appreciation per year. In this case, you should plan on staying in your home at least three to four years to cover buying and selling costs”

Source: Really Great Rate

Read More About Home Buying at Newbuyer.com

Real Estate Glossary

Elizabeth Dennis — Thu, 31 Dec 2009 13:00:30 +0000

A high-quality, comprehensive glossary of home buying and real estate terms. A definition of a soft market from the resource: “a market where houses aren’t selling much or quickly, so the sales price is likely to be significantly lower than the asking (listing) price. It’s a good time for buyers to buy, but not the best time for prospective sellers to sell.”

Source: HGTV’s FrontDoor

View more home buying terms defined at Newbuyer.com.

ad[#Inside]

Homebuyer’s Vocabulary

NewBuyer — Wed, 09 Dec 2009 01:50:05 +0000

An extensive collection of home buying terms as prepared by the U.S. Department of Housing and Urban Development.

From the resource: “The potential home buyer will find this Vocabulary helpful for understanding words and terms used in real estate transactions. There are, however, some factors that may affect these definitions.”

Source: HSH Associates

Read More About Home Buying Terms at Newbuyer.com