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What First Time Home-Buyers Need to Know


Beth Frischmuth

971-237-1800 [/frame] [dropcap character=”A” color=”blue”]A first-time home-buyer, according to the traditional industry standard, is one who has not purchased a home within the last three years. Programs for the first time home buyer come and go. Some people decide to purchase their first home at auction, in hopes of getting a better deal. With this being said, there are some people who may prefer to get in touch with residential construction companies, in the hopes of building their dream home from scratch. These types of choices depend on the individual and their financial situation.

If you’re interested to learn more about house auctions click to view more. There are a variety of programs available with different down payment options and your lender will explain the advantages and disadvantages of each. Keep in mind that there are additional costs incurred when purchasing a home such as closing costs, the cost of a home inspection and an appraisal.

If you are a first time home buyer, perhaps you have many questions you will want answered. So, let’s take the process of purchasing a home one step at a time. You probably have looked through real estate magazines and perused the internet for homes you are interested in. Now that you are ready to begin looking, you will want to select a Realtor® and a lender. If you’re not quite ready to purchase a property and at this moment in time would rather rent, sites like Apartment Guide can help you to find your ideal property, you can see for yourself here –

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