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First-time home buyers

If you’re a first-time home buyer these articles are chock full of advice that will give you the added “edge” when buying your first home. From finding your dream home online, negotiating a purchase contract, securing the best financing, to tips for a stress-free closing, you’ve now found your #1 first-time home buyer resource.

So WELCOME, check things out and visit often…you are well on your way to owning your first home!

Stephen Katz

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Consider These Questions Before Buying a Home

posted by Stephen Katz
Friday, December 19, 2014

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home. Read More »

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Harvard University recently concluded a study in which the Joint Center for Housing Studies evaluated why renters do not always have plans to own in their future. The chief reason was financial concerns, rather than any lifestyle perks they feel are linked to renting. Below is hopefully some information that can ease fears and remove myths about buying. Read More »

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Before Winter Hits Consider 4 Reasons to Buy

posted by Stephen Katz
Tuesday, December 9, 2014

As you start thinking about being with family and friends to celebrate the holidays, while eating good food and having a warm fire, take some time to read below and see why it might be a good time to make a move into a new home. Read More »

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The Importance of a Real Estate Agent

posted by Stephen Katz
Wednesday, December 3, 2014

Buying or selling a home is not for the faint of heart as it is quite daring. Many think that the ease of access to information throughout the internet negates the need for a realtor.  However this cannot be further from the truth as you need someone to guide you throughout this courageous experience.

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Harvard University’s Eric Belsky, who is the Managing Director of the Joint Center of Housing Studies at Harvard University and also serves on the editorial board of the Journal of Housing Research and Housing Policy Debate, shared a paper on homeownership last year. It is entitled – The Dream Lives On: the Future of Homeownership in America and within it he explores five financial reasons he thinks people should keep in mind when shopping for a home. Read More »

Now is the Time for Buyers to Have Cash Ready

posted by Stephen Katz
Friday, November 14, 2014

Recently there was a downturn in existing home sales. Some are speculating that this is a result of fewer individual cash investors. However, this can easily be a great entry point for other buyers, according to the National Association of Realtors. Read More »

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Many are looking at the money in their 401(k) along with the increase in home prices and wondering if they should use some of those funds. Read More »

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How Do You Define Earnest Money?

posted by Stephen Katz
Thursday, October 9, 2014

It is a deposit paid toward the purchase of a home, to illustrate to the seller how serious you are about buying the property. Read More »

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Problems Associated With Excessive Debt

posted by Stephen Katz
Thursday, October 2, 2014

Many Americans, including myself, carry a small and manageable amount of credit card debt. There is nothing wrong with this. It is when you have an excessive level of debt in relation to your monthly income, that you can hurt your chances of getting approved for a mortgage loan. Read More »

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Your Debt-to-Income Ratio (DTI)

posted by Stephen Katz
Tuesday, September 30, 2014

This ratio can make or break your loan approval, as it is one of the largest qualification criteria used for home loan applicants. When you apply for a mortgage, one of the first things the lender will do is check your debt-to-income ratio, or DTI. Read More »

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