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 ...Unlock Your Potential
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| BUYING A HOME 101 con't |
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There is never a wrong time to buy the right home. The key is finding a good buy and taking the time to carefully evaluate your finances.
Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential and tax benefits. It's also an automatic savings plan that you cannot get from renting!
There are two routes that buyer can take to purchase a home, Resale Market or New Home. Fortunate for you, our agents are trained in both. For simplicity, this is the difference between new vs. used.
Resale Market
Majority of buyers will function in this market due to the nature of the industry and variety of availability of different options. A home available on the Resale Market is a home that has had a previous owner. The types of homes you will find in this market will be Short Sales/Pre Foreclosure, HUD Homes, Foreclosure, Investment Properties, along with Traditional Sales to name a few.
- What is a traditional sale?
A Traditional sale will fall in the realm of a home that can close in 30 days, the home is not abandoned, the owner is not “upside down”(will need a definition here), the property is not distressed with damages, and the home is not in Pre Foreclosure or Foreclosure.
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