Buying a home is an investment you can bank on. In the last 30 years, the average Maryland homeowner has seen a minimum of a 5 percentage increase in their properties' value. In addition to offering a better way of life, owning a home is just plain smart, financially.
Buying a home
Buying a home is exciting. The journey to finding the home of your dreams should be smooth and efficient. They key to maximizing your time and return on investment, is to work with trained professionals and take advantage of their knowledge.
Don't hesitate to tap into the knowledge bank of an experienced agent, mortgage lender, appraiser, inspector or settlement attorney. The fact is the seller has an agent dedicated to presenting their interest and you need someone to do the same for you.
For example, an experienced buyer agent can tell you about the various Maryland home buyer down payment and closing cost assistance programs. You can find low interest rate mortgage loans through programs such as HOC, CDA (more home for less), etc. "Some buyers are still qualifying for 100% financing mortgage loans," says Delia Galley with Weichert Realtors in the Olney, Maryland. Another important aspect of having a buyer's agent is that they can negotiate price and contract contingencies on your behalf. They can tell you what the house is really worth.
What you should do before you start looking
It is highly recommended that first time home buyers take advantage of seminars and counseling sessions to learn more about financing programs and the local real estate market. Congratulations. You are on your way to homeownership.
First Time Home Buyer Seminars and Information sessions are offered for free through MDHomeBuyers101.Com". Maryland residents can learn more about available financing programs such as CDA, HOC, FHA, VA, etc in a few minutes.
