Do you even need to use a real estate agent when buying new construction? Or should you just deal directly with the builder and their sales representative? These are common questions people who are considering buying new construction ask.
For some, it’s a welcome and exciting thing to look forward to. For others, it’s something you’d rather not even think about, let alone actually do. Not to mention, you and your spouse may not even be on the same page with it.
I’m really looking forward to helping you find that perfect home! As I’m sure you’re hoping and expecting, home shopping is exciting and a lot of fun! But it can also be stressful and aggravating at times. Which is why I’m giving you this…
So, does owning a home make more sense than renting? Obviously, coming from a real estate agent, you’d probably expect my answer to be a resounding “Yes!” That’s a logical assumption since most real estate agents would answer yes to that question. But to me, owning doesn’t make as much sense as renting…in all cases.
It’s a financial guaranty that insures lenders against loss in the event a borrower defaults on a mortgage. If the borrower defaults and the lender takes title to the property, the mortgage insurer (MGIC, for example) reduces or eliminates the loss to the lender. In effect, the mortgage insurer shares the risk of lending the money to the borrower. (Mortgage insurance should not be confused with mortgage life insurance, which provides coverage in the event of a borrower’s death, or homeowner’s insurance, which protects the homeowner from loss due to damage from fire, flood or other disasters.)
At Back To Basics Realty, we know that buying a home is one of the biggest personal financial decisions you will ever make. It’s only natural that you might be a bit afraid or intimidated by the whole home-buying process – especially if your are buying your first home.