Found 2 blog entries tagged as first time homebuyer.

Top 10 Mistakes to Avoid for First-Time Homebuyers



Highlighting the common pitfalls of first-time homebuyers, we dive into practical aspects like the importance of a thorough home inspection, smart strategies for home purchasing, the potential downsides of aiming for a higher down payment, and the value of first-time buyer counseling sessions. We also cover the need for creative problem-solving, the risks of buying older homes without reserves, and the often-overlooked process of claiming a homestead exemption. Wrapping it up, we share insights into why reading reviews is crucial when selecting a real estate agent and the perks of choosing a real estate team over a solo agent.

1. Not Getting a Home Inspection

Many first-time homebuyers have…

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How to Buy Your First Home in Huntsville, Alabama & Build Wealth

Buying your first home in Huntsville, Alabama, is a great way to build wealth. According to the US Census, homeowners have an average of 40 times the net worth of renters. That's $255,000 versus only $6,300 for renters. Let's jump into the six steps on how to buy your first home in Huntsville, Alabama.

1. Determine Your Budget

The first step is to determine your budget. A lot of that is going to be dependent upon you, it's going to be dependent on your credit, your income, and your overall debt level.

A good rule of thumb is a 28/36 rule. Basically, your house payment should not be greater than 28% of your gross monthly income. The 36 is if you add your house debt and…

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