First-Time Home Buyer Steps: A Guide on How to Buy a House

The steps to buy a house might seem complicated—particularly if you’re a first-time home buyer trying to purchase real estate for the very first time. Between down payments, credit scores, mortgage rates (both fixed-rate and adjustable-rate), property taxes, interest rates, and closing the deal, it’s easy to feel overwhelmed. There’s so much at stake with a first home!

Still, if you familiarize yourself with what it takes to buy your first home beforehand, it can help you navigate the real estate market with ease. So let’s get started!

In this step-by-step guide, you’ll learn what it takes to buy your first home, from beginning to end. Whether it’s your first time in the real estate market or you’re an experienced homeowner who wants to brush up on your skills, this list has you covered.

Step 1: Start gathering a down payment

The very first step every first-time home buyer should

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North Texas home starts boom as builders struggle to meet buyer demand

North Texas builders scrambling to meet a flood of buyers have boosted home starts to the highest level in more than a decade.

Dallas-Fort Worth single-family home starts soared by more than 34% in the third quarter from a year earlier, rising in the face of the pandemic and recession. Builders started almost 13,000 local houses during the just-completed quarter, according to just-released data from Residential Strategies Inc.

“Back when the pandemic hit, we were bracing for a pretty tough summer with all the job loss,” said Ted Wilson, principal for the Dallas-based housing consultant. “But everything opened up in May with strong sales and it has continued onward.

“It’s pretty amazing considering the backdrop of COVID.”

Wilson said the third-quarter D-FW home starts were the strongest since mid-2006, before the Great Recession hit the housing markets.

Builders have started 43,246 North Texas homes in the year ending September —

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What happens if a buyer backs out? Real estate expert on what you need to know

A question that comes up very frequently upon signing a purchase agreement is, “What happens if a buyer backs out?” The seller always wants to know whether he or she will get the deposit.

I wish the answer was black and white. If that were the case, many attorneys would be out of work.

Deposits are generally forfeited unless all contingencies are met and it can be proven that there is a failure to perform or failure to disclose on the part of the seller.

Most contracts call for both arbitration and

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Silicon Valley research building draws buyer

SAN JOSE — A big — and empty — research and development building in north San Jose has been bought by an investor with properties on three continents, an indication that investors still hunger for Silicon Valley real estate despite the coronavirus uncertainties.

Exeter Property Group, which has $2 billion in properties owned or under management worldwide, has bought a vast building at 1710 Automation Parkway in San Jose which is vacant after its previous tenant, Western Digital, exited the site.

Brokers Steven Golubchik, Edmund Najera, Darren Hollak, and Jack Phipps with the Capital Markets unit of commercial real estate firm Newmark Knight Frank arranged the building purchase.

“1710 Automation is ideally located within proximity to some of the world’s most prominent technology companies,” said Najera, a vice chairman with the Capital Markets group.

Exeter Property paid $36.2 million for the building, which totals 197,000 square feet. Soma Capital Partners

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First Time Buyer? What You Need To Know Before Buying a House

Many people dream of buying a house for years—or even decades—before they actually begin the process. You may have considered how many bedrooms you want, what your neighborhood should be like, and what lawn gnome you’ll have in your front garden.

However, there’s more to a home purchase than picking your favorite listing and moving in.

It’s important to understand all the steps of buying a house, as well as what to look for when buying, what questions to ask, understand the hidden costs, and how to close on it.

There’s no doubt in the positive power of buying real estate if done properly. As the famous Will Rogers eloquently put it:

Don’t wait to buy real estate, buy real estate and wait.

But you don’t want to make any hasty decisions when buying a house, especially your first one. So let’s walk through the process with you to help

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Buyer of $10M historic Charleston home is having a furniture sale | Business

The new owners of the Sword Gate House are looking to put their a personal touch on the historic dwelling by clearing out some of the items that came with the downtown Charleston property.

Atlanta-based Hindman Auctions said last week it’s been hired by the as-yet-unidentified buyers to put the goods on the block at a virtual sale to kick off the work week, including Federal-style furniture and various decorative objects that filled some of the rooms at 32 Legare St.

The online sale is scheduled to start at 10 a.m. Monday.

None of the furniture being offered for sale is original to the South of Broad property, said Corbin Horn, Hindman’s senior specialist and director of furniture and decorative arts department.

“The other portions of the collection are decorative items that, like many of Sword Gate’s residents, lived for a time in an exceptional home on one of

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Real estate agents get creative with buyer incentives

In five years as a San Francisco real estate agent, Emily Beaven has never experienced such a dry spell. She has several condos on the market right now that she’s representing and she has no offers and zero showings scheduled for them.

She decided it was time to get creative.

“We’re not even getting calls on things. It’s a bit of a ghost town. Then I started to see the incentive trend happening, ” Beaven said. “When you’re not in a super-strong seller’s market, when properties need that extra boost, that’s when [incentives] happen. We’re entering a period of desperation.”

Incentives are designed to entice the buyer or the buyer’s agent to get a property sold as soon as possible. Pre-pandemic, a higher commission for the buyer’s agent was a common incentive, as were restaurant gift cards, but when Beaven saw roundtrip tickets to Paris advertised recently as an agent

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Wanted: Buyer for 125-apartment development near BSU campus

Boise developer Greg Ferney envisioned an apartment complex at the site of a former health club near the Boise State University campus.

His Storage Development company drew up plans for a four-story, triangular-shaped building with 125 apartments at 1250 S. Division Ave. Ferney modified his design to appease neighbors and won approval from the City of Boise.

Now he’s looking to sell the property and the development rights. But Ferney isn’t saying why.

Colliers International has issued a call for offers for the project at the site of the Park Center Health and Racquet club.

The offering lists a sale price of $4.5 million for the 2.9 acres of land and development rights. That equates to $36,000 per apartment, according to the listing. Offers are due by 5 p.m. on Sunday, Oct. 4.

The property is owned by Bay Shore Oil Company of Huntington Beach, California. An affiliated company, D.D.

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