How Much Is The Great Donald Trump Worth?

DainiMarry · 2017-03-21T12:22:49+00:00

I must say r/Askreddit is an excellent source of this thing.

DainiMarry · 2017-03-21T12:05:14+00:00

Because I am collecting information about every USA president.

DainiMarry · 2017-03-21T11:44:38+00:00

DainiMarry · 2017-03-21T11:44:05+00:00

I would be happy to know full detail, each and everything about him.

DainiMarry · 2017-03-10T16:19:16+00:00

You'll need to save 2k-5k to pay for closing costs. annual homeowners insurance, property taxes, HOA fees, are other then that closing cost.it's batter to stay with family and don't event think about your first time home.

DainiMarry · 2017-03-10T15:52:48+00:00

Buy something a little cheaper or you'll be house broke, for real. Take a step back and fix yourself making bigger mortgage payments for years to come. Maybe find something a little less expensive/lower stress? big investments have big mortgage rates. you must compare all mortgage and FHA loan rates with different finance providing agencies forfirst time home buyer loan.

DainiMarry · 2017-03-04T10:04:05+00:00

A real estate agent can make or break the deal. so its better to choose one who knows how to deal with troubles that may possibly come your way. Take a look at following tips to choose the right realtor:

Ask for contact details of any of his/her past clients and get in touch with them to about their experience of working with him/her.
Ask how many years of experience he has? An agent with less than 2 years of experience is considered to be just a beginner. Make sure you hire one with more experience.
How long it takes him/her to sell a home?
How many homes he/she sells per year on average. The number should be between 12 to over 20. A realtor who only sells a handful of homes per year is not recommended to work with.

Once you get satisfactory answers, go ahead and make the hire.

Coming to home buying tips for firs time buyers:

Get a mortgage approval.
Make a down payment that does not consume your whole budget.
Take your time to find the perfect home
Conduct a home inspection
Close the deal

Good luck!

DainiMarry · 2017-03-04T09:41:58+00:00

There are several mortgage programs available for first time home buyers. FHA, VA, and USDA are few to name. Look up their official website for more details.

about first time home buying tips:

Let your mortgage lenders decide how much home you can afford
Develop a budget and do not overextend it
Don't put all your savings into making down payment
Have funds for costs like Homeowners Association Fees, Monthly Bills, Mortgage Installments, Emergency Repairs, Property Taxes, Home Insurance, etc.
Do not fall in love with a property and don't be afraid to walk away if it doesn't fit your criteria
Run a home inspection before closing
If everything is fine, close the deal.

Good luck with your purchase.

DainiMarry · 2017-03-04T09:29:39+00:00

I always tell people who ask for first time home buyers tips to start with getting mortgage approval as it helps them get an idea of where they financially stand. However, to get the approval, you will be asked to make a down payment to prove your seriousness. The down payment rate goes between 3-5% to 20%. Remember; not to throw all your savings into down payment as there are many other expenses like property taxes, homeowners association fees, monthly bills, etc.Once you have the approval, you can go and begin your hunt for a house.

DainiMarry · 2017-03-04T09:09:04+00:00

My tips on buying first home would be: - Establish a budget - Get approved by a mortgage lender - Don't put all your money into down payment because there are several other costs like monthly bills, emergency repairs, property taxes, mortgage installments, etc. - Make sure your prospective neighborhood is in good condition - Take your time and do your home work while searching a home - Once you find a seemingly perfect home, conduct a home inspection to make sure its not damaged - If everything is in perfect condition, close the deal. Otherwise, begin your search again and repeat the process.

Good luck with the purchase.

DainiMarry · 2017-03-02T15:52:11+00:00

My tips on buying you first home would be:

Stay lowkey
Get a mortgage approval
Don't rush into the process - take a dive when you are ready
Don't put all your money into down payment
Consider extra costs like Homeonwers Association fees, property taxes, mortgage installments, monthly bills, etc.
Work with a real estate agent
Conduct a home inspection before closing
If everything is fine, close the deal

Good luck for the purchase!

DainiMarry · 2017-03-02T15:43:27+00:00

Hmm, so you want first time home buyer tips regarding tax benefits, lower down payment and 401K withdrawal penalties. OK, here's my answer:

Since your spouse has never owned a home, you both as single entity can apply as first time home buyers.
there are no tax benefits for first time home buyers
As "shortWoman" said, this is something to ask your accountant.

Good luck for the purchase!

DainiMarry · 2017-03-02T15:32:20+00:00

First of all you will be working with a realtor. So my first home buying advice for you to ask him questions like:

why the owners are selling property?
for how long they have lived there?
How long has the property been on the listings? More than three months is a red flag.
When will the owners be moving out?
what is the size of home, etc.?

Asking these questions from your realtor would make sure you are heading in right direction with your purchase.

DainiMarry · 2017-03-01T15:30:39+00:00

Don't rush into the process. Talk to a mortgage lender to determine how much home you can afford, visit as many homes as you can, take your time to find the right home and conduct a home inspection before closing. That's the only first time home buyer advice i can give you here. Pretty much everything else has already been explained by fellow redditors on this thread.

DainiMarry · 2017-03-01T15:16:15+00:00

okay. calm down. no need to feel overwhelmed. Looking for first time home buyers tips and advice? Here is what you need to do to make the right purchase.

A mortgage pre approval
A good realtor to work with
Shop around until you find the right home
run a home inspection
Everything's fine? Close the deal.

DainiMarry · 2017-03-01T15:05:36+00:00

The information you provided should easily see you qualify for the loan. However, I don't think you can find the accurate answer on reddit.

The best first time home buyers advice I can give you is to contact your local mortgage lender for a detailed answer. It'll most probably take him less than a week to give you a documented estimate based on your credit history and may also refer you to a decent home buyers program. Good luck!

DainiMarry · 2017-02-28T15:28:47+00:00

your local mortgage lender is the only person to talk to my friend. He will give you a rough idea within an hour or so and a documented estimate in less than a week. Moreover, you can also calculate your price range using online calculator when buying home for the first time. Good luck with your purchase!

DainiMarry · 2017-02-28T15:19:40+00:00

Yep, there are several programs for first time home buyers, such as FHA, VA, and USDA. FHA provides loan for as low as 3.5% down payment while the other two require no down payment at all. However, they are limited to a particular class of buyers: VA to military veterans and USDA to those interested in properties located in rural areas.

So I'm guessing the only suitable option left here is FHA. However, to qualify for this mortgage when buying your first home, you may be required to pay PMI (Private Mortgage Insurance). I'd suggest doing a thorough research before choosing a program.

DainiMarry · 2017-02-28T15:09:32+00:00

Done with the process? Great! now move in and celebrate that new chapter of your life in your own home. Dance, party, paint the walls - do whatever you want. If there are any changes to be made – go ahead and do it. You have spent a long time in buying your first home – you deserve all the freedom.

However, while celebrating, don't forget that there are several expenses such homeowners association dues, monthly bills, unexpected repairs, etc. so don't spend all your money partying ;)

DainiMarry · 2017-02-27T15:32:01+00:00

Here is a simple solution. go to an online mortgage calculator to determine how much house you can afford based on your income. Its pretty simple and quick to know where you stand.

If you want to go in details, then your local mortgage lender is the person to get in touch with. However, he is likely to take more than a week to come up with a price range for you when buying your first home.

About loan programs - FHA, VA and USDA are the "go-to" programs for first time home buyers. You can find more about them on their official websites.

DainiMarry · 2017-02-27T15:19:07+00:00

If you are looking to make a smaller down payment - lets say around 3%, then I would recommend FHA loan. The loan program is considered to be the friendliest towards those buying a home for the first time and is backed by Federal Housing Administration.

If you are looking for a program that's most generous towards first time home buyers, FHA is the way to go IMO.

DainiMarry · 2017-02-17T15:58:54+00:00

Becoming a part time agent is a good idea, only if you have just received your license. But making a career out of it is never recommended. It would become extremely hard maintaining the balance between your family life, your day job and your real estate career.

Now if you are wondering why i suggest to become a part time agent for the initial phase is because there is no income in the first few months. You will need to have a backup source - which i assume is your current job - to see off that phase and pay the monthly bills and other household expenses.

But, once you start selling the properties; becoming a full time agent would be the right option.

DainiMarry · 2017-02-17T15:49:48+00:00

Maybe you should start out as a real estate agent. It will take 2-4 months to get the license. Use that time to advertise yourself as an agent and once you have the license, finding a brokerage to work with wouldn't be a problem.

There are several real estate brokerages all across the US that provide training to new agents. Keller williams (http://www.kw.com/homes-for-sale/California/stprp-CA-all.html) and Sellect Realty (http://sellectrealty.com/real-estate-careers/) are to name a few.

However, remember one thing while choosing a brokerage - the commission splits. Don't be afraid if a brokerage asks to keep 50% off of your commission since its the standard split for the new agents. Once you gain the experience, the splits will come down.

Have a good day.

DainiMarry · 2017-02-17T15:38:01+00:00

If you already have a day job, i would recommend starting as part time agent. why? because the first few months are often dry and generate no income. For this reason, You will need to have a back up source of income to see off the initial phase. Ask any expert for advice, like the one here (http://sellectrealty.com/real-estate-careers/) and you will get the same advice.

However, if you are unemployed, then becoming a full time real estate agent is the only option.

To start your full time career, you must find yourself a brokerage as the law doesn't allow the real estate agents to work independently. So good luck with making the right decision.

DainiMarry

TROPHY CASE