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10 Mistakes First-Time Home Buyers Make

first-time home buyer

After years of saving money and building up your credit, you are finally ready to become a homeowner. However, for first-time home buyers, the entire process leading up to the purchase can be exciting and intimidating. Notably, it is a process that can also be tricky to navigate for new buyers.

In this article, we will discuss ten common mistakes that first-time home buyers tend to make. Keep them in mind while you are going through the process of purchasing your first home and save yourself from potential headaches.

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Should You Get a 40-Year Mortgage?

40-year mortgage

You must explore all of your options before signing your mortgage. While conducting your due diligence, you may hear about a 40-year mortgage and wonder if that kind of loan makes sense for your situation.

Mortgages are major commitments. Knowing what you are getting into before signing any loan agreement’s dotted line is best. In this article, we will focus specifically on 40-year mortgages. Take this opportunity to learn more about those home loans and see if they present the best value proposition.

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How Many Mortgages Can You Have?

mortgage signing

Investing in real estate properties can be profitable, but how many mortgages can you have? You may think that your dream of becoming a real estate mogul is impossible to achieve precisely because of that question. However, it may surprise you to learn that you can hold more than a few mortgages at any time.

In this article, we will go in-depth on the topic of holding multiple mortgages. We will discuss how many mortgages you can have at any one time and how you can secure funding for them. Take the next step toward becoming a real estate mogul by continuing with the rest of this article.

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When Is a Good Time to Refinance Your Home?

refinance your home

Is it time for you to refinance your home? The thought may have entered your mind recently, and now you are constantly pondering it. Of course, a potentially better deal is out there, but is it worth chasing?

Refinancing your mortgage is not a decision you can make on a whim. There are several factors you must consider before pushing forward with the move.

Take this opportunity to learn more about mortgage refinancing. Understand why people refinance and how to recognize the right time to do it. We will also discuss the process of refinancing so you can get started on that if you so desire.

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The Perils of For Sale by Owner (FSBO)

for sale by owner sign

There is a property in your preferred Rhode Island neighborhood that you like. It truly feels like this could be your new home, but a closer look reveals that it is a for sale by owner (FSBO) property.

Should you purchase that FSBO property, or would it be better to look elsewhere?

In this article, we will discuss why it matters if a property is listed as for sale by owner. We will also highlight the perils of trying to buy that kind of property. Stay tuned so you can determine what course of action you must take.

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What Is Dual Agency in Real Estate?

dual agency

Rhode Island is full of enticing real estate properties. While searching for an ideal property to purchase, you may encounter a realtor who proposes to partner with you while maintaining dual agency.

Dual agency is not a widely known concept to most people. Even if you have bought and sold a few properties over the years, there is a good chance you have never worked with a dual agent before.

Is working with a dual agent a good idea? Can you expect them to look after your best interests? By continuing with the rest of this article, learn the answers to those important questions and other relevant topics.

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Can You Sell a House with a Lien on It?

lien on house

Can you sell a house with a lien on it? That question may currently be bouncing around your head as you are trying to work out what you want to do with your Rhode Island property.

Selling your home is already a  complicated endeavor. It only becomes more difficult when you need to consider a lien.

Allow us to lend a helping hand.

In this article, we will explain how a lien can affect your home-selling plans. We will also highlight some things you can do to make this situation easier to manage.

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Can Siblings Force the Sale of Inherited Property?

inherited property

Following the passing of your parents, you may find yourself in possession of a new property. The inherited property may be one that you share with your siblings. Things can get complicated in those scenarios because you and your siblings may have different ideas for the property.

One of you may consider moving into the home your parents left behind. Another may have their heart set on selling the home. It is difficult to discern how things will go, but it is clear that not everyone is on the same page.

So, what can you do in that scenario? Is forcing a sale an option if you want to go in that direction? Find out the answers to those questions by continuing with the rest of this article.
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Reduce Home Buying Stress by Working with a Top Agent

home buying stress

Buying a home is one of the most important tasks you will ever undertake in your life. That is a big part of why the home buying stress is real for many shoppers.

It is easy to get overwhelmed by that stress. Before long, you may start thinking about dropping the whole thing because the stress has become unbearable. We understand how challenging the process can be but do not give up on home buying yet.

Let’s talk more about home buying stress in this article. After that, we will offer some suggestions you can use to combat home buying stress effectively. Prepare yourself better for your foray into the real estate market by reading on.

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What You Need to Know About Buying a House with Solar Panels

solar panels on a house

Is buying a house with solar panels a smart move on your part? That question has likely been rattling around in your head throughout the home buying process.

We all know that increasing our usage of renewable energy is good for the planet long-term. So, does that automatically mean that we should value homes equipped with solar panels more highly? Is purchasing that kind of home the right move for you?

Come up with your own answers to those important questions by continuing with the rest of this article. Use the information we have compiled here to make your home buying decision easier.

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