Home Buying Blogs—New Jersey

Home buying advice for New Jersey residents by the Dekanski Home Selling Team with RE/MAX.

Found 13 blog entries about Home Buying Blogs—New Jersey.

Everything Buyers Need to Know About Purchasing New Construction HomesInstead of buying a preowned Menlo Park Terrace property, homebuyers can elect to purchase a new construction home. These homes are either recently built or will be soon, giving buyers customization options and the experience of owning a home from new. The purchase process is a little bit different when buying new construction, so it helps for homeowners to have a little knowledge going into this journey. They can get started by using these five tips to help homeowners navigate buying a new construction home.

Determine the Ideal Customization Level

New construction homes come in a variety of customization levels to suit the buyers' preferences. If homebuyers want a relatively speedy purchase, they will need to go with a new construction property

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How to Understand PMIThere are many terms and words that are used by real estate agents and mortgage brokers when buying a home. One of those terms that is used when getting a mortgage is "PMI". PMI stands for Private Mortgage Insurance, a type of insurance policy a lender takes out in case the borrower defaults on the loan for any reason. There are a few things to note about PMI for those getting ready to buy a home. Keep this guide in mind before settling on a loan.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

A Necessary Cost

PMI is typically required for homebuyers who can't put down at least 20% of a down payment on their home. Because home inflation has risen

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What You Should Know About Taxes When Buying a Vacation HomeBuying a vacation home can be a wonderful time in any homeowner's life, though it is different than buying a home for the first time. It's more than a sign of financial stability, it's an opportunity to live a different lifestyle for a few weeks (or months) of the year. It's a chance to rent out the home and receive a sizable second income from the investment. Before hunting for that perfect property though, it helps to understand the tax implications of a new home, and how finances will be affected before April 15 of next year.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Changing News

The tax implications of buying a vacation home largely depend on where

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Why You Should Buy a Home WarrantyAfter buying new home, new home owners may discover that they’re getting mail from companies trying to sell them a home warranty. Like a warranty for a cell phone protects it in case the screen breaks or it stops working, a home warranty protects a home’s appliances in case they stop working. With a home warranty, homeowners can call their provider who will arrange for someone to come out and fix the problem with as little fuss as possible. Here are some of the different reasons homeowners may want to purchase a home warranty and what it means for them.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. The Homeowner Wants Peace of Mind

When

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Why You Should Downsize Your Next HomeIt’s common for home buyers to think that they should have a large home in order to be happy with it or because it’s what everyone wants, but this completely untrue. While some people need large houses for their families or because they have a lot of possessions, smaller homes are actually becoming more and more popular as time goes by. While small homes may not have the space that large homes do, they offer a lot of advantages that large homes miss out on. Here are some of the reasons buyers should try looking at downsizing when looking for their next home.

1. Smaller Homes Have Smaller Price Tags

Everyone loves the feeling of saving money, and there’s just no denying that big homes are expensive. Home buyers who want a home that doesn’t

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What To Know About Owning a CondoThere are a lot of different advantages to living in a condominium that attract potential first time home buyers and convince them to look into purchasing their own. While there are many great things that come with condo living, buyers should always look into all aspects before diving in. There’s more to owning a condo than just access to amenities that homeowners need to take account of. Here are some of the things that homeowners need to know about condos before buying one.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Condos Come With Amenities

This is a big selling point for condos, and some condo owners purchased theirs specifically for

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Renter to Buyer: Information for New Home BuyersThe transition from renter to buyer is often a difficult one. Many first-time homeowners have no idea what to expect when they set out to buy a house. Being prepared for homeownership can make the experience more enjoyable and exciting. If you're a renter who will soon be buying your first home, these tips can help.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Create a Budget

Home ownership can be expensive. The first thing that a renter must do to prepare for homeownership is to determine whether or not there is room in their budget to own a house. Some common expenses that homeowners must fit in their budget include:

  • Mortgage. In some
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How to Buy a Home with a 203k LoanHome buyers have many options available to them when they want to purchase a property. When a home buyer tries to purchase a property that needs to be renovated, the buyer's loan options become somewhat limited. Understanding the 203k loan and how it can help purchase a property that needs to be renovated is important. Here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is a 203k Loan?

A 203k loan is an FHA backed loan that allows the home buyer to borrow money for the purchase and renovation of the home. 203k loans are different from standard FHA loans because standard FHA loans require the home to be in move-in ready

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All About VA Loans and Different Types of MortgagesVeterans Affairs (VA) loans are a popular mortgage among active and veteran members of the United States Armed Forces. It is one type of mortgage among many available to home buyers. However, what many people don’t realize when initially researching VA loans is that there are multiple different types of VA loans that can help different types of home buyers. Here is an explanation of the different types of VA loans, what they do, and who benefits from using them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Purchase Loans

The main loan that most people think of when people think of when they hear “VA loan.” Purchase loans are the most general and

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FHA Loans: What You Should KnowWhen buying a South Plainfield new home, buyers have a lot of options when it comes to choosing the mortgage that’s right for them. One of the loans they may consider is the Federal Housing Administration loan, or just FHA loan. FHA loans are widely used by first-time home buyers as well as veteran home buyers, but what makes them so appealing? Here is everything home buyers should know about FHA loans to make an informed decision about if it’s right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is an FHA Loan?

FHA loans are one of the different types of mortgage sponsored by the United States government, like VA loans and USDA loans.

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