Repeat Buyer

Buying your second (or even fifth) home can be a lot different than buying your first house. Your needs may change or you may be looking for an investment property. Use our guides to buying a new home that fits your specific criteria, and discover the enjoyment of customizing your home search and purchase process.

Found 11 blog entries about Repeat Buyer.

Advantages of Buying a Home in Spring

In the spring, as the green buds begin sprouting to liven up the fading winter landscape, so do new homes on the housing market. With spring comes an explosion of new listings as well as the clear, mild weather that motivates us to break out of the winter doldrums and get out there to search for our perfect homes.

Here are some advantages to buying a home in spring:

More inventory in the housing market during Spring

In the winter months, inventory can drop because many people don’t want to deal with a move during the busy holiday season.So, when winter ends, all those homes return and the once barren market springs back to life. There are deals to be found in winter for sure, but spring is the season to buy if you want to have a lot of

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How much of a down payment do I really need to buy a home?

A down payment of 20% or more has been the ideal amount to put down on a home for quite some time. It is a robust number that shows financial stability and puts a home buyer in an excellent position for loan approval, affordable monthly payments and immediate equity accrual. If you don’t have 20% to put down, which is far more than most of us can comfortably put down, your dream of home ownership is not over – far from it. 20% is ideal, but not the norm. The average home price in Maryland is $250,000 and 20% of that number is 50,000. Who has that?

So, how much of a down payment do you really need to buy a new home?

Home Down Payment of 3.5 Percent

If you choose an FHA loan, you could give a down payment as low as 3.5%. FHA loans are

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Can you afford to purchase your luxury retirement home today?

If you are retiring, you probably own a home and are about to finally see the fruits of the 401k you’ve been diligently nurturing for decades. So, you will likely have plenty of money to put towards the luxury home of your dreams and live the retired life in style and comfort. While it seems like you are going to afford it easily, retirement can be a long time, and there are important factors that will play into whether or not you can afford a luxury home in the long run.

Negotiating a Mortgage for your Luxury Retirement Home

30-year mortgagesare the most popular because they carry the lowest monthly payment. However, retirees should look to the 15-year loan. A lot can happen in 30 years, and as we age, we tend to have increased expenses

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What are the most important factors when purchasing a home?

Purchasing a home is likely to be one of the largest and most exhilarating decisions both financially and emotionally that you will ever make in your lifetime. It’s easy to get caught up in the excitement of house hunting. Our minds wander with the endless possibilities of how to make the homes our own. However, a home is still a financial decision with a serious impact on your future. So, how do we know the investment will be a fruitful one? There are no guarantees with homes. However, we can take certain factors into consideration to ensure we are putting ourselves in the best position.

Here are some of the most important questions to consider when purchasing a home:

Can you afford a new home?

When you buy a home, it isn’t just about

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Is a New Home the Perfect Holiday Gift?

Forget Black Friday, Cyber Monday, and the last-minute scramble for the right gifts for each member of your family; the perfect gift for the entire family could be right down the street. What’s that gift, you ask? Well, it could just be your new home.

Over time, we’ve all accumulated more and more holiday bric-a-brac that is hard to throw away due to the sentimental value it holds. However, all the accumulated wreaths, strings of lights, candy bowls, festive candles, mini winter villages, light-up statuettes, holiday trees and more can make the house seem a bit smaller and more cramped each year. Holiday decorating, while helping to enhance the warm feelings and nostalgia of the season, can make it apparent that your family may have outgrown

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Meet Our Agent: Rhonda O’Guinn

Choosing only the most experienced and hardworking agents to represent the Creig Northrop Team is one of the ways we earned our recognition as the #1 Real Estate Team in Maryland*. We want agents with excitement and enthusiasm about the industry and who believe in our vision of being the best real estate agency in not just Maryland, but in the entire industry.

Meet full-time sales agent Rhonda O’Guinn, REALTOR®, ABR®, CNE.Rhondahas been a real estate agent since 2007 and served as River Hill Covenant Advisor for the Columbia Association for two years. Her reputation as a dedicated, knowledgeable real estate agent has led her to be featured on the HGTV Network and in Electronic House magazine. She is an active member of her church, holds a Bachelor’s

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Top 10 Tips on How to Select your Second Home Successfully

Once you’ve reached a level of financial comfort, you may want to expand your real estate portfolio and venture into the market for a second home.  Homes are an outstanding investment, especially in the current market where home prices are climbing and interest rates remain low. Whether you plan to use your second home as your vacation get-away or as a rented property for an extra source of income, here are some tips to help you choose your property successfully.

1. Use a local real estate agent

Rather than buying on a whim or relying on a quick visit to determine if an area is right for you, consult a local real estate agent. Nobody will know the nuances of your desired area better and their expertise will ensure your current and future

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Should you buy a bigger home for your growing family?

“Congratulations! It’s a …” whether it’s a boy a girl, one thing is for certain – your family just got a little bigger, which means your apartment or home just got a lot smaller, especially if this isn’t your first child. When the joy of a new addition settles down, you may consider upgrading to a larger home to better accommodate your growing family.

If you’re ready to upgrade to a new home that better fits your growing family, be sure you:

Choose a neighborhood that is safe for kids.

First, check the safety of the neighborhood that you’re looking for your next home. Trulia.com a great tool which overlays crime information directly onto the map of any neighborhood. You can visit Neighborhood Scout or Family Watchdog for more

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Multi-Generational Homes are the New Norm

The last time this many Americans were living in multi-generational homes (or homes with multiple generations living under the same roof), most television shows were still black and white. At its lowest point in 1980, a little more than 12% of Americans lived in a multi-generational home. Since 1980, that number has steadily risen to more than 18% today. And even more staggering is that the number of individuals living in a multi-generational home since 1980 has nearly doubled from around 30 million to almost 60 million with the most dramatic spike coming post-recession from 2010 to now.

What are some of the reasons for this jump? As would make sense after a recession, most reasons are economic, but some are rooted in changes in American

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Investing in the real estate market right now: Smart or Genius?

More than half a decade has passed since the housing crash in 2008, and curious homeowners and renters are ready to explore the market again. For homeowners who were unable to move because their houses lost value, or potential new home buyers who opted to rent rather than commit to an unstable market, we have good news – it’s an outstanding time to buy. We are in the midst of a mini housing boom! Right now interest rates remain low and the value of homes in many regions across the U.S. are headed to pre-2008 levels and higher. If you wait you could miss out.

Should you buy or rent your next home? 

The first question that usually comes up in conversations about buying in the current real estate market is: Do I want to buy now or just rent

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