New Pre-Construction Homes & Condos Fredericksburg VA

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New Pre-Construction Homes & Condos Fredericksburg VA

Is owning an investment property in Fredericksburg, Virginia profitable?
In order for the real estate market to improve, first and foremost there must be a healthy supply of homes available for purchase. This will happen through several different ways including but not limited to; 1. Decreasing foreclosures. Foreclosure activity tends to decrease during economic downturns. During 2007, foreclosure filings dropped nearly 60% in the US, while they rose almost 70% nationally in 2012. However, since 2013, this trend has reversed somewhat. 2. More homeowners selling existing homes. If the housing crisis was to end tomorrow, there would still remain many homeowners who could sell their current house to avoid paying mortgage payments. According to Zillow, homeowners sold 1.7 million homes nationwide in 2017 — up 7 percent from 2016. And, according to Redfin, sales volume increased 10.6%, which equates to $9 billion in total transactions across the country — a record high. However, these numbers aren’t just good news for buyers and sellers alike. They also indicate that many homeowners are finally getting back on track financially after years of financial hardship. 3. Increasing inventory levels. While homeownership remains attractive, it isn’t always necessary for every family to own a home. Many people prefer renting because they find it easier to move around than buying. As long as there is a steady demand for rental properties, they should continue to increase. 4. Rising incomes. According to Freddie Mac, average household income grew 4.1% over the past 12 months ending January 2018. 5. Increased population growth. Between 2000 and 2010, the U.S. Census Bureau estimated that the population grew from 281 million to 311 million, which represents approximately 2%. That translates to roughly 3.5 million new households being created each year. While some experts believe that new households and rising incomes might lead to higher interest rates and slower price appreciation, other factors like increasing inventory, improving credit quality and falling vacancy rates are making it increasingly possible to invest in the stock market today, especially if you live near a thriving economy. If you decide to buy a home in the next few decades, make sure to factor in the fact that prices might rise faster than inflation, so consider building equity early on. ...
New Home Fredericksburg Buying 101
In order to get a sense of value on your potential purchase, you should first understand your needs and wants. Do you live close enough to work but would still prefer to stay away from busy urban areas? Or perhaps an affordable community offers a good school district, a friendly atmosphere, and some great amenities like parks, walking trails, shopping centers, and other things like these? If this answers questions, then the next step will be finding something of interest in Missouri city and beyond. Once you find that ideal place, you'll probably want to consider whether buying privately or through real estate agents makes most financial sense for you at this moment. Either way, you'll eventually decide which type of house suits your lifestyle. But before jumping in headfirst, there's just a few details to cover... Doing Your Homework First One of the most common mistakes people make during the search for new homes happens after they've found a few places to check out, but before taking action, they don't take the extra minute necessary to really evaluate themselves against them. They go back and forth between houses without stopping to analyze why one particular property was better than another--or worse yet, they decide something isn't working because something else wasn't perfect. By doing a little digging beforehand, however, you could save yourself thousands of dollars while also finding the perfect fit. For example, if you're moving across town from San Francisco and have a long commute daily, you'd probably rather move closer to the office than farther down the road. Likewise, if you don't feel comfortable living near your employer, you'll probably be happier staying further away. But once you've decided to buy or sell a house in Missouri City, you should definitely put down roots somewhere. There's no point in spending months searching around with nothing concrete in front of you except hope for the best. So once you're ready to commit, it only stands to reason to spend less time researching properties that meet certain criteria instead of scouring every nook and cranny for a dream home. To help narrow things down, use sites like Zillow, Realtors.org, Trulia, Redfin, and Houzz to determine exactly what you want in a neighborhood. This information helps eliminate many options for you so you can focus on those that match up well. Another mistake people commonly make is failing to think about their finances before making big purchases. If you don't already own a car, you'll quickly learn how expensive renting cars can become; likewise, having kids changes your monthly bills drastically. These factors shouldn't stop you from being able to afford a new home though--just ensure that you're not going broke in the meantime. Before deciding to go ahead with a sale or purchase, you should always ask someone who knows you well and has experience in home sales or real estate transactions for a professional opinion regarding what is a fair offer. After talking numbers with them in person or over the phone, you'll be in a position to decide if you're actually willing to pay top dollar for what you see or if you're simply trying to negotiate the price down for personal purposes. Even if you aren't planning to resell soon, it's worth knowing the...
When buying a new home in Virginia follow these steps
Before you even get started talking to real estate agents or other local investors; you must first understand the current market conditions in order to be able to pick the most suitable property for yourself. By doing this will ensure you purchase the ideal buy for your situation instead of picking something substandard for convenience sake. Below are some key questions which should help you decide what type of property you would like better suited to you needs, rather than being forced towards a decision solely due to price and location. 1.) Do I already live near my desired area of town? If yes, then you needn’t concern yourselves further but if no; then go onto question 2. “Where am I interested in living” Isolate areas in which you would prefer to move to, ideally around 3-5 miles away, though it depends entirely upon individual circumstances. For example; if you want to stay closer proximity to work and schools, then you could consider moving somewhere within 5 miles of both. But if you only care about finding good school districts; then perhaps 15+ miles should suffice. As long as you aren’t choosing to remain far beyond city limits, distance shouldn’t matter too much for residential properties anyway. So just focus on things close enough to drive to without having to travel through traffic, pollution, high costs…etc. Once you have identified locations within reasonable distances which interest you, take note of them along with associated neighbourhoods as well as crime rate statistics in surrounding areas of each location. These numbers are generally available online through various government websites/sites, including ones devoted specifically toward keeping track of violent crimes and overall safety rates. 2.) Where exactly am I going to live? There are many aspects to choosing the correct place to reside aside from merely proximity to where you hope to work and study; however, this is still extremely critical, especially considering you won’t necessarily always wish to commute long distances to reach your job, school, family members, friends, etc. A large part of determining which neighbourhood to settle in will depend upon what sort of life style you desire for daily existence. Will you reside amongst busy roads, noisy crowds, heavy air conditioning bills, traffic jams? Or will you instead reside in quiet environments, surrounded by nature reserves, parks, lakes or forests, peaceful beaches, clean waters, scenic views? All this info combined together along with additional considerations such as cost of education/school systems, family support, entertainment options, quality healthcare facilities, shopping centres, restaurants, coffee shops and anything else relevant to everyday life. Don’t forget to evaluate lifestyle and financial priorities as well. Ideally, you ought to seek a balance between the above mentioned factors because although they may sound alike; they vary greatly depending upon your personal preferences. 3.) How’d you end up here?! After identifying a few potential places you feel suitably equipped for your needs; find out as much information regarding these locations as possible. Take note of things such as average sales prices, construction status, availability of homes in different sizes, types, layouts, floorplans, amenities, security system requirements, etc. This helps immensely with deciding whether investing in a place in particular is worth it or simply...
How to find Your New Fredericksburg Home or Condo
When searching for homes & condos for sale in Missouri city, TX, it pays to be patient and thorough. You will get better deals if you take the time to visit properties multiple times over a period of time, rather than going into every listing you see, making an offer and then leaving to go back to other listings you saw earlier that day. If you want the most bang for your buck, it's worth taking some extra time to make yourself feel comfortable with each property you're considering. The following tips will help ensure that you're able to spend less time driving around town and spending unnecessary amounts of cash on real estate commissions without sacrificing quality or experience. [VIDEO LINK] If you'd like to learn how to buy a house faster, watch this video! [START OF BLOGBACKER READING] 1st Video Link: https://youtu.be/2Q9H6X3c7hI 2nd Video Link: https://www.youtube.com/watch?v=_j0nxZfqZW4&feature=emb_logo 3rd Video Link: https://youtu.be/_zSzxYdRVwM&feature=emb_logo 4th Video Link: https://youtu.be/kKw8g5bPjJU&feature=embedded 5th Video Link:https://youtu.be/0y3CeN0mG5s 6th Video Link: https://youtu.be/ZWjE2l0F0Lk 7th Video Link: https://youtu.be/xuPjK5D0N8c 8th Video Link: https://youtu.be/-uZ0BZ5rXNo 9th Video Link: https://youtu.be/kKw8g5bPjJU&feature=emebedded 10th Video Link: https://youtu.be/_zSzxYdRVwM&feature=emebededed 11th Video Link: https://youtu.be/0y3CeN0mG5s 12th Video Link: https://youtu.be/kKw8g5bPjJU&featuered=embedded 13th Video Link: https://youtu.be/0y3CeN0mG5s 14th Video Link: https://youtu.be/kKw8g5bPjJU&featuered=emebedded 15th Video Link: https://youtu.be/0y3CeN0mG5s 16th Video Link: https://youtu.be/kKw8g5bPjJU&featuered=embedded 17th Video Link: https://www.youtube.com/user/homeadvisortx 18th Video Link: https://youtu.be/0y3CeN0mG5s 19th Video Link: https://youtu.be/k...
Why is Virginia's Real Estate Market Booming?
In 2019, real estate sales activity was strong across the U.S., but particularly in markets like St. Louis County where demand continued to be driven primarily by first-time buyers, according to Redfin’s Q2 report published this week. As a part of this growth story, realtor.com® found that Missouri City, TX saw $6 million worth of property transactions in April 2018 compared to $3.4 million in January of this year. These numbers indicate that the city’s housing market remains robust despite some short term dips in price appreciation due to supply restrictions. While many areas around the country experienced declines in housing prices in recent years, the average sale price per square foot rose by 4% nationally from 2016 through 2017, according to Trulia’s Q1 National Housing Report released earlier this summer. This increase indicates an overall positive sentiment among consumers regarding current conditions and expectations for housing prices going forward. While these trends are encouraging signs for local investors, they should serve as a reminder that while it may seem tempting to jump into the market today, waiting until after the next downturn is still probably a good choice. With interest rates near historic lows and mortgage lending standards loosening, buying now provides an excellent return on investments. However, with such favorable lending terms, it will take a long time before inventory levels begin catching up with rising buyer demand — especially considering that most homes will continue selling for well above asking prices for several months following listing. For example, a study conducted by Zillow Research revealed that nearly 90 percent of sellers will receive multiple offers during the prelisting period, which typically extends 30 days. By contrast, less than half of sellers received multiple bids on properties listed in March and early May. While it is possible for some sellers to secure a higher offer after receiving only initial interest, this scenario becomes increasingly rare once competition increases significantly. For those who decide to purchase sooner rather than later, now is the perfect time to consider a move to Missouri City because many communities around town are experiencing significant improvements that could provide the ideal environment for a family lifestyle today. While there are certainly other factors to consider beyond location, including commute times to work and schools, the quality of community services, and proximity to recreational options — the fact of the matter is, Missouri City residents enjoy a lower crime rate and better school districts relative to surrounding suburbs. According to the latest FBI Crime Statistics available via NeighborhoodScout®, the violent crimes reported in Missouri City in 2014 totaled 0.2 incidents per 1,000 people compared to 2.4 per 1,000 for nearby Houston, TX. Meanwhile, the number of students enrolled in the district rated “excellent” by the Texas Education Agency stood at 7.9 per 100 students versus 3.7 per 100 for neighboring Sugar Land, TX. In addition, the median household income level in Missouri City is approximately 50% higher than the state average ($72K vs. $40K). Finally, a closer look at employment statistics reveals that Missouri City ranks #2 among Harris County cities for job opportunities with the largest proportion of employed adults working full- or part-time jobs (62%) and the lowest unemployment rate (5.9...
New Construction Investment Opportunities in Fredericksburg Virginia
If you're considering investing in real estate then now's probably the perfect time. As interest rates remain near record lows while rents continue to rise across most parts of the country, investors are finding it easier than ever to get started. In other words, if you've got enough cash sitting around -- say, $25K to buy a property worth $100k -- you could be ahead of a lot of people just getting going. And this is true regardless of whether you decide to purchase a single unit like mine or dive headfirst into multiple properties in order to diversify risk. The good news is that you aren't necessarily required to spend hundreds or thousands of dollars to invest in real estate either. If you already own land and buildings that you'd consider renting, flipping them for quick profits once they appreciate isn't only possible but potentially lucrative... especially during market downturns. On top of that, buying a house in Houston is far cheaper than most assume--and depending how old the place you buy, your annual costs will range anywhere from 5%-15%. But perhaps the best part is that if you put down 10% to 20% equity and follow some common sense rules, you'll find yourself well on your way toward investing profitably. Here are 4 essential steps you can take today towards becoming a pro investor: 1.) Determine the type(s) of investments suited for you. There are many options available these days, including residential investment opportunities, commercial rental space, and even income producing retirement assets. Each offers unique benefits and risks, which is why the first step in choosing among different types of investment involves defining exactly who/what you are planning to invest for. For example, if you're interested in passive income streams such as dividend stocks, REITs, private placements, municipal bonds, annuities, mutual funds, exchange traded products, 401k rollovers, insurance policies, etc., those should almost certainly form the basis of your portfolio along with whatever else fits your objectives and lifestyle best. However, if you prefer active management and actively manage your real estate holdings, those would naturally become priorities instead. 2.) Pick a location suitable for your needs and desires. Once you settle on a geographic area that appeals to you, you can go through your financial documents and identify potential projects that fit your criteria. Depending on your age and circumstances, you could benefit greatly from building wealth sooner rather than later; therefore, making sure you're picking something that matches your current situation, timeline, lifestyle, and budget makes sense. 3.) Identify the type of project best fitting your needs and wants. One of my favorite things about having spent my entire professional career working in commercial development is seeing firsthand many aspects of the industry. While I was fortunate enough to learn under developers with decades of experience, I was able to pick their brains whenever necessary and ask questions of anyone willing to help me understand the inner workings behind each decision made. Having that foundation helps immensely when selecting suitable properties in various markets, particularly since it's always better to buy below replacement value than above it because prices tend to increase more quickly after renovation. 4.) Gather information on similar deals currently being offered for sale. After identifying a...
Examining Real Estate Market History in Virginia
In today's housing market, buyers are finding themselves locked in longer because they cannot afford the price tag. As this trend continues, it will cause homes that sell quickly become "underpriced" which could lead to lower prices down the road. However, there are ways to avoid getting caught in the trap of waiting too long to buy a house. Here are some tips from real estate experts to help you find the perfect place fast. If you're buying a preconstruction property, you should contact local builders who specialize in building high-end custom single family houses. These companies usually offer financing options for qualified buyers and often pay cash discounts to speed transactions along. Another way to reduce your search timeframe by several weeks is to visit properties listed via virtual tours instead of going through MLS listings. If you see something in person, however, it's still a good idea to view multiple comparable listings online first to determine whether you'd be willing to consider living in another part of town. And while you probably won't encounter many sellers offering incentives like $1000 credit toward closing costs when purchasing a preconstruction project, keep in mind these deals aren't uncommon during peak selling seasons like springtime. Another common tactic employed by savvy real estate investors is to use multiple methods to get inside top producing neighborhoods. For example, you might drive around the perimeter and take photographs of every potential listing, then spend half your weekend doing the same thing on foot. Then you'll go back to your car and zoom in on each picture, comparing notes on what makes them stand out among other surrounding areas. Finally, once you've narrowed it down enough to feel confident about visiting and viewing more specific properties, you can begin working the phone banks of agents representing those locations. By contacting multiple brokers simultaneously rather than trying to schedule individual meetings, you increase the likelihood that someone will bite and agree to show you the neighborhood without having to ask your entire portfolio of questions. When searching for a home in a popular area such as Houston, TX, it pays to shop around for different types of communities. Some neighborhoods boast great schools but lack amenities that people actually desire, while others contain tons of amenities yet fail to impress in terms of school quality. When shopping for your ideal community, try taking note of the following: School district and academic record -- While most parents care deeply about where kids attend school, a solid education isn't the only factor influencing which neighborhoods to live in. A few factors worth considering include safety, crime levels, proximity to friends/family members, quality of nearby parks, etc. If you're concerned about moving a child away from his existing peers, you may be able to arrange early admission arrangements for younger students, depending on the grade level involved. Also keep in mind that if an elementary school is rated above average but middle school ratings tend to lag behind, it may be wise to select a neighborhood close to higher performing secondary institutions. Proximity to transit hubs -- Depending on how far a commute you anticipate needing to travel daily, you'll either love or hate Houston's highly dense urban environment. There's no question about it--Houstonians are used to being surrounded by skyscrapers; however, the downside to living in densely populated cities is that...
Getting approved for your New Home Purchase in Fredericksburg, Virginia
Getting Approved For Your New Home Purchase in Texas is Easy When You Use These Tips! In this post I'm going to cover some quick tips and tricks that will help you get accepted fast. This includes information regarding financing options, down payment assistance programs, loan programs offered through lenders and other things related to getting preapproved for a mortgage in Frederickson. I am working with local banks and lending institutions who offer special deals like no broker fees or closing costs. So be sure check it out! There's lots of good stuff around these days. Here's Some Of My Top Recommendations And Advice On Purchasing A Home In Fredericksburg, VA... 1.) Find Out If You Qualify For Prequalification Or Fast Track Mortgage Programs First. Many times people jump straight to applying for a standard 30yr fixed rate without ever thinking about how they qualify first. 2.) Be Ready To Show Proof. Make sure to bring proof of employment, pay stubs, bank statements, credit reports, current rent checks & anything else you have that shows income/debit side by side to show stability and prove that you're able to afford monthly payments. 3.) Have Cash Available As Soon As Possible After Closing Day. Most lenders prefer that you put 20% or 10k towards closing cost and then pay another 5-10k after the fact. You should already have cash available as soon as possible after closing day because most banks won't release funds until 3 weeks after closing day. 4.) Consider Down Payment Assistance Options. Sometimes it can take several months just waiting on paperwork which makes sense since you've waited long enough to buy anyway but you still shouldn't delay buying because of something like that. There are various types of down payment assistance programs from Federal Housing Authority loans, VA loans, USDA loans, FHA 203k loans, etc.. Check them all out and see which ones fit you best! Also keep track of your interest rates so that you can apply when they go back down again once you find a program that you feel comfortable with. 5.) Ask About Different Loan Types During Your Search For Property. If you're considering a fixed rate mortgage that isn't tied to Freddie Mac indexing and you aren't ready to lock yourself into a 30yr term yet then you probably need to consider a variable rate mortgage instead. Variable mortgages tend to come with lower monthly costs than fixed rate mortgages and often allow homeowners to avoid higher rates during periods of high inflation. They may even offer better refinancing opportunities if you decide your situation changes later on. 6.) Don't Forget Credit Scores And Reports Before Applying. Lenders usually don't like applicants that don't have perfect scores on their credit history. But remember that you don't necessarily need 100+ points and they'll usually work with you. 7.) Keep Updating Your Credit Report Online At Experian Whenever Necessary. Most people don't realize you need to file certain documents every single month to make sure your score continues to increase! Lenders will pull your report for 90days each calendar quarter and you must update those documents accordingly. 8.) Always Review Everything Twice Before Completing An Agreement. It takes less than 2 hours to complete a real estate purchase agreement...
What makes Xondo Virginia's Most Convenient New Condo/Home Buying Platform?
XonDo offers some exciting benefits to homeowners interested in buying real estate. Here are just few of them: 1. Save Time & Money On Vacation When you buy property online through Xondo, you get the convenience of searching homes across hundreds of communities without having to ever leave Florida. When you find something you like, you simply book an appointment to visit it. At Xondo, finding and scheduling a showing is quick and hassle-free. We will contact you when your scheduled showings are available and take care of the rest. 2. Find Your Dream Home Without Leaving Home If you're tired of driving around town to various neighborhoods you've always wanted to see, why not spend your days relaxing while saving yourself thousands of dollars. Instead of wasting gas and hours waiting in lines at multiple open houses, Xondo enables visitors to search properties from anywhere they can connect to the Internet. 3. Buy Your First House Or Second One...Or Even Third One Buying your first house was once seen as a daunting task but thanks to technology today, it's easier than ever. Not only can you save valuable time, but you'll avoid costly mistakes like poor timing, bad location or lack of funds which could cost you tens of thousands of dollars down the line. And since Xono is a full service brokerage, we offer you everything under one roof including financing options, professional design consultation, mortgage counseling, title insurance and title searches, home inspections and many other services typically performed by separate companies in addition to the purchase transaction itself. 4. Sell Property Quickly For Top Dollar In most cases, sellers who use traditional methods end up losing money because buyers often ask to pay more than fair market value for houses. But if they sell quickly, they can earn extra cash on top of the sale price. If you decide to go this route, XonDo gives you a unique advantage over other selling platforms in that you won't be competing against dozens of potential bidders for each buyer request. Our proprietary algorithm matches buyers with listings and lets us help facilitate sales faster than anyone else. As a result, you can usually expect to receive several bids within minutes after submitting a listing. Once you accept or decline those bids, the seller then sets his own timeline for getting back to them. So if he accepts a bid, he's in control of when he wants to complete the deal versus us doing his bidding. He gets paid quickly and easily without paying commission fees, and buyers get great deals for houses that would otherwise sit unsold forever. 5. Avoid Unnecessary Costs Like Commissions XonDo does away with commissions and instead pays owners a flat fee every time someone buys a house through them. There's no limit on the amount of people who can buy a single property per day either. Plus you don't lose control over your profits. Unlike other brokers who charge a percentage of the total sale price, you keep 100% of whatever you generate as profit. 6. Receive A Free Custom Built Home Plan We understand that when you move to a different city, state, country or continent, you'd love nothing better than to start building a beautiful custom dream home. But what if there...
How Xondo makes Home Buying & New Construction Investing in Fredericksburg Easy?
XonDo helps you quickly search through thousands of properties across hundreds of cities for sale, making buying and selling homes quick, efficient, and painless. We help real estate agents find great deals, sellers get top dollar, buyers save big, and everyone wins. If you're ready to buy or sell a house, contact us today at 877-611-5656 [IMAGE: Logo] [BOTTOM_LINE: ] How does XonDo work? 1.) Find Homes. We make finding houses easier than ever. Search our database of over 100 million listings. Filter by price range, property type, neighborhood amenities and school district. And see realtor reviews and photos to determine which ones feel like “home sweet home” to you! 2.) Connect with Buyers. Use tools designed specifically for the way people actually use social networks, email, text messages and other online communication channels to connect with prospective buyers. Our technology allows you to send personalized offers and communicate directly with potential clients. 3.) Communicate with Sellers. Get your offer accepted faster than traditional methods because sellers receive multiple bids in less time. Plus, you'll never miss a beat again with XonDo's bid management tool, ensuring every seller gets the highest possible price without having to manage competing offers. 4.) Save Money and Time. XonDo gives you the ability to search thousands of available properties in minutes instead of days. And you won't be spending hours searching for the perfect property online anymore either thanks to our automated alerts that notify you whenever something changes on your favorite MLS® Listings or properties you've found. Why should I use Xondo? Because buying/selling a home shouldn’t be stressful—and neither should home investing. If you’re tired of getting lost in piles of paper, wasting countless phone calls, or waiting weeks just to close the deal, then XonDo is designed to take the worry out of buying and selling a home. And while you're busy doing whatever else you love, XonDo will handle everything else for you. From sending emails to managing bids, our team handles it all for you. So go ahead and relax—we got this. [CONTROLS: ] [BEGINNING OF CONTENT] [ENDING OF CONTENT] ...
How To Make Money On a New Home or Condo Purchases in Fredericksburg, Virginia
In order for a buyer to be able to purchase a home they must first qualify for financing. There are several steps involved in qualifying for a mortgage loan which include: getting pre-qualification approval; obtaining a credit score; providing income documentation; submitting documents required by lenders, among other things. Once qualified, buyers will then be presented with different options for financing including FHA loans, VA mortgages, conventional loans, government backed lending programs like USDA Loans, and private lender products as well as a wide range of interest rates available depending on the borrower profile and creditworthiness. The process of buying a house involves many aspects and steps which can take months to complete. However, once completed, homeowners often feel overwhelmed because they don't understand exactly what to expect during this whole process. The good news is that buying a property and owning a home can actually be fun! [IMAGES: Realtor image] To help simplify this confusing task and provide answers to some common questions, XONDO's experts compiled these tips: 1. Find Your Dream House Before starting the search for homes for sale online, it helps to narrow down your criteria and figure out what type of home suits your needs better. If you're interested in finding a single family residence, for example, it would probably be easier than trying to find something larger like townhouses or condos since they typically come in multiple units. Once you have figured out which style and size you prefer, use Zillow, Trulia, Realtor.ca and Redfin to get a general idea about the current market conditions for each area and price ranges. Then, use your real estate agent's network to connect with local agents who specialize in specific neighborhoods and properties. Finally, visit some of them yourself to see whether a particular place matches your expectations. 2. Determine Your Budget Once you've found the perfect spot, the next step is to determine how far you'd be willing to go for the house. While you should always aim to pay less than what the average person spends per square foot, there are times when going above your limit could be beneficial. For instance, if the neighborhood offers great schools or a community pool, then paying extra for those amenities can be worth it. On top of the financial considerations, consider the following factors to ensure you find a suitable place to live: commute distance, school district, crime rate and overall livability/accessibility. 3. Understand Financing Options Available to You After narrowing down your dream location and determining your budget, it's time to explore various financing methods. Depending upon your situation, you might qualify for either an adjustable rate mortgage or a fixed-rate mortgage that adjusts monthly payments. Adjustable-rate mortgages offer lower introductory APR (APR = Annual Percentage Rate), but they usually carry higher ongoing costs. Fixed-rate mortgages generally feature lower initial APRs than ARMs, but they may cost more overall due to increased closing fees. 4. Start Looking Online Now is the ideal time to begin researching houses for sale online. Use websites that specialize in helping people buy homes such as Zillow, Trulia, Realtors and RealtyHop. They'll help you locate homes that match...