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Found 2 blog entries tagged as "homebuyer".

The idea of saving enough money to buy your own home can seem daunting. A downpayment for a home needs to be at least 3-5 percent of the purchase price, which even for a $100,000 home is $3,000 to $5,000 you’ll need up front. 

So, how do you save that kind of money? We have some money saving tips and tricks to help you be more frugal and save money fast.

1. Come up with a time frame

Decide when you want to buy a home. If your goal is to buy a home next year, that gives you 12 months to save up for your downpayment. If you want to put 5% down on a $150,000 home and start saving now, you know you need to put back $625 a month to make it happen! Now that you’ve broken it down like that, it doesn’t seem as scary right? 

2. Set up a separate…

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Your offer might have been accepted, but don’t clink your champagne glasses just yet! It’s exciting to become a home owner, but every house will have it’s issues. 

The prospect may seem daunting at first, but a home inspection is a necessary evil to make sure you know all of the home’s problems up front. You may even be able to negotiate that the seller cover the cost of some of the repairs. 

Here’s everything you need to know about home inspections:

  1. Here’s what home inspectors cover:

A home inspector will look through a house with a fine-toothed comb to point out any issues there might be. Some of the things they check include:

  • Indoor electrical systems
  • Heating and cooling systems
  • Leaky plumbing
  • Structural…
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