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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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You were there for us every step of the way! "We could not have been happier with your services and our decision to choose you as our realtors." Andrew & Lindsay Wirsul, Upper Gwynedd Read Quote > View All Quotes >
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The Ron and Carol Young Team are
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Buying Your First Home? Real Estate Agents Are Your Professional Guides. Make Sure You Choose Top Experts. 
We still remember buying our first home: The strong desire to own something of our own, wondering how much we could afford, the search for just the right place, the intimidating mound of paperwork – and the help of a great agent who was patient with us every step of the way.
Please read our eBook Only 8 Steps To Home
Closing on your first home will be one of the most important moments of your life, and we want your memories to be great ones. As top Gwynedd, Springfield Township and Upper Dublin Township real estate experts, it's our job to guide you, from beginning to end. We will take the time to go through each and every step of the buying process with you.
Chances are you’ve already started eying a few properties. Good – you’ve instinctively honed in on an important step – shop around. Especially in times of a buyer’s market, you have more inventory to choose from and the breathing space to consider what features are most important to you. We can tell you about many listings which may not be listed on the MLS, that could be within your reach. Bring your digital camera and a notebook, and record things that stand out about the homes and neighborhoods we show you. That way you’ll recall which ones are of serious interest.
We have excellent relationships with local lenders who can help you assess just how much house you can afford. For a conventional loan, a first-time buyer with a steady job and good credit can put down as little as 3%. However, the more money you can offer for a down payment, the more options you will have. Fannie Mae's "start-up mortgages", for instance, allow borrowers who can afford a 5% down payment to qualify for a loan on a smaller salary than with a 3% down payment. (Click on Fannie Mae's website for a list of approved lenders.)
There is plenty of help for first-time buyers, including a growing assortment of financing options making it possible to find mortgages for 100% of a home's value, and useful sites on the internet that answer many questions. Here are just a few helpful sites:
Fannie Mae
Freddie Mac
Preparing for Home Ownership
Please Read Our EBook: Only 8 Steps To Home
Ask us all of your questions, great or small – there are no dumb questions when you are making the biggest investment of your life!
Together, we will consider:
- How much can you really afford?
- How to qualify for a mortgage.
- How much cash you should put down.
- How to buy a home with little or nothing down.
- What it takes to get approved for financing. What banks and other financial institutions are looking for.
- How much your payments will be.
- The tax advantages of buying.
- Is renting or buying better for you?
We specialize in helping the First Time Homebuyer through the often daunting process of considering and purchasing a home.
Tell us a bit about your situation below. We'll get right back to you. There is absolutely no charge, and we offer this to you with no strings attached.
 New to the home buying process? Tell us your concerns. Ask us questions. It's our job to help! There's no obligation, and we promise to get back to you quickly... 
Working With An Agent >Tell Your Agent
Good communication will enable you to get the best service from the real estate agent who is helping you to buy or sell a home. If you have any concerns, make them known not just to your spouse, your mother and your co-workers, but to the person who can do something about it--your agent!
Real estate sales are extremely complex transactions which involve negotiating large sums of money and turning over the largest single asset most individuals will ever own. Since the possibilities for misunderstandings are great, professional real estate agents work hard to ensure that the transaction will go smoothly. This requires clear communication between the buyers and the sellers and other agents.
Most of the breakdowns in real estate transactions result from vague or inadequate communication prior to the signing of the contract. Express any concerns that you may have and ask about anything you don't understand--the only foolish question is the one that isn't asked!
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| Q |
Who is "Fannie Mae" and why is she a big name in real estate?
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| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
See More Real Estate Trivia > |
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 This
information has been reprinted from the Economic and Market Watch Report with
permission from TREND.
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All rights reserved. All information deemed reliable but not guaranteed.
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