6 Things You’ll Love—and Hate—About Buying a Home This Spring

Welcome to the best—and worst—time to buy a home: spring! Yes, it’s peak home-buying season. However, it’s no bed of roses.

Knowing what to expect is half the battle, and can help you use these highs and lows to your advantage!

So consider this an essential prep course. Ready to dive into the best of times and the worst of times for home buying?

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Buying a Home? 7 Unsettling Emotions You’ll Feel Before the Deal Is Done

Buying a home may be a financial transaction, but it’s a highly emotional one, too. And while there are highs—like the moments you know you’ve found The One or you get the keys to your new home—you may also go through periods of high anxiety or hopelessness before you close the deal.

Ask any homeowner about their experiences buying a home, and you’ll hear a similar refrain: Purchasing property is utterly nerve-racking. With so many moving pieces, buying a home can feel like a high-stakes juggling act—only you don’t have time to practice.

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Should You Buy a New Home Before Selling Yours?

For many, it’s an enviable situation: You own a house and have the ability to buy a new home before selling your current place.

But even if you have the cash — or can qualify for a second mortgage — you’ll want to consider a few pros and cons before making the offer. One big consideration: In a seller’s market where houses are going for (or even above) list price, making an offer that’s contingent on the sale of your current home can make it difficult to compete against first-time buyers.

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Eek! 5 Scary Things That Could Be Hiding in That Home You Want to Buy

No matter how dreamy a home looks cracked-foundation-1a249b3a11567510VgnVCM100000d7c1a8c0____at first glance, lurking behind those neatly painted walls could be some truly terrifying things. We’re not talking about ghosts or bats, but things like small cracks in the ceiling, tiny holes in the drywall, or a musty odor in the basement—seemingly minor issues that should make you very, very afraid.

Rest assured, we’re not trying to scare you from buying a home altogether! We simply want to provide you with a list of red flags to watch out for, because they could cause health problems or cost major money to fix. All in all, they are headaches that you’ll want to avoid—or, at least, point out to the sellers so you can negotiate down that list price. So if you find any of these problems, make sure to proceed with caution.

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How to Get a Mortgage With No Credit

Trying to buy a home with bad credit is hard. 635699433608611976-credit-score_2513595_ver1.0But what about trying to buy a home with no credit at all?

There’s a name for these people: “credit invisibles.” It means they don’t have a credit report or score on file with the three major credit bureaus (Equifax, Experian, and TransUnion), usually because they don’t have a traditional credit trail such as a credit card or college loan. Far from being anomalies lurking on the fringes of society, credit invisibles are shockingly common.

According to a recent report by the Consumer Financial Protection Bureau, roughly 45 million Americans are characterized as credit invisible. Meanwhile, 19.4 million are known by another equally ominous label: “credit unscorable.” That means they have some credit history, but not enough to generate a score. For example, they might have had credit cards or loans at one point but then stopped, usually due to financial difficulties.

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8 Dumb Reasons People Can’t Buy a Home

Buying a home—especially if it’s your tryingtofindahomefirst—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment (remember the shake weight?), misguided home buyers could be doing far more serious damage—like undermining their ability to purchase a house at all. Don’t be one of them! We asked real estate agents to shed light on some of the dumbest reasons people can’t buy a home. The good news? These flubs are easily avoidable.

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