r/RealEstate – Trying to validate some numbers as a first time home buyer here

Am I a first time buyer? I had a mortgage 12 years ago but relinquished the property and mortgage to my ex wife, if i were to apply for a mortgage now could i be classed as a first time buyer as i have no mortgage or would not be in a chain when purchasing a house?

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We recently received the following question from a reader named Sam: My question: As a first time home buyer. there are some exceptions, and buying your first home is typically one of those. If you.

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First time home buyers typically need a face to face with a home loan originator who can explain to you the process and the steps taken, to qualify you and secure a home loan. The bank/mortgage company may have some first time home buyer loan programs, not offered to others, based on specific criteria of being a first time home buyer, and.

If the property in question is intended to be the home of the buyer, the CAR deposit receipt liquidated damage clause limits the buyer’s liability upon default. The maximum liability for the buyer is the amount of the deposit or what percentage of the sales price whichever is the lesser? a. 3% b. 5% c. 10% d. there is no limit

Work With More Than One Real Estate Agent When Buying a Home.. show you a property you have little interest in. Remember that these agents make their living through selling property, and that their time is valuable as is yours.. Home buying tips for first-time home buyer.

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First-time homebuyers should make a real estate plan and build a good team of experts.. I’m a real estate agent and investor – here are my 8 best pieces of advice for first-time homebuyers.