Love Your Hood

Down Payment

What buying a home will actually cost you

Everyone knows that buying a home costs money. But how much exactly? While the purchase price of the home makes up the largest component, here are other costs homebuyers should be prepared to pay: Earnest Money This is essentially a down payment or deposit on your new home! It shows the seller that you are a serious buyer by putting some skin in t[...]

The Cost of Waiting To Buy

By LYH broker Rhyan Diller I’m often asked when the best time to buy is. There are always pros and cons to buying at any time of year, and while there is no exact answer, the best time is NOW. Picture this. Leslie decides she's ready to buy a home in the summer of 2019. She looks and looks and finds the perfect single-family home for $485,450 [...]

Denver still feeling priced out of ownership

Source: the Colorado Real Estate Journal The age old question, revisited: should I rent or should I buy? Here, the author presents statistics that illustrate Denver's current preference of renting over buying. In the last 10 years, home prices have exceeded rental increases by 24%, requiring far less cash to execute a lease than to transfer a d[...]

Getting down payment help now. Sharing home’s gain (or loss) later.

Source: Tara Siegel Bernard of the New York Times Throughout the US there are countless people who would love to buy a home, but continue to pay that rent check to their landlord every month instead. Why is this? For the average aspiring homeowner, the largest obstacle to overcome is the down payment. Several companies, including San Francisco-bas[...]