The Rollercoaster Ride as a First-Time Homebuyer
There’s nothing quite like the experience of buying your first home. It’s exciting, overwhelming, empowering, and completely nerve-wracking. Whether you’re just starting to browse listings or you’ve already scheduled showings, the emotional highs and lows are real. But beneath those feelings lies a big financial decision that requires preparation, patience, and perspective. Here’s a look […]
Investing Myth: Buying a Home is Always a Good Investment
In a previous blog, we deconstructed a common investment myth about market returns. We will continue with that theme by going through another common investment myth about home buying. No matter if it is your first time or tenth, buying a home is an important life event. One myth that is common to hear is […]
Keys to a Successful Home Inspection
The housing market is very active right now and many home purchasers are buying a home for the first time. In THOR’s May 2018 blog post (https://www.thorwealthmanagement.com/first-time-home-buyer-how-to-make-an-offer), we mention that one of the items all home buyers should complete before removing the contingencies from the purchase contract is a home inspection. A home inspection is initiated once your offer has been accepted by the seller, but you still have a period of due diligence […]
Income Tax Breaks for Homeowners
The U.S. government has a long standing history of including incentives in the income tax code to encourage home ownership. This is because of the positive impact home buying has on the economy – consumer spending makes up over two-thirds of the U.S. economy. Purchases of homes, especially new construction, creates a ripple of consumer […]
First Time Home Buyer: How to Make an Offer?
Buying a house can be a stressful endeavor for anyone. But, for first time home buyers, the thought of making an offer on a house for hundreds of thousands of dollars in a very competitive home buying environment, where even a slight delay can cost you the house of your dreams, the anxiety is enough […]
Am I Ready to Buy a New House?
Many people believe that buying a home is essential. It has been known to be part of the American dream. Owning a home is a big decision, as it usually is a very costly decision. Some people like to point out that buying a home is a great “investment”. Contrary to this belief if you […]