First Time real estate buyers - Great questions answered

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Glen from New York asked some great questions on our blog about him being a first time buyer of Real Estate.

His questions were as follows.  

  • He has decent credit and 20K to put down on a home - will that work?
  • He hears a lot about foreclosures and wanted to know the pros and cons.
  • He is looking for at least a 4 bedroom, but does not want to spend an arm and leg to get it.
  • Should he go with a Foreclosure or a Non-foreclosure?
  • How about a "handyman" special - would that be better?
  • Are there any "real" programs for First time buyers of real estate?
  • Does he have to pay off all debt to qualify for a loan?
  • Should he go outside of the city, are home more affordable there?

I answered all of these questions and more on this edition of our Santa Clarita Radio Show.

BE Safe and visit out site for some great Real Estate Intel!

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