Posts Tagged: buying a condo

Renting a Condo vs. an Apartment: What’s the Difference?
Renting a Condo vs. an Apartment: What’s the Difference?

Renting a Condo vs. an Apartment: What’s the Difference?

  |   By AuthorMy First Apartment
By Cory Yaekel When you’re ready to move out on your own, but not yet ready to buy a home, you may have an option to choose between rental condos and rental apartments. If you are seriously planning to buy your own condo in a couple of years, renting one now will be a good…
Do You Need An Extra Bedroom?
Do You Need An Extra Bedroom?

Do You Need An Extra Bedroom?

  |   By AuthorMy First Apartment
Condo hunting will bring a lot of options to consider. If you have extra money to spend on payments each month, one of those options may be choosing a place with an extra bedroom, whether that means you choose a 2 bedroom or 3 bedroom. But, do you really need the spare space, or would the cash be…
7 Things You Need To Know About Rent-To-Own Condos
7 Things You Need To Know About Rent-To-Own Condos

7 Things You Need To Know About Rent-To-Own Condos

  |   By AuthorMy First Apartment
Home sales are still below the peak reached before the housing bubble burst in 2008, due to rising housing prices and interest rates and unstable economies that have left many potential homeowners saddled with external debt and unable to qualify for a mortgage. This trend is likely to continue, as many Millennials are still reluctant…
Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers
Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers

Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers

  |   By AuthorMy First Apartment
On Oct. 3, the Consumer Financial Protection Bureau implemented a major new revision to the mortgage process. The new program, known as “Know Before You Owe”, might mean headaches for banks and loan lenders, but the increased transparency is good news for everybody in the market for a new home, including first-time condo buyers. What…
How Much Should Interest Rates Affect Your Decision to Buy?
How Much Should Interest Rates Affect Your Decision to Buy?

How Much Should Interest Rates Affect Your Decision to Buy?

  |   By AuthorMy First Apartment
By Ali Donoghue Like it or not, if you need a mortgage to buy a condo, you need to understand interest rates. Your interest rate – together with the size of the the loan – determines the amount of monthly payments when you take out a mortgage on your home. So, for example, if you…
When is the Best Season to Buy a Condo?
When is the Best Season to Buy a Condo?

When is the Best Season to Buy a Condo?

  |   By AuthorMy First Apartment
By Brian Cargerman When is the best time to buy? It’s a question that first-time buyers ask a lot, but one that can be overemphasized. If you don’t have your financials in order, there’s no good season to buy. That said, as a secondary consideration, seasonality can be important. While I’ve always felt that for…
Fail! How my Condo Purchase Fell Through
Fail! How my Condo Purchase Fell Through

Fail! How my Condo Purchase Fell Through

  |   By AuthorMy First Apartment
By Sarah Stiebritz When I first entered into this journey of buying my own place, never did I think it was going to be this stressful. In my last post I talked about seeing dozens of places and just waiting for the perfect place to come along. Well, I finally found the perfect condo and…
I’m Shopping for My First Condo – And I’m Only 20!
I’m Shopping for My First Condo – And I’m Only 20!

I’m Shopping for My First Condo – And I’m Only 20!

  |   By AuthorMy First Apartment
Hi everyone! My name is Sarah Stiebritz. I’m 20 years old and I live in a rural area in upstate New York. I am currently working full time at a daycare center as the supervisor and I am going to my local community college where I am studying elementary education. I have a 2-year old…
How to Succeed Buying in a Competitive Condo Market
How to Succeed Buying in a Competitive Condo Market

How to Succeed Buying in a Competitive Condo Market

  |   By AuthorMy First Apartment
By Dan Bergman In a competitive housing market, homes sell fast, often within a day or two. To succeed in purchasing your dream condo, you’ll need to move quickly as well. While that may sound intimidating, there are several steps you can take to make sure you move with confidence as well as speed. Get…
What You Need to Know About Condo Shopping in the Winter
What You Need to Know About Condo Shopping in the Winter

What You Need to Know About Condo Shopping in the Winter

  |   By AuthorMy First Apartment
By Dan Bergman Traditionally, the winter is a no man’s land in residential real estate. There are fewer homes on the market, and fewer home shoppers. And it makes sense: Between the rush of the holidays and the inclement weather, shopping for a condo in the winter can be difficult. That said, some people do…