Resources For Buyers

Home Buying Articles and Advice

Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, I'm only a phone call or email away! 

Benefits of Owning Your Own Home

The Best Investment

Income Tax Savings

Stable Monthly Housing Costs

Forced Savings

Freedom and Individualism

More Space

Important Things To Avoid Before Buying a Home

Don't Move Money Around

The Effect of Changing Jobs

No Major Purchases of Any Kind

Don't Buy a Car - or Did You Already Buy One?

When Income Grows and You Want to Buy Stuff

Debt-to-Income Ratios and Car Payments

How Buying a Car Reduces Your Purchase Price

The Business Cycle and Buying a Home                                              

Recession and Expansion

Supply and Demand

Should You Try to "Time the Market"?

Comparable Sales and Your Offer Price

Determining Your Offer Price

Comparable Sales in the Public Record

Comparable Sales in the Multiple Listing Service

Comparable Sales - Pending Transactions

Other Factors Influencing Your Offer Price

Major Factors Influencing your Offer Price

How Property Condition Affects Your Offer

How Home Improvements Affect Your Offer Price

How Market Conditions Affect Your Offer Price

How Seller Motivation Affects Your Offer Price

The Final Decision on Your Offer Price 

Offering to Purchase Real Estate- the Basics

Introduction and Overview

Contingencies in a Purchase Offer

Earnest Money Deposit

The Closing Date

Transfer of Possession

Writing an Offer - Safeguards Regarding the Property

Disclosures From the Seller

Condition of the Property Upon Transfer

Inspections You Should Require

Final Walk-through Inspection

How Financing Details Affect Your Offer

Down Payment

Interest Rates

Closing Costs and Financing Incentives

Seller Financing

Cash Offers

Other Financing Offers in Your Offer

How FHA and VA Financing Affects Your Offer

Extra Costs for the Seller

VA and FHA Appraisals

Selecting Service Providers

You and the Seller Must Agree

Escrow and Settlement

Title Insurance

Termite and Pest Inspection



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Marsha Maynes, CRS, GRI Marsha Maynes, CRS, GRI
Blue Water Realty
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Welcome to St. Thomas, US Virgin Islands

Welcome to St. Thomas, US Virgin Islands

Marsha Maynes, CRS, GRI