{"id":961,"date":"2013-04-14T19:42:08","date_gmt":"2013-04-15T00:42:08","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=961"},"modified":"2013-04-14T19:42:08","modified_gmt":"2013-04-15T00:42:08","slug":"new-rules-of-the-game-to-buy-a-home","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2013\/04\/14\/new-rules-of-the-game-to-buy-a-home\/","title":{"rendered":"NEW RULES OF THE GAME TO BUY A HOME &#8230;&#8230;&#8230;"},"content":{"rendered":"<p>(1)\u00a0 You&#8217;re buying your 1st home.\u00a0 OLD RULE:\u00a0 mortgage rates are so low you need only a small payment.\u00a0 NEW RULE:\u00a0 put down as much as you can like 20%.\u00a0 The biggest barrier today is 1st time home buyers NOT saving enough for a down payment.\u00a0 (2)\u00a0 You&#8217;re buying a bigger home.\u00a0 OLD RULE:\u00a0 don&#8217;t sell a home for less than you bought it for &#8211; period.\u00a0 NEW RULE:\u00a0 do your math.\u00a0 Your $100,000 home is now worth $75,000.\u00a0 You want to buy a $200,000 house that is now $150,000.\u00a0 That means taking a $25,000 hit on the sale of our present house, but a $50,000 gain on the 2nd home.\u00a0 With interest rates LOW, you will come out better in years to come.\u00a0 (3)\u00a0 You&#8217;re selling a home.\u00a0 OLD RULE:\u00a0 once the market bottoms, hold out as long as you can to net the most price appreciation.\u00a0 NEW RULE:\u00a0 put your home on the market in the spring.\u00a0 If you really want to sell, spring is the season.\u00a0 Sale prices begin to drop as the season wears on and in the fall and winter you may get less money, even if prices go up.\u00a0 Article written by Kate Rockwood and in the Sunday, April 14, 2013 PARADE in the Tyler Paper.\u00a0 Many more details in the 5 page article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(1)\u00a0 You&#8217;re buying your 1st home.\u00a0 OLD RULE:\u00a0 mortgage rates are so low you need only a small payment.\u00a0 NEW RULE:\u00a0 put down as much as you can like 20%.\u00a0 The biggest barrier today is 1st time home buyers NOT saving enough for a down payment.\u00a0 (2)\u00a0 You&#8217;re buying a bigger home.\u00a0 OLD RULE:\u00a0 don&#8217;t [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/961"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=961"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/961\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=961"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}