Home Buying Program - OHR Real Estate News

Buying a Home When Interest Rates are Higher Than Before

On: October 12, 2023

In: Buyers, Buying a Home, Home Buying Program

Tagged: buying a home, Colorado, Florida, Real Estate

When a bank greenlights your mortgage application, it will present you with its most favorable interest rate for the loan. This rate is essentially the cost you’ll incur for borrowing the money. The rate you receive will depend on various factors such as your down payment, credit score, and the property’s price, but it’s also influenced by broader economic conditions.Continue Reading

Buying a Home What Are the Steps

By: Danny

On: February 2, 2023

In: Buying a Home, Colorado, Florida, Home Buying Program

Tagged: buying a home, Colorado, Homes for Sale, Real Estate agents

Purchasing a home is an exciting and significant milestone in life, but the process can also be overwhelming for first-time homebuyers. To help make the process smoother, it’s important to understand each step involved in buying a home.Continue Reading

First Time Home Buyers – Tips for Your First Home Purchase

By: Danny

On: August 7, 2022

In: Buyers, Buying a Home, Colorado, Denver Foothills, First Time Home Buyers, Florida, Home Buying Program, Homes for Sale

Tagged: buying a home, Colorado, First Time Home Buyers, Florida, Homes for Sale

Buying your first home can be an exciting and nerve-wracking experience. There are so many things to think about and so many details you need to handle. Here is some advice on how to buy a house as your first home. Even before we all became adults, we heard people in our lives talk about the importance of owning a home one day. It’s something that we all get drilled into our heads from a young age, but once you hit your late teens and early twenties, moving out and renting an apartment or condo feels like plenty for most people. The reality is that unless you plan on living with your parents until you’re well into your thirties it’s almost inevitable that at some point in the not-so-distant future you will need to buy a house as your first home.Continue Reading

Why Did Zillow End Their Home Buying Program? Fix and Flip Failure in the This Market?

By: Danny

On: February 21, 2022

In: Colorado, Fix and Flips, Home Buying Program, Zillow

Tagged: Ending Home Buyer Program, Fix and Flip, Home Buying, Zillow

Zillow is a company most people know. It’s a popular website that allows users to search for home listings and get information about homes. But recently, Zillow announced it was closing its Home Buying Program, so many are wondering what happened to cause this decision. Zillow has been operating a “Fix and Flip” program for the past 4 years. This program was designed for those who wanted to do some light remodeling on their homes before reselling them for a higher profit. After four years of operation, there were only 350 homes sold in 2017 with the Fix and Flip program. Compare that number with the 3,800 other single-family homes sold during the same time period without using the program. Some people, including myself, believe that it was because of the failure of their ‘Fix’ program. In my opinion, I think this is why they are shutting it down.Continue Reading