Navigation Links
Home Buyers Are Demanding Value Driven Purchases According to CoreLogic

Twin Cities, Minnesota (PRWEB) September 20, 2013

Home Buyers are buying a home with market driven objectives, according to CoreLogic's Housing MarketPulse Report for September 2013. The housing sector drove the U.S. economy by contributing 17% to GDP growth. CoreLogic seeks to define the engines of future growth and finds that home buyers are becoming better informed and demanding value driven purchases.

"Twin Cities home buyers often ask for help early on before buying a home to gain solid research and advice up front. Buying a home is a big decision, and as an investment purchase, the value of the house, and the buyer's proportion of increasing home equity will grow over time." says Jenna Thuening, owner of Home Destination.

As home purchase volumes continue to rebound, CoreLogic predicts a flight to quality because borrowers value service and end-to-end loan origination experiences that go as smoothly as possible.

An in depth understanding of home buyer needs and borrower qualifications underlines the ability to build a quality portfolio of high value home purchases, states CoreLogic in the report. As the housing market shifts to a home buyer's market, a new set of regulations adds complexities to financing and a greater need for buying a home with transparency and disclosures.

Home Destination suggests home buyers ask themselves the following questions to assist in gaining a value driven purchase:

1. Are Income Related Factors Defined? - Before buying a home, consider income bearing limitations and affordable home price ranges. Factor in family saving needs, including retirement and college, and current debt ratios; use a Buyers Mortgage Worksheet and then meet with a home loan officer.

2. What are the Commuting Distances? - The National Association of Realtors (NAR) recent study found that 73% of new home buyers consider drive time to work a key decision in buying a home. Once the desired location to live is for commute time is established, then searching for local real estate listings within the determined drive time radius makes finding the right home easier.

3. What Unexpected Charges and Purchasing Fees May Come Up? - When buying a home with value driven objectives, knowing any potential devouring costs that may come up later should be addressed up front. Hidden costs may surface during the final negotiations or home closing and simple have to be paid in order to complete the home purchase.

4. What Potential Risks Exist?- Stay objective before falling in love with a home. Having a professional home inspection may reveal potential problems the home has or many have; it is an important step in a value driven home purchase. For example, a home with hard-to-see moisture or infestation problems may drain the next homeowner of financial gains over an extended period of time

5. Is there a Multi-Dimensional View On the Home Investment? - The CoreLogic report points out that secondary market changes, even though they may seem insignificant at first glances, may affect the whole transaction. "That is why having a multidimensional view of the housing market is so fundamental," according to the report. Be thorough and take time to consider all aspects before signing a home purchase agreement.

6. What is the Most Current Related Housing Market Data? - The Twin Cities housing market is ever shifting, as with the national market. Relying on current and reliable housing market data will help ensure offering a fair bid on a home in order to anticipate favorable responses from the seller during negations.

"Your objectives are the overall goals you are trying to achieve with the money used for your home purchase, whether it is your own single-family residence or a home purchased for investment income, clear value driven objectives will become a highly valued road map through your process of buying a home," adds Thuening.

Home Destination helps home buyers prepare to buy the home they want and define their value driven objectives for long term. Individuals seeking a Twin Cities real estate buyer consultation or a home buyer's quote, may reach Jenna Thuening at 612-396-7832.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Home Buyers Gaining Ground As Home Affordability Hits Record High
2. ProcurePort announces the launch of, a unique reverse auction marketplace that brings buyers and sellers together in the lumber industry
3. Life is a Cabaret for Valley Luxury Home Buyers in Palm Desert CA by Brad Schmett
4. Verified Buyers Give Ladybug Tekno 2350 Vapor Steam Cleaner 5-Star Rating, Announces
5. Home Buyers Not Scared by Mortgage Rate Hikes
6. Newport Board Group, a National Business Advisory Firm of CEOs Cautions Buyers on 5 Questions to Ask Before Acquiring a Technology-Based Middle Market Company
7. E-Store India Crosses the 1-million Mark for Number of Registered Online Buyers
8. Empowering Potential Home Buyers by Learning to Set Money Aside
9. Group Car Purchase launches exclusive service for budget buyers
10. Group Home Buy, a Unique Facility for Home Buyers, Launched in Style
11. Time and Gems Offers Buyers the Largest Collection of Rolex Watches Yet
Post Your Comments:
(Date:11/29/2015)... ... 30, 2015 , ... The Cyber Monday deal is a deep 40% or more discount on ... get gifts for the skin care lover in your circle. Each Christmas, Sublime Beauty ... year, the 3 serums are staples: Collagen, Retinol and Hyaluronic Serums. , Stocking stuffers like ...
(Date:11/29/2015)... (PRWEB) , ... November 29, 2015 , ... While conventional ... kneeling or provide ready access to exercise weights. Fortunately, an inventor from Uniontown, Pa., ... THE TOMMY WALKER to enhance the benefits of a standard walker to improve the ...
(Date:11/29/2015)... ... November 29, 2015 , ... Effective immediately, every single IguanaMed scrub style ... Black Friday Target is offering a “Buy One Scrub Set, Get the 2nd Scrub ... to purchase IguanaMed at a discounted price. , IguanaMed’s mission is to ...
(Date:11/28/2015)... , ... November 28, 2015 , ... Safe storage for ... of two inventors, one from Lakewood, New Jersey and the other from Bradley Beach, ... patent-pending PROTECTOR to save the expense of having to replace NuvaRings more often than ...
(Date:11/28/2015)... ... , ... Pixel Film Studios is back again with ProPanel: Pulse . ... endless. Users have full control over angle of view, speed method, start point, end ... to get heads to turn. , ProPanel: Pulse offers fully customizable pulsating shape masks, ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... Research and Markets ( ) has announced ... Outlook to 2019 - Rise in Cardiac Disorders and Growing ... to their offering. Boston ... scientific and others. --> The market ... Boston scientific and others. ...
(Date:11/26/2015)... , November 26, 2015 ... the addition of the  "2016 Future ... Global Cell Surface Testing Market: Supplier ... to their offering.  --> ... of the  "2016 Future Horizons and ...
(Date:11/26/2015)... , November 26, 2015 ... the addition of the  "2016 Future ... European Therapeutic Drug Monitoring (TDM) Market: ... Intelligence, Emerging Opportunities"  report to their ... has announced the addition of the  ...
Breaking Medicine Technology: