The 10-step easy guide to buying a home

Pre-approval. Searching for homes. Open houses. Clear to close. Short sale. Sellers market. Mortgage. Insurance. Closing costs.

These are all phrases and words you’ve heard during the home-buying process. Buying a house may be the most complicated financial process of your entire life. But here is the most simplified, straight-forward, 10-step process to purchasing a home.

1. Are you ready to become a homeowner?
Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a house is a financial and emotional decision that requires the experience and support of a team of reliable professionals.

2. Get a Realtor®
In the maze of forms, financing, inspections, marketing, pricing, and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local Realtors who serve your area.

3. Get a mortgage pre-approval
Most first-time buyers need to finance their home purchase, and a consultation with a mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search.

4. Look at homes
A quick search on our site will bring up thousands of homes for sale.  Educating yourself on your local market and working with an experienced Realtor can help you narrow your priorities and make an informed decision about which home to choose.

5. Choose a home
While no one can know for sure what will happen to housing values, if you choose to buy a home that meets your needs and priorities, you’ll be happy living in it for years to come.

6. Get funding
The cost of financing your home purchase is usually greater than the price of the home itself (after interest, closing costs, and taxes are added). Get as much information as possible regarding your mortgage options and other costs.

7. Make an offer
While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value—or additional costs—for buyers.

8. Get insurance
No sensible car owner would drive without insurance, so it figures that no homeowner should be without insurance, either. Real estate insurance protects owners in the event of catastrophe. If something goes wrong, insurance can be the bargain of a lifetime.

9. Closing
The closing process, which in different parts of the country is also known as “settlement” or “escrow,” is increasingly computerized and automated. In practice, closings bring together a variety of parties who are part of the real estate transaction.

10. What’s next?
You’ve done it. You’ve looked at properties, made an offer, obtained financing, and gone to closing. The home is yours. Is there any more to the home-buying process? Whether you’re a first-time buyer or a repeat buyer, you’ll want to take several more steps.

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National Running Day

If you haven’t noticed, today is national running day – encouraging people to take a few extra steps, work in some cardio and boost their heart rate. This got us thinking at HUFF Realty. We are so thankful to serve a community that offers so many wonderful places to run, walk, ride a bike, take a segway, ride a duck bus or any other version of getting to see the beautiful views of the city.

Cincinnati, Northern Kentucky and Indiana all offer miles upon miles of running space. Either side walks, hiking trails or parks, the tristate is a haven for the active person.

Although national running day is the perfect way to prepare for a Holtman’s donut overdose on National Doughnut Day on Friday, hundreds of people are expected to lace up and hit the road throughout the Tri-State to show their passion for rapid heart rates, good health and sweet shoes.

The day honoring running, always held the first Wednesday in June, started nine years ago as a way to raise awareness for the healthy habit, according to the National Running Day website .

The day in Cincinnati is a great opportunity for newbies, or those thinking about heading out for the first time, to meet other runners and walkers at two organized events.

The Running Spot is inviting runners and walkers of all levels to the Newport, O’Bryanville and Loveland stores beginning at 6:30 p.m. for group activities. Each location will have give aways and other opportunities to celebrate the day billed as a “FAVORITE holiday, like 4th of July & Christmas all wrapped into one.” A morning event was also scheduled at the Glendale store at 8:30 a.m.

At the same time, organizers of the Flying Pig Marathon will host a 4 mile group run at Washington Park starting at 6:30 p.m. The non-profit will raffle off entries to the Queen Bee Half Marathon, Flying Pig Marathon and Beer Series events. All participants will receive Gatorade, water, and National Running Day bibs as well.

National Homeownership Month

Did you know that June marks National Homeownership Month! Thinking about purchasing or selling a home? Contact HUFF today! #Homeownership #HUFFRealty

Here’s some info from the USDA:

Rural America faces a unique set of challenges when it comes to combating poverty in our towns and communities. Too often, rural people and places are hard to reach or otherwise underserved — but USDA makes sure they are not forgotten. I believe that USDA and its partners have the tools and the means to expand opportunity and better serve those living in poverty.  This month, Homeownership Month, we are celebrating a program that has helped rural families locate and climb ladders of opportunity into the middle class: The Mutual Self-Help Housing Program.

Fifty years ago USDA initiated The Mutual Self-Help Housing Program to provide very low- and low-income families the opportunity to achieve the American dream of homeownership, and in 50 years, USDA has partnered with more than 100 non-profit Self-Help Housing Organizations to help 50,000 rural American families accomplish homeownership.

The Mutual Self-Help Housing Program provides grants to qualified organizations to help them carry out local self-help housing construction projects. Grant recipients supervise groups of very-low- and low-income individuals and families as they construct their own homes in rural areas. Participants in this program contribute most of the construction labor on each other’s homes.

Working in groups, families spend long hours working on their homes whenever they can, in the evenings and on weekends for months. The families together frame the houses; install roofs, put up windows and siding, paint and undertake many of the tasks required to complete each other’s homes- building community along the way.

The hard work, sweat, and dedication of the soon-to-be homeowners reduces construction costs and paired with an affordable mortgage from USDA’s Rural Housing Service, makes homeownership possible for families that would not otherwise be able to become homeowners. The 870 families that participated in self-help housing projects in 2014 each built about $27,500 in equity in their brand-new homes.

Additionally, this program, more than any other, helps increase minority homeownership in rural communities. Consistently, over 50 percent of the mutual self-help homes are built by minorities. Single mothers, women-headed households, also participate successfully in this program, gaining skills, strength, confidence and stability for themselves and their children.  Since 2008, USDA has tracked that 41 percent of self-help homes have been built and bought by women-led households.

Since the inception the program, USDA has invested nearly $3 billion dollars in the mutual self-help program to secure homeownership for 50,000 families. I am proud to celebrate this milestone, 50 years and 50,000 homes, with our partner organizations and the families that build their communities. Together we are making it possible for rural families to get on the ladders of opportunity and into the middle class.

Throughout the month of June, we’ll share additional stories to showcase how our Mutual Self-Help program is impacting communities across the nation. I’m continually inspired by the very real change that is happening through the efforts of our partners and our homeowners – I’m sure you will be, too.

See more.