What do I need to qualify?
- 2 forms of legal ID
- ITIN, State ID, Matricula, Drivers License
- Last 2 months of bank statements and pay stubs*
- Last 2 years of tax returns*
- Down payment (amount dependent of purchase/lease option and financing)
Do I need a real estate agent to purchase a home from Camden Homes?
The short answer is “No”. You do not need to need a real estate agent to purchase a home from Camden Homes. We have representatives and lenders on-site at each of our model homes. Our team and partners can assist you with your purchase. If you have a real estate agent representing your interests, we can definitely work with them as well.
What do I need to lease a home from Camden Homes?
Our purpose at Camden Homes is to change your life by helping you fulfill the American Dream of living in a home. You may find that living in a home means you want to lease one rather than purchasing. We offer you that option as well. To lease a home from Camden Homes, you need to …..
I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?
If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)
Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.
Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?
When buying a new home, what upgrades should we go for? What holds the most value? Do we upgrade the lot? Pick more square footage in the house? Add an extra bedroom?, etc.
A lot depends on why you are buying the house. Are you buying it mostly as a home or mostly as an investment? There is a difference.
For the most part, upgrades are high-profit items for builders. They aren’t designed to enhance the value of the house, but make you happier with the house you do buy.
If you are looking at your home as an investment, then you buy from the smaller to medium size in the tract and spend only a minimal amount on upgrades. If you are looking at your purchase as a home, then you select upgrades that will enhance your quality of living.
One rule of thumb is to always upgrade the carpet and padding.