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7 Hacks for Buying Your First Home

7 Hacks for Buying Your First Home

Adding “homeowner” to your title is a proud moment in life. It’s exciting to think of all the perks of home ownership, from being able to grow your own garden to getting an indoor swimming pool. But before you can live happily ever after in your dream home, the hardships of finding a house and the layers of red tape surrounding it must first be addressed. Here are seven hacks to buying your first home without overpaying for it.

1. Save for Down Payment

Although mortgages are accessible to prospecting homeowners, it doesn’t fully cover every cent of the property. You will still need to save enough cash for down payment. Without enough cash on hand to be allocated as down payment, you cannot, and should not, attempt to start looking for properties through brokers. This will only take up time and effort from both you and your broker, resources you could’ve spent building the funds needed upfront. The standard down payment for a house is 20 percent of the property’s price. Note that there are financing options that allow for as little as 3 percent down or, in some cases, even no money down. As tempting as it is, avoid such deals since it often involves higher interest rates and additional insurance premiums.

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2. Decide on a Location

Location is king when it comes to real estate. It’s the single most important factor that drives supply and demand in this market. Bad locations lead to depreciated property valuations and vice versa. You can decide on a location while you’re saving up for down payment. In fact, the two factors affect each other in that the location you choose will also broadly determine the median housing prices and, consequently, the down payment amount you must save up for.

3. Peruse the Web

Your choices for housing will vary immensely, with dozens of properties falling under your set of criteria, irrespective of the factors you’ve deemed important. Traditionally, you’d be limited to the newspaper ads and in-person visits to property listings. Technology, however, has enabled society to rewrite this particular transaction in a more convenient and efficient manner. One of the best ways technology has improved the home buying and selling process is through sites like Fizber. These sites essentially eliminate realtors, savings an average of more than $10,000 in the process.

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4. Inspect the Property

Once you’ve narrowed it down to a handful, start inspecting the properties. Address important questions, such as whether or not the property is in good shape, what maintenance or repairs do you have to pay for after acquiring the home, is it child- or pet-friendly or do you have to renovate certain rooms for it to become one?

5. Negotiate With Sellers

This can either be the most awaited phase of the home-buying process or the most terrifying phase. It depends on whether or not you’re a natural-born haggler or if you dread the intensifying experience of a negotiation. You don’t have to always just accept the asking price set forth by the seller. However, be careful about setting too low of an offer since sellers can tell you to scram right off the bat.

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6. Put Down a Binder

When or if your offer is accepted, you will be asked to make a binder until the closing deal is signed. A binder is the deposit of one percent of the agreed upon price for the house.

7. Contact Your Legal Representative

Your lawyer will manage the details of the contract sent by the lawyer representing the selling party. Vet the documents carefully to ensure that all clauses were indeed agreed upon beforehand. This is where the lawyer will come in handy since they are already experienced in analyzing legal jargon that comes with a property purchase.

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Buying your first home is meant to be a positive experience, one that excites you every step of the way. With these seven hacks, you’ll be able to find, and get approved for, the perfect house both from the bank and the selling party.

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Last Updated on January 11, 2021

11 Hidden Benefits of Using Oil Diffusers

11 Hidden Benefits of Using Oil Diffusers

Affordable, relaxing, and healthy, oil diffusers are gaining popularity with people everywhere due to their extensive benefits. Oil diffusers work through the simple process of oil diffusion, which uses heat to turn oil into a vapor that is then spread around a living space. Diffused oil can have several relaxation and health-related benefits, including safe scent-dispersion, mosquito and mold defense, stress relief, and more!

Read on for 11 hidden benefits of using oil diffusers.

1. Safe Scents That Make Sense

Unlike candles or air fresheners, oil diffusers release cleansing molecules into your air that work to purify it, not overload it with unhealthy chemicals. Electronic diffusers also do not pose the fire risk that candles do. Plus, they contain the added feature of interchangeability, which means you change oil types for different scents and health benefits.

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2. Stress Relief

Several lab studies have confirmed that diffusing essential oils like lavender have been shown to reduce stress and help relieve anxiety in medical patients. Preliminary studies have also shown that oil diffusers can help alleviate symptoms of depression.

3. Improved Sleep

Diffused oil has relaxing properties that can help people of all ages fall asleep quicker and sleep more soundly. Electronic diffusers not only have the option to mix and match different oil blends (Try a lavender, Bulgarian rose, and Roman chamomile blend to help with insomnia), they also run at a gentle hum that helps relax an agitated mind. Many also come with an auto shut-off feature to help conserve oils once you have fallen asleep.

4. Appetite Control

Much like gum, oil diffusers can help stimulate the senses in a way that works to curb appetite. New research has shown that diffused peppermint oil can help curb appetite by inducing a satiety response within the body. Diffused peppermint oil has also been shown to increase energy.

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5. Bacteria and Mold Killing

When essential oils are diffused in the air, they break down free radicals that contribute to the growth of harmful bacteria. Eucalyptus, thyme, and tea tree oils are especially good for this purpose. Diffused oil is also highly effective when it comes to combating fungal yeast threats, as the oil help makes the air inhospitable for yeasts such as mold. Pine and red thyme essential oils are best for combating mold.

6. Decongestion and Mucus Control

Ever tried Vick’s Vapo-Rub? Its decongesting powers come from active ingredients made from the eucalyptus tree. In principle, oil diffusers work the same way as Vapo-Rub, except they diffuse their decongesting vapor all around the room, not just on your chest or neck. Oil diffusers have been known to cure pneumonia in lab mice.

7. Mosquito Repellant

Nobody likes mosquitoes — but when the trade-off means using repellants full of DEET, a toxic chemical that can be especially harmful to children, mosquito control can often seem like a lose-lose. However, scientists have shown that oil diffusers can be used as a safe and highly effective mosquito repellant. Studies have shown that a diffused oil mixture containing clove essential oil and lemongrass essential oil repelled one type of Zika-carrying mosquito, the Aedes aegypti mosquito, at a rate of 100%.

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8. Pain Relief

While applying oils directly to areas of your body may be the most effective way to alleviate pain, diffusing essential oils can also be an effective means of pain relief. When we inhale healthy essential oils, they enter our blood stream and can help internally relieve persistent pain from headaches, overworked muscles, and sore joints.

9. The New Anti-Viral

Research into the anti-viral effects of oil diffusion is now just gaining steam. A recent study showed that star anise essential oil was proven in medical experiments to destroy the herpes simplex virus in contained areas at a rate of 99%. Another study showed the popular DoTerra oil blend OnGuard to have highly-effective influenza-combating powers.

10. Improved Cognitive Function

Diffusing essential oils has also been shown to improve cognitive function. Many essential oils have adaptogenic qualities, which can work twofold in soothing us when we’re stressed, and giving our bodies a pick-me-up when we’re feeling down or sluggish. By working to level out an imbalanced mood, diffused oils also help us to focus. There are also several essential oils which have been shown to help balance the body’s hormones. With prolonged use, these oils can work to repair the underlying causes responsible for hindering cognitive function.

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11. Money Saving

With ten clear benefits of oil diffusers already outlined, there is one more that should now be obvious: using an oil diffuser will help you to save money. As an anti-viral, bug repelling, and stress-relief solution rolled into one safe product, an oil diffuser used with the proper oils will save you money on products you might otherwise be buying to help cure those pesky headaches or get your kids to fall asleep on time. If you’re wondering just how affordable oil diffusers can be, check the buyer’s guide to the best oil diffusers — you’ll be sure to find one that fits your budget!

Featured photo credit: Jopeel Quimpo via unsplash.com

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