10 Tips For Buying A Home

 

10 Tips For Buying A Home

1. Buying a home can be one of the first big financial decisions a couple will make together. The following is a list of things to take into consideration when working on that big purchase. Choose a realtor with whom you both feel comfortable. The realtor should be willing to listen to both parties.
 
2. Decide the Zip code in which you want to live. Commuting times, job stability and proximity to family and friends should be considered.
 
3. Make a wish list of features that you want in a home. It is helpful to categorize into “must have” and “would be nice” features. Most often you won’t get all of your wants on the list, but it helps your realtor to have a guideline to use.
 
4. Talk to a lender who will help you ascertain your buying power. Knowing the amount of the loan you’ll be able to secure in advance, helps reduce the shopping time for a home. It also prevents you from being disappointed if the finances don’t work out in a certain price category. Your real estate agent will be able to refer you to a reputable lender in your area.
 
5. Don’t buy any major purchases on credit before you purchase a home. Cars, furniture and other luxury items bought on time will reduce your buying power.
 
6. Discuss your lifestyle with your mate and communicate that to your realtor. Pets, entertaining, hobbies, home office, and computer centers are all items that are critical in the selection of a home.
 
7. SAVE, SAVE, SAVE. Having a nest egg prior to purchase will help the transition from renting to owning be an enjoyable experience.
 
8. Don’t worry about paying a commission to the realtor. In most cases, the seller pays the realtor when the property is sold. It does however help to work with the same agent throughout the process, as they are only compensated when and if a home is purchased.
 
9. Talk to your realtor frequently. They can be a good source of information on current trends in real estate and statistical information on the neighborhoods that you are considering.
 
10. Remember to have fun, and don’t get stressed out. Your realtor is there to give guidance and direction. The house hunting should be as fun as all the other decisions that have been made on your wedding and marriage
 
 

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