How
to Buy Your First Home....the Easy Way!
Buying a residence can be a hair raising experience.
You will experience a roller coaster of emotions while
finding the right place, securing the loan and finally
moving in. For most of us, the first time home purchase
is the largest investment we’ve ever considered.
The emotions of purchasing something so expensive
and personal can often cloud our business judgment.
Buying Your First Home? What You Need to Know You’ve made the decision to make one
of the largest investments you’ll ever make
in your life-buying your first home. You’re
excited, but at the same time anxious. Some of the
questions you may be asking are: Will I be able to
afford the home of my dreams? Do I have enough money
for a down payment? Can I get a home inspected before
I make an offer?
5 Secrets to Buying the Best House for Your Money
Do you want to get the best property you can for the
least amount of money? Then make sure you are in the
strongest negotiating position possible. Price is
only one element in the negotiations, and not necessarily
the most important one. Often other terms, such as
the strength of the buyer or the length of escrow,
are critical to a seller.
A
Few Points About Interest Rates
If you're new to investing or real estate and don't
know the first thing about interest rates, here's
a good tip: the higher the interest rate, the more
expensive it's going to be. High interest rates mean
you will have to pay back more on the money you borrow.
Another good rule of thumb is that affordability increases
if you use an adjustable rate mortgage (it's easier
to qualify this way).
I
Have the Internet... Why do I Need a Realtor?
A Realtor doesn’t just spend time working with
buyers and sellers. Realtors study market trends.
Which areas of town are appreciating fastest? Where
are properties turning over quickly and where is inventory
piling up? What features are buyers looking for that
they are willing to pay more for? What features make
a home dated in buyers’ eyes?
Buying Pre-Construction?
It might not seem necessary to involve a real estate
professional in a transaction where a buyer can deal
directly with a builder. Think again! A real estate
professional representing the buyer’s interests,
can guide you along the right path, smooth the rough
places and help ensure you make a decision you can
live with (and in) for many years.
