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BUYING A HOUSE IN ST MARY'S, CHARLES OR CALVERT COUNTY MD

By Margaret C. Taylor

Real Estate Agent with Century 21 New Millennium MD

April 24, 2010 12:48 AM

BUYING A HOUSE IN ST MARY'S, CHARLES OR CALVERT COUNTY MD

There are many houses for sale in St Mary's, Charles and Calvert County. Buying a house is a major investment and the home Buyer needs to be knowledgeable so that they can make informed decisions. Obtaining the assistance of professionals, such as a Loan Officer or Real Estate Agent, will help you in this home buying process. Your first consultation should be FREE.

Here are 10 steps you could include when buying a house. Call Margaret C. to assist you through this process.

10 Steps to Prepare for Home Ownership

Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
Develop a wish list of what you would like your home to have. Then prioritize the features on your list.
Select three or four neighborhoods you would like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.
Determine if you have enough saved to cover your down payment and closing costs. Closing costs, including taxes, attorney's fee, and transfer fees average between 2-7 percent of the home price.
Get your credit in order. Obtain a copy of your credit report.
Determine how large a mortgage you can qualify for. Also explore different loan options and decide what is best for you.
Organize all the documentation a lender will need to preapprove you for a loan.
Do research to determine if you qualify for any special mortgage or down payment- assistance programs.
Calculate the costs of homeownership, including property taxes, insurance maintenance, and association fees, if applicable.
Find an experienced REALTOR® who can help you through the process.

Margaret C. Taylor SFR CDRS e-PRO® 301 481 8407
Century 21 New Millennium Real Estate Agent, St Mary’s County, MD

Serving: Lexington Park, Great Mills, California, Hollywood, Leonardtown, PAX River, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, also Calvert and Charles County.

This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA, Loan Officer or other specialist should be consulted for specific needs.