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Draft: needs revising! 4 Things to Do Before Buying a Home

By
Real Estate Agent with Coldwell Banker Schmitt Real Estate Co.

Fred Mullins, Donna Mullins, & Erin Biby

Coldwell Banker Schmitt Real Estate Company

1201 White Street Ste. 101 Key West, FL 33040

Direct: 305-745-9440

Email: mullinsf@bellsouth.net

Website: www.lowerkeys-homes.com

 

4 Things to Do Before Buying a Home:

Follow these steps to properly prepare for purchasing a home:

 

1. Educate Yourself

Even if it isn't your first time buying a home, it's important to become familiar with the process. Things change from year to year and you could use a refresher. Some questions to ask:

What type of mortgage is best suited to me?

Should I seek a fixed-rate or adjustable-rate morgage?

How quickly are homes selling in the area in which I wish to buy?

What is the largest monthly payment I can comfortably make?

2. Select a Lender & Real Estate Agent

You will be working with these people throughout the process of buying your home, so you may wish to have several options so you can choose the individuals who best fit you.

3. List Your Wants & Needs

Make a list of the things you are looking for in a home. This will help you decide which homes you can eliminate right off the bat. If you need to re-write your list later based on the local market, you can do so as you begin shopping. Your real estate agent will clue you in as to which items on your list you can realistically afford.

Information obtained from http://finance.yahoo.com/news/4-things-buying-home-130014516.html