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Budgeting for my First Home Purchase

By
Real Estate Agent with Keller Williams Realty
The topic f discussion today was a questions asked by one of my Friends on Facebook. I am thinking of starting the home search and was curious if you could share some budgeting ideas, tips and information for a first time buyer. I thought this was great question. As a first time buyer there are many things to consider in terms of budgeting. Outside of your monthly mortgage you are now going to have to pay real estate taxes and home owners insurance. These may be all in one payment or you may pay them separately. This is something you want to discuss with your lender. IF you are currently not paying rent you will also have to consider utilities heat, electric cable. Also, although most homes are in move in condition you will want to consider having a reserve in case a repair comes up (heat, roof) or if you want to make some changes once you move in whether it be p[painting, changing windows. etc. Cidalia Mendonca Matukas www.HomesbyCidalia.com Keller Williams Realty Cell: 781-389-7252 Office: 774-568-0007 Please check out My YouTube page and see how I get homes sold, and testimonials of past clients! http://www.youtube.com/user/CidaliaMatukas http://localism.com/neighbor/matukas http://www.facebook.com/people/Cidalia-Mendonca-Matukas/1... Friend me on facebook Cidalia Mendonca Matukas www.HomesbyCidalia.com Keller Williams Realty Cell: 781-389-7252 Office: 774-568-0007 Please check out My YouTube page and see how I get homes sold, and testimonials of past clients! http://www.youtube.com/user/CidaliaMatukas http://localism.com/neighbor/matukas http://www.facebook.com/people/Cidalia-Mendonca-Matukas/1384876351 Friend me on facebook

Comments (2)

Karen Seeman
Exit on the Hudson Realty - Tenafly, NJ
CDPE, (201) 247-0556, bergencountyhomes4sale.c

Nice video.  Consider lighting and possibly get rid of some of the Ahs.  You did really well toward the end.  Good job.  I hope that your videos library gets larger and larger.  Continued success in Massachussets Real Estate. 

Nov 01, 2010 05:19 AM
Anonymous
Cidalia

Hi Karen,

 

Thansk for the feedback I appreciate the suggestions.

Cidalia

Nov 01, 2010 05:41 AM
#2