First Time Home Buyer Tips

By
Real Estate Agent

At one time or another, everyone was a first time home buyer. It can be downright confusing, or overwhelming even. Before you buy, you should check out our tips below!

  • First, you want to get an understanding of your finances.
    • Track a few months' spending, meet with a mortgage lender and get pre-approved, find out how much you can afford, also, pull your credit and evaluate your assets and liabilities.
  • Next, you need to have a long-term goal in mind.
    • Do you plan to be in this home for a long time?
    • Do you want kids?
    • Maybe a dog? 
    • A home office?
    • Do you want a fixer upper? Do you have the time to do it? And can you afford to do it? Do you know how to fix it up?
    • Maybe a condo would be a better fit. You should think about it. No yard work, no maintenance.  All you have to do is pay your HOA, and everything is taken care of for you.
  • Lastly, be aware of additional costs.
    • Property taxes
    • Home owners insurance
    • Closing costs, which would be like escrow fees, and HOA dues. 

If you follow these tips, you'll have a better first time home buying experience. We promise you.

 

 

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Rainer
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Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

nice Jobe for the article, have a great day

Mar 23, 2015 07:24 AM #1
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Rainer
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