10 tips when buying a home

By
Real Estate Agent with Realty ONE Group
  1. Be picky, but don't be unrealistic. There is no perfect home.
  2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.
  3. Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs.
  4. Don't wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.
  5. Don't ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion. 
  6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental  market in your area?
  7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you'll buy as well as the type of mortgage terms that suit you best. 
  8. Don't let yourself be "house poor". If you max yourself out to buy the biggest home you can afford, you'll have no money left for maintenance or decoration or to save money for other financial goals.
  9. Don't be naïve. Insist on a home inspection and, if possible, get a warranty from the seller to cover defects within one year.
  10. Get help. Consider hiring a REALTORÒ as a buyer's representative. Unlike a listing agent, whose first duty is to the seller, a buyer's representative is working only for you. And often, buyer's reps are paid out of the seller's commission payment.

Comments (5)

Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of three outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Let us know if we can ever help. Again, welcome to AR!!

Jan 11, 2009 10:59 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Jan 12, 2009 01:16 AM
David Painter
Keller Williams Realty - Spartanburg, SC

Good to have you on Active Rain.  This is a good site for gathering information and interesting to see what others are blogging about. Contact us if we can be of service to you. We would be happy to send you a referral or to take good care of any referral you would send to us.

Jan 12, 2009 10:50 AM
Everard Korthals
---Preferred Lifestyle Advisors--- - Lancaster, PA
Mountain Realty

Welcome to Active Rain. This is a great place to learn and share with others. IF ever you were to have any questions then feel free to contact us and we'll try to help. Please take a look at our blog for links to valuable information in our sidebar that you can use to navigate this extensive network. Subscribing to our blog is also a great way to read our blog straight from your home pages. We also suggest taking a look at the Active Rain Wikipedia group for resources that may be valuable to you. We hope you have a great day in the Rain! All The Best-

Sincerely, Active Castellum ( Castellum Realty llc - Lancaster PA Real Estate )

Jan 12, 2009 04:05 PM
Vicki Sedlak
ReMax Preferred Associates - Perrysburg, OH

i thought these were a great set of tips for new homebuyers.  thanks for sharing.  Hope 2009 is your best yet!

 

Jan 14, 2009 01:56 AM