5 Steps To Buy A Home
First of all, have your credit checked. Homebuyers to have their credit checked six months before buying a place to make sure their FICO score is where it needs to be.
Know what you can afford. Realtors insist that prospective homebuyers “contact a lender and be pre-approved so they know the price of the house they can afford and won’t be disappointed that they can’t go into the price range they were originally considering.” According to many agents, most people don’t get pre-approved, which usually winds up wasting time and causing problems down the line.
Look into location. If you’re going to be in this home for any length of time, look into school districts and other things that may not matter to you yet, but could eventually. Also, find out what your city or county taxes would be, as well as if your community has Homeowners’ or Condo Association dues.
Think twice before buying a home on your own. Buying a home requires real estate and legal savvy, as well as the confidence to negotiate the final price.
Have the house inspected. Once you find a place, have a home inspection done to find out what is wrong with the place. Even if the person isn’t going to fix it, you need to know that before you make the decision to buy the house.