Home Buying Tips...PRICELESS!
Home buying tips are valuable tools that help avoid frustration, mistakes and feelings of defeat during the home-buying process. Being a first time home buyer can be both frightening and exciting at the same time. You're excited about moving into your own home...you can even visualize how to arrange your furniture! But, almost in the same thought fear grips you.
HomebuyerClassroom.com will help you overcome possible anxiety by offering valuable advice and home buying tips to help keep you moving forward!
There is no "perfect" home...yes, even one that is built brand new. Do your homework before you start looking. Decide specifically what features you want in a home and which are "most" important to you. PRIORITIZE! For example, if you have small children you need a backyard.
GET YOUR FINANCES IN ORDER.
Review your credit report and be sure you have enough money to cover your down payment and closing costs. You can receive a 100% FREE copy of your credit report on-line from all 3 credit bureaus. You can have your credit report mailed to you or you can download it on-line and print it off. Every citizen is "entitled" to receive a FREE credit report each year by governing law. This report "WILL NOT" include your credit scores, but will contain all other relevant information for your review.
DON'T WAIT TO GET QUALIFIED FOR A LOAN.
Talk to a home mortgage lender and get pre-qualified for a mortgage before you start looking (i.e making appointments with Realtors). "Houses Don't Last!" You will not be taken seriously without having a pre-approval letter. Don't put the cart before the horse. Get pre-approved...then shop for your new home!
DON'T ASK TOO MANY PEOPLE FOR THEIR OPINIONS.
It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion. This home buying tip will ELIMINATE confusion and arguments!
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. You may accept a slightly higher interest rate if you only plan to live in the home 2 or 3 years versus one that you will live in for 30 years. A first time home buyer usually purchases another home after their first home before they retire.
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, decorating or to save money for other financial goals. God will bless you on "your level" according to what you can handle without stress, foreclosure or bankruptcy. Be wise!
GET HELP! CONSIDER CHOOSING A REALTOR® SUCH AS A BUYER'S AGENT.
Unlike a listing agent, whose first duty is to the seller, a buyer's agent/representative is working only for you. And often, buyer's representatives are paid out of the seller's commission payment which means their services to you are usually FREE! These are all great home buying tips and advice. Congratulations, you are on top of your game. Your home buying success is closer than you think!