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.
This article will help you overcome possible anxiety by offering valuable advice and home buying tips to help keep you moving forward!
BE PICKY, BUT DON’T BE UNREALISTIC.
There is no “great” home…yes, even one that is fabricated fresh out of the box 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.
Survey your credit report and be certain you have enough cash to cover your upfront installment and shutting costs. You can receive a 100% FREE copy of your credit report online 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. Visit Annual Credit Report.com today!
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 for 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!
Not all We Buy Houses companies are created equal. With these tips, you can choose the right one for your needs and can avoid many traps other home sellers have experienced.