You need to approach the home buying process intelligently, with confidence, and use good common sense. You are much more likely to buy a house you’ll be proud to call home.
Buying a home can be overwhelming because there is so much to consider:
- what price range can I afford?
- what lender has the best rates?
- do you want to buy through a local lender?
- how much is my down payment, how much will I need?
- any advantage to buying a ‘new’ home, and will it go up in value? Location! Location! Location!
- should I work with a Realtor or look at homes on my own?
These questions are just the beginning. Buying a home is one of the largest financial transactions in your lifetime, it’s can be so easy so do your research so you know what you’re doing.
Some important things to remember no matter where you are on the road to home ownership:
- you can and should understand everything that is happening in the whole home buying process. Really there is nothing that is so complex that it can’t be easily explained. Just because you don’t apply for a thirty year mortgage once a week doesn’t mean you have to take the first one that comes along. You’ll need to learn some new terms, apply some new concepts and take the time to understand what you’re getting into. It’s not that hard! At some point, and something happens that doesn’t make sense to you, simply ask, no question is a silly one! If it still doesn’t make sense, seek help from someone else you trust like your CPA, or your banker
- in this world of real estate sales, YOU are the most important person in the entire process! It’s easy to think that everyone else carries more weight than you. The agent can talk fast and we usually have an answer, if we don’t I’ll get it for you. Another may not so ask me and I will explain more how it works.
Truth is that you, the buyer, are the one person in the transaction that makes it all happen. If you decide to not buy, the entire process comes to a grinding halt until you are ready!