10 Things to Consider Before Buying a Home
10 Things To Consider Before Buying a Home You might be ready to buy a home, but are you armed with the knowledge you need? Here are the top 10 things you need to know when buying a home. Strengthen your credit score Don't buy if you can't stay put. you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. One old rule still applies: The higher your credit score, the lower your down payment and monthly payments. If IL I Location! Determine How Much Home You Can Afford. buy housing that runs about two-and-one-half times Know where you want to be. Think about your lifestyle – how it is now and how it might be in 5 – 10 years. Take a drive and see the homes meet your criteria and see it for yourself. your annual salary. Get as much information on your desired home as you can. Ask your agent to do a Comparative Market Analysis for you. Before house hunting, get pre-approved. Save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you find the right house. Get professional help Hire a home Have a back inspector up plan Look for someone who will have your interests at heart and can help you at finding your home. Inspectors need to find everything wrong with the house. Have a back up home. There are a number of things that can happen. SOLD Resources: http://money.cnn.com/magazines/moneymag/money101/lesson8/ http://financialplan.about.com/od/realestatemortgages/a/BuyingaHome.htm http://www.bankrate.com/finance/mortgages/6-must-dos-before-buying-a-home-1.aspx http://homes.yahoo.com/news/10-things-buyers-know-purchasing-home-190441326.html %24 %24 %24
10 Things to Consider Before Buying a Home
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