The Single Woman’s Guide to Buying a New Home

THE SINGLE VWOMAN'S GUIDE TO BUYING A NEW HOME Can you buy on your own? Should you? This single woman's guide to buying a new home will help you determine if you are ready. Here is how smárt girls do it. Planning to Buy a Home List all the important issues and activities related to your new purchase. Schedule a time to search for homes. Meet with real estate agents and choose the right agent. Organize your budget and figure out how much home you can afford. Think Safety TY TIPS Buying an estate Drop by the nearest police station and talk with the officers about any in a low crime area existing issues. should be your number Chitchat with people who live in the neighborhood. one priority Check on the Internet for any crime statistics in the area. Drive around the place during night time and see for yourself. Research & Compromise Explore the area, look at available websites, and select a good real estate agency. Ask for advice from people who have already gone through the process. Interview any recommended agent, just because they were a good fit for someone else does not mean they will be for you. Don't hold things up because of high requirements and expectations. Small is Better Do you really THINGS TO CONSIDER With your obligations at work and at home, keeping a huge living space constantly organized would be a challenge. need that much space? Really think about your Smaller houses require less time to clean. Plus, you will pay lower maintenance and utility costs. current situation LESS MAINTENANCE LESS CLEANING LESS UTILITY COSTS Find the One Finding a good real estate agent may be as difficult as meeting your perfect match. Check well established companies with stable reputations. Talk to friends and family for recommendations. Go online and do some searches to determine which agents have a good online presence. Meet with different agents before choosing the one. An experienced professional will help you to go smoothly through all the procedures. Know Your Budget Don't apply CREDIT TIPS Get a free mortgage and credit rating guide. for a loan if you haven't checked Estimate how much your borrowing will cost with the plethora of free online calculators. your credit files Make a checklist of what you need to know before taking any major steps. PITI Principle Every mortgage payment consists of four components I nterest Taxes Based on this criteria the banks determine whether you qualify for a credit and how much you will pay I nsurance The amount of money that you borrowed and that you need to return to the lender. I The amount that the borrower charges you for taking the risk and lending you money. The payments for real estate taxesare spread across the number of mortgage payments throughout the year. I There two type of insurance; property insurance protects your home from theft, fire and other disasters. Meet with your mortgage broker and get a pre-approval letter. This document confirms that you qualify for a certain amount of credit. Know the Unexpected Expenses If you don't want to be Home repairs, upgrades, furniture, and even small extras add up additional expenses to your budget. surprised unpleasantly consider the following things that may Knowing as much as possible gives you the advantage to negotiate the price or to avoid any unpleasant surprises. come up along the way Getting a home inspection is a good idea. Make sure you hire a qualified professional. Approach the issue of home-ownership diligently and with a lot of thought. Your ideal home is somewhere out there, waiting for you to find it. COLDWELL www.SELLINGWARNERROBINS.COM BANKER S (478) 960-8055 (C) / (478) 953-8595 x227 (0) SSK, REALTORS www.COLDWELLBANKERSSK.COM ©ANITA CLARK Source: http://sellingwarnerrobins.com/2014/11/single-womans-guide-to-buying-a-new-home/ %24