Ten Rules to Follow When Buying a Home
Make a commitment. Commit yourself to your new home for at least a couple of years before making your next move.
Money matters. If youíre considering a mortgage, shore up your credit and get a copy of your credit report.
Get pre-approved. Save yourself the time and grief of looking at houses you canít afford.
|4.||Determine how large your mortgage can be. Explore different loan options to determine what is best for you.|
|5.||Decide what (and where) you want to buy. Prioritize your needs (i.e., location, schools, amenities).|
|6.||Consider your re-sale value. Even if you donít have school-aged kids, a strong school district is a good thing.|
|7.||Do your homework. Bid based on sales trends of similar homes in the neighborhood.|
|8.||Calculate the hidden costs. Property taxes, insurance, maintenance and association fees can impact your wallet over time.|
|9.||Don't be house poor. Double and triple check to be sure you haven't maxed yourself out on the cost of your home and left nothing for maintenance, etc.|
|10.||Get help. Hire a REALTORģ to get the most for your money. It pays to have someone looking out for your interests.|