Charles Burt Realtors Blog

Buying a Home

September 30th, 2015 10:13 AM by

Whether you are a first-time home buyer or experience in buying a home here are a few suggestions!   Almost everyone at one time or another has faced the decision should we buy a home or rent?

Buying a home is not something you should take lightly!  To avoid what Realtors term "Buyer's Remorse" (where potential buyers have made an offer on a home only to later wonder if it was the right decision?), you should be prepared with as much information about the process as possible.  You may think you are ready to become a homeowner, but have you done your research?

You should not commit to buying a home until you are ready!  
1)Do you know your credit score? (it is very easy to find your credit score thanks to the internet.  Three established companies many individuals use are Experian, TransUnion and Equifax.
2)Have you visited with a mortgage lender in order to determine "How Much Home Can I Afford).   
3). After steps 1 and 2 you know your credit score and how much home you can afford.
Now you are prepared for the next process in buying a home, locating available homes within your price range
4)Decide location, school district (even if you do not have school aged children, school districts often help resale your home) number of bedrooms, number of baths, square footage desired in your home.  Decide what features are important in your next home!  
5).  Now you are ready to start your home search.  However, the typical person will start their home search before doing steps 1 through 4.   The internet has made access to homes for sale a much easier process.  Be cautious about looking at homes before you truly know how much home you can afford!  Nothing will make you depressed any quicker than finding that perfect home only to discover it is out of your price range.  An old saying is very appropriate, "Do Not Put The Cart Before the Horse!"
6). Your Realtor will assist you through the home buying process.  One important step is to have a home inspection.  This will allow you to ensure the home is in good condition.

Be sure to check out our mortgage calculators and mortgage saving tips on our website.
Posted by on September 30th, 2015 10:13 AM

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