Any advice for a first time home buyer? - first home advice
What am I supposed to look?
I have not bought anything, so I need advice. If my husband and I first home. Must have an agent, owner, etc. ..
Special things that I wanted in a home?
Sunday, January 17, 2010
First Home Advice Any Advice For A First Time Home Buyer?
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5 comments:
Google for information. I can have only a limited number of what I learned in 40 years.
1. Get your own agent. Not the agent is the list with the home you plan to buy. It represents the interests of the seller, not you. Since they have no experience, should never be more than one owner.
2. Calculate how much you can pay the mortgage. Do not let a lender tell you what you can afford. That's what all the problems associated with mortgages, where we are today. I can afford a mortgage of $ 160,000, but my bank said in May, you will qualify for a mortgage of 220,000 dollars. FALSE. What you pay is very different from what you qualify for. Their number has not left me room for repairs or improvements or other unexpected expenses.
3. Do whatever you can throw as much debt as possible. Then pre-qualify your loan. In this way you will know what price you should consider an infirmary. Do not waste your time or if the agent examines households can afford.
4. Do not take orN, any debt within 6 months of purchase or after the scheduled pre-qualification. Wait until after closing. Under debt will change your profile, you will probably need an effort of classification, verification of credit, etc.
5. Start now to save money. Plus, you save more favorable to your lender will look at your credit profile. and application of the loan. They are about 5% to 6% of the purchase of FHA and VA loans (3.5% plus an additional need only early repayment of 2.5% to - taxes, insurance, cost of loans, etc..) Classics probably need 20% .
6. Entering Internet and you can find statistics on crime and sex offenders in the area you plan to buy.
7. Visit the area on Friday and Saturday night to see what happens during the "night of celebration." Everyone is at work during the day. You do not want to move in an environment where people are not that loud music can be heard in your home. So he moved from his old neighborhood. 7.00-10.30 mariachi music most nights! Life went downhill.This does not mean that the neighborhood will not change - are you sure.
8. Check the schools if you have children or plan.
9. Get a "Seller Property Declaration. This statement was made by the seller, all known defects in the property. This contributes to an inspection.
10. Do not go with one arm. Always perform beyond their capacity to adapt pay off very often. 15/20/30 year period; is your best option.
11. Define what you want in the house. Housing, beds, # baths, electrical service (200 amps or more - no less), heating and cooling, how much is the electricity bill (available from the utility), etc. I saw 960 m² 3-bed house. The rooms are slightly larger than a walk-in closet. Therefore, make sure you define what you want at home.
Storage space: The size and location that you want a large space plus basement or garage.
Cabinet, counter and cabinet space in the kitchen. You want space and a counter.
Make sure the rooms are large enough for the furniture that they already measure the number of pieces, which we now live and make sure that the parts of the house at least as large or larger.
Power supply: the number, location, type of panel-circuit switch, exposed wiring.
Mold (especially in bathrooms, closets and attic), mold, termites, have been with water mark in the basement or first floor of the house.
Ask at the age of water heater, furnace, a / c in your case, and proof of monthly charges for services and taxes.
Close a school, business or at your workplace, your garden is always full of rubbish, it is full of vehicles and pedestrians who do not want to face.
The remote connection to public transport if it does not go at work, or if you do not.
Want to buy me '; Agent S instead of a buyer agent, so you do not have to pay brokerage fees - are doing the seller. You sign a contract with a broker, but try to work with such good service if not, enter your displeasure offers and find another.
Great importance: Get a good inspector, the house again and make sure that states do not purchase and sale of the house, which covered the handover of control. And most important: Get a fixed rate, which will not be seduced by low initial rate for a variable mortgage - and that is why there are so many shows now.
Over ten times as much attention to the situation (schools, transportation, quality of some houses, crime, parks, etc. ..), what might be tempted a.
Much less attention to something shiny (new carpet, paint, curtains and other things) what we might be tempted a.
Everyone says they do, but I was an agent of 30 years and the truth is that almost everyone falls into that which shines and it costs lots of money on the resale. (where the home work "Mirror" material, so long).
You should probably sit down and discuss what you want in a home
Here you can see the situation, how far the schools are considered, you need a car or public transport nearby?
B'rooms what you want, how you have a garage, what kind of toilets, what about the kitchen? There is a patio, you have to spend much time on the maintenance of the court
You some tips on what to think
and of course the costs can really afford, what do you think?
You can visit, look for signs to advertisements in newspapers and on the Internet
Maybe you can bypass a receiver and a representative (which received at least 6%, but the seller)
1) u need to know how much financial first or both.
2) Search for a real estate agent. You sign anything that sounds like it is her only real estate agent. is difficult. You can export or later. and no other agent will want as a sign of U, that, or another agent.
To decide 3) where u want to live, and what kind of house and neighbor u want.
4) a list of the broker or in a real estate portal. Compare prices and check the situation and the next, without the right provider. replicate some of the properties list and decide what u want to make a first date and the next. You can find inside the house with the realtor. Never let the officer or say that it is better to u. Remember that money. do not worry if the price is higher than the loan offer. can achieve lower prices during the negotiations. Take time to find to the right. even if you take months.
6) If u is a final decision. Time for a real estate lawyer for closing. u should hire a lawyer under the law of real estate EALand the loan officer only if the officer pull a scam u.
Good luck with your future home!
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