Real Estate Reference Before you buy a house – Top 10 tips
Sunday 25 February
Farmington Houses SCWMLS flat fee Home · Login · Site Map  

Real Estate Terms
Real Estate Terms Full List
Search Real Estate Terms
Real Estate Articles
Search Real Estate Articles
Login
     
  by Stuart Simpson

print article · comment on article

 
  previous page 1 of 3 next  
     
  1. Pre-qualify for a mortgage. Now you know how much house you can afford before you start looking. This will narrow your search and keep you “real” and not disappointed on houses you can’t afford.

2. Find a good neighborhood. Know the school district and is it a good one if you have kids attending. Is shopping convenient? Is the area growing and can you look forward to appreciation on your house? What’s the area like? Are you next to vacant land that could be a freeway or a new mall in your backyard?

3. Log. Log your visits to potential houses. Sounds silly, but after you look at several, it can get confusing later on. Write down advantages and disadvantages of each house. Even draw a simple layout sketch to refresh your memory.

4. Money. How much more is your house going to cost than just your house payment? Taxes and Insurance. And if you are new home buyer and don’t have a huge down payment (20%) then add in mortgage insurance. Required by the government. Check with your mortgage company. They can give you the rate. Realtors sometimes forget to tell you these added costs. This will be your real payment. You also have to look at utilities. And certainly it would be hard to move into a house without repainting or wallpapering or something.

5. Shop till you drop. Don’t stop at the 3rd house and say that’s it and pick one. You should look at a bunch of homes to get a good comparison. And you’ll remember number 3 above. You should look at 15 homes at least as an average guideline.
 
     
  previous 1·2·3 next  
 
FSBO Website Design copyright ©2004 - 2018 David B. Zwiefelhofer. Copyright of articles held by their authors unless otherwise noted. All rights reserved.  

 Other Real Estate Sites: Page Not Found on For Sale By Owner New Mexico