Preparing To Buy A Home
13 Common Sense Principles
For most people, purchasing a home is "the single largest financial transaction of a lifetime". To insure success, it is important that home shoppers adopt a buying strategy based upon sound principles and common sense. Plunging into the process without a plan, is sure to cost you in the end. The following are proven, seemingly obvious, common sense principles that many home shoppers were forced to learn "the hard way".
Interview and select an experienced, qualified Realtor with whom to work.
Obtain a mortgage pre-approval from a lender.
It's FREE and you are under no obligation.
Defining your needs, goals and deadlines BEFORE shopping for houses.
Select the community first. Shop for houses only after you are certain that the community's amenities, schools, commuting time, etc. meet your family's needs.
Understand how homes are bought & sold in the current real estate market.
Know the "right" questions to ask when shopping for a home.
Understand mortgage financing and learn how to evaluate which loan is best for you.
Know ALL of the costs associated with the purchase of a home.
Stay with one agent as your primary representative.
Select an attorney BEFORE you have an accepted offer on a specific property.
Have a plan of how & when you'll be moving (Plan A) ...
and a back-up plan in case thing don't work out (Plan B).
There's no time like the present.
PRINCIPLE #13: - The Tip Of All Tips
Buying a home is absolutely NOT an investment decision.
It is a quality of life decision.
© Copyright 2007 Bill Boeckelman Publications