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10 Tips When Getting Ready to Buy a Home
TIPS WHEN GETTING READY TO BUY A HOME 10
1. Live in YOUR means even if you qualify for a larger home payment. At the end of the day it’s YOUR responsibility and random cost arise even as a new homeowner
2. If you have kids check the school distict you are moving into, the local programs offered for them, as well as day cares if they are needed
3. Down payment and money to close. Yes you need a down payment which is a percentage of the purchase price but there are many other cost involved that will require extra money to bring to close. Title, escrow, appraisals, inspections, and attorney fees all come into play.
4. How long do you plan to stay in this home? Buying your forever home may take much longer to settle on than a transition or first home.
5. Commuting. This may not seem to be as big of a deal now with many people working remote. In normal times how is work commute, closest train station, and closest highways to avoid long travel times 6. How are you furnishing this new home? Do you have existing items or need to buy everything? This will come into play what you can afford as a down payment.
7. Get an inspection 100% of the time! Yes, even with people you already know getting an inspection prevents the overlooking of many home items needing repair and attention before closing on the deal .
8. Think outside the box. Maybe that green wall isn’t appealing and the carpet looks like it is from the 70’s. Thats ok. You can repaint, recarpet, put in hardwood floor, remodel, etc.
9. Use a realtor!!! These are the hardworking professional to save you a ton of time doing all the legwork for you regarding the above points. Best news about using one to buy a home, it costs you NOTHING!! The seller pays them
10. Maybe the most important - GET PREAPPROVED! This is actually step 1 in the whole process to see what you can afford. No realtor will show a home without one. Make sure to use a highly qualified licensed loan originator.
Jennifer Wlodarek, Senior Loan Originator, Real Estate Resource Home Loans - NMLS# 221264 Cell: 815-922-3179, email: jwlodarek@rrhomeloans.com Facebook: Jennifer Sherlock Wlodarek Mortgage refinance and home loan approvals available 7 days a week
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