Home-buying Guide



Buying a house is a significant financial and emotional investment. It takes maturity, both financial and mental. Unlike renting, you can’t escape an undesirable property with 30-60 days notice if you are dissatisfied. Here are some tips to make sure that you are prepared for a commitment of that magnitude.

Here are 5 tips to prepare you to go house-hunting:

Get your finances in order

Get a full picture of your credit by obtaining your credit report and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house. Many sellers will not even entertain offers from buyers who are not pre-approved.

Find a house you can afford

Other than your lender’s pre-approval, there are a number of online tools and calculators that can help you understand what you can afford. However, don’t forget, too, that there other considerations beyond the price, including property taxes, energy costs, and your daily expenses.

Hire a professional

Recruit a buyer’s agent, who will have your interests at heart (as required by law) and can help you with strategies during the bidding process.

Do your homework

Before making a bid, do some research. Come up with an asking price that’s competitive, and realistic. You don’t want to kill off negotiations with a low-ball offer anymore than you want to over-pay for a property that is not worth it.

Think long term

While you shouldn’t buy with the expectation that you will sell soon, you should also want to be in an area where you can maintain if not increase your property values. One of the ways you can accomplish that is by buying in a neighborhood with good schools and other desirable amenities.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: