Once the decision to
buy a home has been made, take the time to prepare before you go on your
home search. Yes, it is very tempting to rush out and actually look at
houses, but to do so without full preparation can be both disastrous and
expensive. You will find that "house hunting" is down on the list.
Get your financial
affairs in order first! I can't stress this enough! It will save you an
enormous amount of time, aggravation and heartache.
Determine what your
budget will comfortably allow and stick to it. Don't spend yourself into
a "house poor" situation.
preapproved for a
mortgage. This will not only give you a clear
idea of how much a lender will approve for you, it will
make your home buying
process a great deal easier (and save a lot of time later). We can also tell you about lenders we work with and
(There are a lot of lenders out here, not all created equal)
Get familiar with
the different housing types available to narrow your search.
minimum requirements as well as any desired additional features that you
need or want.
Take notes of any
items that you do or don't want in a house.
desired location (schools, work, public transportation, etc.) In
the city? Surrounding suburbs?
with the mortgage process.
As you are looking,
use a scorecard to compare homes. A scorecard is a great tool when it comes
time for comparisons and for remembering which home had which features.
When you find
something you like, we can pull recent comparables and researches the
property. This way you know the true value and what an appropriate offer
Information & Books on Taxes & Form 1031
to defer the payment of capital gains.
Information & Books on
Investing in Real Estate
Linda Timco Real
Let me help you find your "Dream Home"
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