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SaveMORE Loan » Blog Archive » First time buying a house?

August 31, 2007

First time buying a house?

by @ 1:51 pm. Filed under Buying

What are the advantages of being a homeowner?

 

Personal freedom, value and tax advantages are some of the top reasons why people own their homes.

 

Link to Why Buy a Home (ours)

 

Where should I start my search?

 

On the information superhighway, of course. Check out asking prices (to compare later to selling prices), take virtual tours, look at crime statistics for neighborhoods. Compare features so that you can discuss your “must have” list with your agent.

 

How long will the search for my dream house take?

 

If you have a good agent who’s been thoroughly briefed on your needs, you may find your perfect house within a couple of weeks. If your idea of heaven does not include a Sunday afternoon of house hunting, ask your agent to preview home before showing them to you.

 

Have a carbohydrate-rich, sugar-free meal before you go house hunting, and bring your digital camera. Take a picture of the home address first at each house to avoid confusion. Take notes on every detail. They will add meaning to the photos. Grade each house A through F.

 

How many houses should I look at in one day?

 

Somewhere between 3 and 7, unless you are on a very tight deadline. When you find one that seems perfect, make an offer as soon as possible. You can always include an “out” clause.

 

Identify the semifinalists

 

Narrow the field to three, and go over them top to bottom. Have your agent find out as much as possible about the seller’s circumstances. Remember that your agent is legally required to show you any defects.

 

What are you waiting for? Pick the winner and make an offer the seller can take seriously.

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