Real Estate

5 Important Considerations for Home Buyers!

Almost, most of us consider owning a home to be an important component in the so-called American Dream, unless / until potential home buyers proceed in a more prepared and better manner. – informed, so, instead of being, a dream, it can turn into a nightmare! After more than 15 years as a licensed real estate seller in New York State, I have come to firmly believe that the more prepared and informed the individual is, the happier the experience will be. With that in mind, this article will briefly attempt to consider, examine, review, and discuss 5 key and important considerations that wise people are prepared to move on with.

1. Financing – mortgage; initial payment; etc: Few qualified potential buyers pay enough attention to better understand more about financing possibilities, especially knowing the differences between different types of mortgages and possibilities! Some of these differences include: the term of the loan; if the points are necessary; how much the down payment should be, for each type of loan; and be prepared for all the foreseeable costs of home ownership, as well as, prepare for the many contingencies associated with home ownership.

2. Inspection / Home Engineer: Never underestimate the importance of using the right, well-qualified home engineer and / or inspector! This will inform one of the possible areas of concern, knowledge, the odds, and both, the potential strengths and weaknesses of the house. Add those anticipated costs to the purchase price to find out what your expenses really are!

3. Personal and / or personalized needs: Each of us are individuals, so it is important to start with a thorough and objective introspection (a check-up, from the neck up), so that you better understand and consider what your personal needs may be, in living, in any house! Most are only capable of making a house, their home, when they identify and satisfy these personal and personalized needs.

Four. Area / neighborhood: What do you look for and want in the region, neighborhood, area, and specific block / location where you reside? Classify, personally, how important, items such as: convenience for transportation; school quality; environmental issues; nature; security, shopping, etc., and be sure to select the location that will appeal to you.

5. The specific house and property: What specific characteristics are you looking for in a specific home and property? Looking for a large property, or one that is easier and less expensive to maintain, etc.? Start with two lists: your homework; and your wish list!

The better prepared, one, begins the home: search / hunt, process, the happier, probably, it will become! Will you commit to being a smarter home buyer?

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