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Buying
Tips for First Time Buyers
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Don't
assume you can't afford to purchase a home
Many consumers in their early to mid twenties
often mistakenly assume that they will not be able to afford
a house. Before you renew your lease check with your bank
about home loans.
Enlist
the help of an agent
Get
prequalified for a loan
Stay
realistic when finding your new home
Most first time homeowners do not stay in the same
home over five years. Only search for homes you can afford
to purchase.
Focus
on the value, not the appreciation of a house
Get
a home inspection
Avoid
being overcharged
This is another reason why it is important
to have a real estate agent working for you. Your agent's
experience within the industry will help you determine whether
or not the price asked is reasonable within the true market
value.
Follow your instincts
If you feel you have found the "right home" for
the "right price" purchase it before someone else
does.
Pay attention to details
Check the purchase offer for all the "little things"
in the home that you might assume will still be there once
the house is yours.
Be
patient
Some closings take longer than others but
in the end you will be satisfied with your new home.
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