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Essential Tips for First-time Homebuyers

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  • Essential Tips for First-time Homebuyers

    Narrowing down your big-picture homeownership goals will point you in the right direction. Here are five questions to ask yourself:

    1. What type of home best suits your needs?
    You have several options when purchasing a residential property: a traditional single-family home, a townhouse, a condo, or a multi-family building with two to four units.

    2. What specific features will your ideal home have?
    While it's good to retain some flexibility in this list, you're making perhaps the biggest purchase of your life, and you deserve to have that purchase fit both your needs and wants as closely as possible.

    3. How much mortgage do you qualify for?
    Before you start shopping, it's important to get an idea of how much a lender will actually be willing to give you to purchase your first home.

    4. How much home can you actually afford?
    On the other hand, sometimes a bank will give you a loan for more house than you really want to pay for.

    5. Who will help you find a home and guide you through the purchase?
    A real estate agent will help you locate homes that meet your needs and are in your price range, then meet with you to view those homes.
    Patrick has built an enviable reputation for a high level of professionalism in real estate sales and service. Cell: 403-464-746

  • #2
    Re: Essential Tips for First-time Homebuyers

    I think all summary is depend on Budget for buying a home.
    Lettings Agents Edinburgh - Property Management Services


    • #3
      Re: Essential Tips for First-time Homebuyers

      I would say budget and stick to it. Dont be tempted to go over budget
      as if say a rate rise comes and your mortgage increases then that can
      cause you trouble financially

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