10 Steps to Buying a Home
When you decide to make an investment, build equity and truly live in a place you can call your own, home ownership is the way to go!
184 Snow Goose Lane, Sneads Ferry
Renting an apartment, condo or home takes a lot of work out of living. Maintenance staff take care of leaky sinks and broken appliances, and a lawn crew cut the grass every week or so. All in all it is a simple and pretty enjoyable way to live; however, the money you pay in rent is not going towards building anything in your future, personal decorating touches are always limited and you are at the mercy of your landlord.
Owning your own home has the potential to have enormous payoff and even save you money in the long run!
If you are thinking about buying a home, check out this great article from CNN Money on how to take smart steps to prepare for the big change!
10 Steps to Buying a Home
1. Check your credit score and build it up if need be. There is no rush
2. Set your budget. Hint: it is always smartest to live under your means. This frees up more money for emergencies, projects and fun!
3. Set aside cash for a downpayment and closing costs. Hint: set aside more than you think you will need!
4. Find an agent. Hint: even if you are just starting to browse, working with an expert in the area who knows the criteria you are looking for can save you so much time, stress and money!
5. Search for a home. Hint: there is no price too high for the perfect location! Location is everything!
6. Make an offer. Consult your agent on the best asking price to make sure you get the home of your dreams!
7. Get the house under contract, and make sure no detail goes overlooked!
8. Secure your loan. Hint: shop around with a few different mortgage companies. They will likely try to outbid the other to win your business. The result benefits you!
9. Do a home inspection. Hint: Don't overlook specialty inspections such as mold or termite. This can save you thousands of dollars or even your life!
10. Close!