There’s So Much to Consider
If you approach the home buying process intelligently and with confidence, you are much more likely to buy a house you’ll be proud to call home.
Approaching the task of buying a home can be overwhelming; there’s so much to consider:- How much house can I afford?- How can I find the best loan?- Where will I come up with down payment?- How much down payment will I need?- Should I buy a new or resale home, and which will go up in value?- Should I work with an agent or look at homes on my own? And these questions are just the beginning. Buying a home is one of the largest financial transactions in your lifetime – do your research so you know what you’re doing. Here are the two most important things to remember no matter where you are on the road to home ownership:
There is nothing that is so complex that it can’t be easily explained to anyone with average intelligence. Just because you don’t apply for a thirty year mortgage once a week doesn’t mean you have to take the first one that comes along. You’ll need to learn some new real estate terms, apply some new concepts and take the time to understand what you’re getting into. If, at any point, something happens that doesn’t make sense to you, simply demand a full and complete explanation. If it still doesn’t make sense, seek help from someone you trust like your CPA, your banker, or maybe an online real estate columnist. Research is the key.
You and the Process
It’s easy to think others carry more weight than you. The agent talks fast and always has an answer. The lender may decline the loan application and on and on. But the truth is that you, the buyer, are the one person that makes it all happen. If you decide to not buy, the entire process comes to a halt. So flex your consumer muscle and take command. Surround yourself with a team of professionals you have confidence in and make them work for you. Approach home buying with intelligence and confidence, and by doing your homework and you are more likely to buy a house you’re happy with and to know you made the right decision.