Google+

10 Easy Tips for First-Time Home Buyers

 

 

10 Easy Tips for First-Time Home Buyers

By Burt Carey

Buying a house for the first time is an exhilarating experience, and knowing which potential pitfalls to avoid will ensure that your elation continues for many years. Here are some tips to help make that happen.

  • Get your finances in order now!

First-Time Home Buyer, Read your contract, buying a house, long term, budgets, great tipsA clean credit report and saving for a big down payment are the two biggest keys to getting the best mortgage terms possible with the least number of extra fees. If you don’t know what your credit score is, you’re already slipping toward an abyss. Order a free copy of your credit report from the site www.AnnualCreditReport.com.

  • Understand the housing market

Wanting to buy a home and actually doing it are wholly different things. In most of the U.S today, there’s a shortage of houses for sale, and what is for sale is rising in price. You will be competing for purchases with people who have home-buying experience. Check with a reputable realtor to figure out a strategy that benefits you.

  • Get your financing pre-approved

Having your credit checked and a good FICO score is a great start. Now your best move is to use those assets and your income to get pre-approved by a mortgage lender. There are lots of mortgage options to choose from. As new home buyers, shopping around and finding the best deal for you will pay huge dividends before you sign a contract. Sellers like to know potential buyers are pre-approved, too.

  • Make a list, check it twice

Get with friends, co-workers and family members to find out the good, the bad and the ugly about their home-buying experiences, and then make a checklist list of everything you want, things you should inspect or items you should ask about while searching for a house. Make it a printable checklist so you have one for each house you see. Buying a house can be an emotional experience. The list keeps you grounded.

  • Think about the long term

If you’re planning to have a family, have relatives move in with you, or any other special arrangements, the houses you look at need to meet all of those needs. Think of your needs five to 10 years from now.

  • Is the house re-sellable?

That’s not a cheeky or flippant question. A house in a good school district will maintain or gain in value where one in a poor school district may not. You should also consider your community’s demographics and look at long-term trends. An urban area with young, upwardly mobile middle-class residents today may not look the same in a decade. You should definitely avoid buying in a neighborhood with a high number of rental properties.

  • What’s your real household budget?

Your monthly household budget doesn’t stop at the mortgage payment. Add to that insurance, interest, taxes, maintenance, utilities and remodeling/upgrades. Even the cost of commuting to work can be a burden if you fail to plan for it now.

  • See beyond a realtor’s fluff

Selling agents are marketing professionals who know how to set up a house for sale. But in their glitzy little staging schemes, you’ll find some peculiarities such as lamps positioned in places where there are no wall sockets. They put the fluff there to make it look appealing. It’s your job to ensure it’s functional, too.

  • Check out homeowners associations

After you buy a house is not the time to discover you’ve moved into a neighborhood with restrictive covenants that prevent you from following your own plan. Homeowners associations have evolved well beyond being arbiters of mere architectural design elements. Get a copy of the HOA bylaws and covenants before making an offer on a house.

  • Read your contract before signing it

There will be an attorney, possibly two, present at the closing meeting. You have hired these people to represent you. Real estate attorneys handle closings multiple times each week. You don’t. Read every document and make sure you understand all terms and conditions before you sign them. Don’t let an attorney or anyone else try to rush you through the process. If you read something you don’t understand, have them explain it to you.

Source:  Baret News

Entertainment

Top Ten DVD List for May 23, 2017

  This Week’s DVD Releases by Kam Williams Top Ten DVD List for May 23, 2017 Get Out                https://www.amazon.com/exec/obidos/ASIN/B06WW76HBM/ref%3dnosim/thslfofire-20 Shake the Dust https://www.amazon.com/exec/obidos/ASIN/B06XRJ27W5/ref%3dnosim/thslfofire-20 My Life as a Zucchini https://www.amazon.com/exec/obidos/ASIN/B06WRTFKRY/ref%3dnosim/thslfofire-20 All Governments … [Read More its Good for You.....]

Books

Rising Star: The Making of Barack Obama

  Rising Star The Making of Barack Obama  by David J. Garrow William Morrow Hardcover, $45.00 1472 pages ISBN: 978-0-06-264183-0 Book Review by Kam Williams “Barack Obama's speech at the 2004 Democratic National Convention instantly catapulted him into the national spotlight and led to his election four years later as America's first African-American president. In this penetrating biography, David J. Garrow delivers an epic work … [Read More its Good for You...]

Art

The Day After the Day Of

  The Day After the Day Of by Paul Ilechko   The sky sheds its tears. This morning is the morning of the day after. The day of mourning, the day after the day of.  I beseech the sky to shed tears in order to wash away the tears on my face.   This is the first day of the time after. This is the beginning of a new time, the days of pain, the days of sorrow. We are in mourning. The sky looks down and sheds its tears for … [Read More its Good For You...]

Real Estate

History Being Sold to the Highest Bidder

  History Being Sold to the Highest Bidder by Amy Lignor   For the longest time, scientists and archaeologists have been confused and bemused by various discoveries they’ve unearthed that offer little or no explanation as to the who, what, and why of the people who created these things or left them behind. Even now, in 2017, there are discoveries being studied; stories that were once legends now have actual bits of proof being found that … [Read More its Good for You.....]

Lifestyle

Stunning Stenberg!

  Amandla Stenberg The “Everything, Everything” Interview with Kam Williams Stunning Stenberg! Amandla Stenberg first gained recognition for her role as Rue in The Hunger Games, alongside Jennifer Lawrence, Liam Hemsworth and Josh Hutcherson. After the success of that film, Amandla earned the 2012 Teen Choice Award with Jennifer for Best Film Chemistry. She was also nominated for NAACP Image and Black Reel Awards for that … [Read More its Good for You...]

Outdoors

Come to Tuna Town for the Best Offshore Fishing

  Come to Tuna Town for the Best Offshore Fishing                        By Craig Lamb Take a short drive south of New Orleans, and you come to the southernmost point in Louisiana. It's Venice and being at the end of the road is just the beginning of your trip for world-class yellowfin tuna fishing at Home Run Fishing Charters & Lodge. The business’ phone number even includes the fish: (504) 909-TUNA. “It’s why everybody wants to … [Read More its Good for You...]

Sports

A Sport Where You Feel the Thrill Without Going to the Extreme

  A Sport Where You Feel the Thrill Without Going to the Extreme by Amy Lignor   There are many sports “fanatics” out there who literally dive head-first into an extreme sport in order to get their adrenaline pumping – taking on a sport that comes hand-in-hand with a monumental amount of risk. But for those who are not interested in being scared to death, yet wish to feel the thrill, data has shown that zip lining has become the … [Read More its Good for You...]

Business

The Hottest Locales for Small Business in the U.S.

  The Hottest Locales for Small Business in the U.S. by Amy Lignor   No, Silicon Valley is not being replaced. However, with the Kauffman Foundation releasing its annual Startup Activity Index last week showing, in detail, trends in U.S. business startups for 2017, it was revealed that California has been booted out of first place. The top spot for new businesses to be built and thrive in the United States has been taken over by the big, … [Read More its Good for You...]

Travel

Once Upon a Time Vacations

  Once Upon a Time Vacations by Amy Lignor   Whether you are a lover of history or you simply have the “Beauty & the Beast” obsession – which, according to movie revenue data, millions all over the world are suffering from – just think how amazing it would be to stay in an actual castle. We already know what the beauty would be from the female perspective, but when it comes to the gentlemen out there, just think about how much … [Read More its Good for You...]

Green Living

Creating the Perfect Vegetable Garden

  Creating the Perfect Vegetable Garden by Amy Lignor   Many are still dealing with that wintery mix Mother Nature just loves to toss down from the sky this time of year. Yet, that gardener living inside the soul – the one just dreaming of the sunny skies and lazy rainy days that are must-haves in order to grow the best vegetables possible – is already jotting down the facts, tricks and tips they need to know in order to make that … [Read More its Good for You...]