Seven Tips for Buying a Home

The top seven things you need to know when buying a home:Don’t buy if you can’t stay put. If your job is going to force you to constantly be on the move, or even relocate, buying a home shouldn’t be on your list of priorities.

Start by shoring up your credit. Make sure your credit history is squeaky clean. You’ll most likely need a mortgage, so why not be able to get the best rate by fixing any problems you have with your credit?

Buy a home you can actually afford. The general rule of thumb is you can afford a house that runs 2.5x your annual salary.

Buy in a district with good schools. Not only will this be huge for resale values, but it will provide any children you have, or plan on having, with a good area to stay and go to school in.

Get professional help. First-timers will be much better off with a professional agent who can guide them through the process. Agents with your best interests at heart will help you immensely in the long-run.

Get pre-approved. This will save you the grief of looking at houses that you cannot afford and it will also put you in a position to make a serious offer when the time is right. Pre-approval is done by a lender and is based on your income, debt, and credit history.

Hire a home inspector. This way, you’ll be aware of any problems that could potentially arise in the near, or distant, future.

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