Purchasing a home can be
exciting and at the same time, nerve-racking due to the many complications that
arise related to prices, closing costs,
area, property type, etc. But we are going to share some first time buyer tips
that will not only make things easier but will also make the whole home
searching/buying experience a positive one.
1.
First determine the type of property you are
looking for – if space is of importance to you, then a single family home is
the perfect choice. However, if extra amenities take precedence over space,
then a condo or townhouse could be an option that would be perfect for you.
2.
Before you decide on a home, it’s important to
check out the neighborhood especially if you have kids. Checking out the
neighborhood schools, parks along with the traffic should be a must in your
list before finalizing on a home.
3.
A house does not come cheap – which is why it’s
important that you start to save up cash for down payment. Remember, the larger
you put down in down payment could help you to score a lower interest rate.
4.
Also, keep a check on your credit and make sure
that your credit score is high, since a higher credit score could mean lower
interest rates.
5.
One thing to keep in mind is that you need to
keep aside some cash for the closing
costs that have to be paid at the time of the closing. If you don’t want to
spend that money paying closing costs, then you can look for home loans with low closing costs.
6.
If you find that you are unable to afford paying
down payment along with the closing costs, then explore the different home loans with low closing costs programs
that are out there to assist you and help you to save as much money as
possible.
7.
Last but certainly not the least; we suggest
that you set aside a few hundred dollars to be used once you finally move in to
your new home. This cash can be used to purchase new furniture, appliances,
paint, fixtures or any other touches that you want once you move in.
Joan G Zaldivar with his 20+
years of combined experience as Real Estate Agent and as Senior Home Loan
Specialist is a wealth of knowledge plus helping buyers or sellers with home
loans with low closing cost and finding best home loans with low closing cost programs that best fit their needs and requirements. Through his
articles, you will get to learn several tips and tricks that can help you to
save big on your home purchase, along with the different home loans with low
closing cost options that are available to homeowners.
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