04/19/2019
It’s Friday and I have some tips for YOU☝🏻 when it’s your first time buying a CASA 🏡 🤓.....
Top tips for first-time home buyers
To help you demystify the process and get the most out of the purchase, we'll examine what you'll need to consider before you buy, what you can expect from the buying process itself, and some handy tips to make life easier after you purchase your first home
Here are five questions to ask yourself:
1.What specific features will your ideal home have? While it's good to retain some flexibility in this list, you're making perhaps the biggest purchase of your life, and you deserve to have that purchase fit both your needs and wants as closely as possible. Your list should include basic desires, like neighborhood and size, all the way down to smaller details like bathroom layout and a kitchen that comes with trustworthy appliances.
2.How much mortgage do you qualify for? Before you start shopping, it's important to get an idea of how much a lender will actually be willing to give you to purchase your first home. You may think you can afford a $300,000 place, but lenders may think you're only good for $200,000 depending on factors like how much other debt you have, your monthly income and how long you've been at your current job.
3. How much home can you actually afford? On the other hand, sometimes a bank will give you a loan for more house than you really want to pay for. Just like with the purchase of a new car, you'll want to look at the house's total cost, not just the monthly payment. Of course, looking at the monthly payment is also important, along with how much down payment you can afford, how high the property taxes are in your chosen neighborhood, how much homeowners insurance will cost, how much you anticipate spending to maintain or improve the house, and how much your closing costs will be.
If you’re having trouble with a starting point always feel free to reach out for answers😃..... Happy Friday First-time buyers 👋....
Is that INSPIRATION project on the table? 👀 🤷🏻♂️
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