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Q: I am thinking of buying a home and wondering what steps should I take first?


By Roxanne Johnson

Wed, Apr 11th, 2012
Posted in All Ask the Expert

RE/MAX Select Properties

888-839-2142 • roxanne@harmonytel.netwww.remax-selectproperties.com

A:
The decision to purchase a home is based on both tangible and intangible factors and is highly personal to each person, based on needs and wants. The following is a list of consideration.

• What are your personal preferences regarding the type of house you would like? How many bedrooms, living space, garage, yard space, and location best fits your needs.

• How long do you expect to live in the home you purchase?

• What can you afford to pay each month for housing related expenses? This should include: mortgage payments, property taxes, homeowners insurance, & monthly utilities.

• What additional expenses will you incur in moving expenses and deposits?

• Credit scores and cash are two big factors when deciding which loan program fits your needs.

• Do you have money for a down payment and closing expense or do you need to purchase zero down?

After your personal assessment, contact a Realtor to guide you in your home purchase. Look for an agent that is certified as an ABR (Accredited Buyer Representative) or CRS (Certified Residential Specialist). As your agent we can answer all questions regarding Home Inspections, Financing Conditions, purchasing with or without a down payment programs, formulating an offer. We can represent you throughout the process right up to closing on your new home.

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