7 TIPS FOR FIRST-TIME HOME BUYERS

IF YOU ARE THINKING OF BUYING YOUR FIRST HOUSE

READ THESE IMPORTANT TIPS FOR FIRST TIME HOME BUYERS

TIP #1: SPEAK TO A REALTOR ABOUT GETTING A FREE "CMA"

THIS FREE RESOURCE OFFERED BY REALTORS WILL HELP YOU

TO GAIN A BETTER UNDERSTANDING OF SELLING PRICES

FOR COMPARABLE HOMES IN YOUR AREA

TIP#2: TARGET YOUR PRICE RANGE

USING A MORTGAGE CALCULATOR OR SPEAKING DIRECTLY TO A MORTGAGE BROKER CAN HELP YOU CALCULATE WHAT YOUR PAYMENTS WOULD BE LIKE

TIP#3: FIGURE OUT WHAT YOUR MONTHLY HOUSING COST WILL BE

INCLUDE ALL TAXES AND HOMEOWNERS INSURANCE,

GET A BETTER IDEA OF THE MAXIMUM AMOUNT YOU SHOULD SPEND

TIP#4: FIND OUT WHAT YOUR CLOSING COSTS WILL BE

THE COST OF SETTLING ON YOUR HOME SHOULDNT BE FORGOTTEN

CLOSING COSTS INCLUDE FEES CHARGED BY LENDERS, TITLE,

SETTLEMENT, TAXES, AND PREPAID ITEMS SUCH AS

HOMEOWNERS INSURANCE OR HOMEOWNERS ASSOCIATION FEES

TIP#5: DETERMINE HOW A HOUSE FITS INTO YOUR BUDGET

TIP#6: TALK TO A REALTOR ABOUT THE CURRENT REAL ESTATE MARKET

TIP#7: CONSIDER ALL ANGLES OF HOME BUYING

WHILE BUYING A HOME MAY BE ONE OF THE BIGGEST INVESTMENTS,

IT CAN ALSO TURN OUT TO BE A COSTLY ONE.

BE SURE TO HAVE THE PROPERTY INSPECTED THOROUGHLY

BEFORE PURCHASING, AS WELL AS SPEAKING TO YOUR REALTOR

ABOUT ALL YOUR OPTIONS WHEN IT COMES TO BUYING OR SELLING

IN TODAYS MARKET

FOR MORE TIPS AND INFORMATION LIKE THIS, CHECK BACK WEEKLY!
CALL OUR OFFICE TODAY FOR ALL YOUR REAL ESTATE NEEDS
718-408-1499