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What to Keep in Mind While Searching for a Home

By Jynette DeMarco

The home buying process can be very overwhelming. This is especially true if you have never done it before. There are a few things to keep in mind while searching, however that will make your home buying experience more enjoyable and manageable.

  • Put money aside not only for the original down payment, but also what you will be able to put forth in monthly payments, miscellaneous expenses, and closing costs.
  • Be aware of your budget. If you first understand how much you can afford to put towards your new home, you will not waste time searching for houses outside of your price range.
  • Get a pre-approved mortgage. This will help you avoid mishaps while buying a home. Having a pre-approved mortgage will help you narrow your search into a certain price range. Much disappointment can be avoided by this pre-approval as you now know you have the finances to support your purchase.
  • Not overbuying, even if you are qualified to borrow more, is a key step in successful home ownership.
  • Although you want your home search to be specific to what you can afford, you must remember to search widely for the home that best fits your lifestyle. This includes researching things such as public services in the area and the amount of maintenance the house requires.
  • Finally, it is imperative to research the quality of the house by not shortcutting the home inspection process prior to buying.

In order to secure the best house possible, thorough research and not buying at first sight is necessary. By keeping a budget, getting pre-approved for a mortgage, and researching all of your options, you will be sure to find your future home and avoid common mistakes.

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