1. What type of home best suits your needs?
You have several options when purchasing a residential property: a traditional single-family home, a townhouse, a condo, or a multi-family building with two to four units.
2. 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.
3. 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.
4. 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.
5. Who will help you find a home and guide you through the purchase?
A real estate agent will help you locate homes that meet your needs and are in your price range, then meet with you to view those homes.
2 posts • Page 1 of 1
Home-buying is indeed one of the most crucial decisions in one's life. Thanks for all these tips. When buying a house, one should consider a few important things (as what your post suggests) before finally saying that you're buying your dream house.
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