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How To Buy Your First House

Buyers Guideline when purchasing a home.

Additional Info will include steps in purchasing a home in Florida.


Guideline: Use the home buyer checklist below to prevent errors and to stay on track: 

·        Get pre-approved for a mortgage, look into credit report, FICO score, type of mortgage, shop for best rates, and programs. Determine your wants and needs: style of home, size, price, location

·        Seek out a Sales Associate. Compare the services of different agents and look for good personal chemistry

·        Check out the neighborhoods, schools, crime rate, traffic, zoning, and work commutes

·        Rely on your Sales Associate’s expertise and in-company resources.

·        Check the Web for helpful information

·        Do your research and evaluate each property of interest

·        Visit or have your agent visit the town or city hall to learn of any zoning changes, liens, easements, or other restrictions.

·        Be informed and your Sale Associate will prepare your offer and apply his/her trained negotiating skills during the buying process

·        Get your Sales Associate to prepare a property value study. Ask the seller if there are any other offers and ascertain his motivation for selling, deadlines, etc.

·        Hire a certified inspector to conduct a home inspection and any other specific inspections

·        To prevent surprises and disappointments after you move into your new home, use then inspection period written into your contract to fullest advantage by hiring a home inspector to thoroughly examine the home you want to buy.

·        Beware of the final negotiating factors that may benefit you in the purchase of the home.

·        Use the inspection report to re-negotiate, if necessary.

·        To prevent surprises after the fact, your agent will schedule a walk-through of the property before the actual closing (usually an hour or two before). Together, you and your agent will re-examine the home to (1)  see that request repairs have been made, (2) to determine if there are any changes or new damage since the home inspection, and (3) see that all of the sellers belongings have been removed from the premises as agreed. Once your walk-through has been completed, you can sit at the closing table with less worry knowing that your home is ready and waiting for you.

You many find that you need to add some steps, based on your special situation, toc reate a customized home buying checklist for yourself. However, this should serve as a helpful guide as you start on the road to purchasing your dream home.


Renting VsBuying

Its betterto buy a home than to rent one in most cases.  But not in every case. Comparing buying to renting is actually a fairly complicated endeavor. However there are a few easy guidelines you can use to aid you in your decision. Buying a home is usually more beneficial than renting except when:

·       You intend to move within a few years

·       Your rent is very low

·       You are new to the area