First time home buyer “Need to Know” checklist
- Know yourself – what are you looking for? What are your needs? What type of home would fit your current stage of life?
- Know your budget – meat your banker, do your math and know exactly how much you can spend when buying a house. You can use our “How much can I afford” calculator on our Calculators page.
- Know your area – researching your area will help you narrow down the search area. Research the neighborhood, the school district, available parks and amenities etc.
- Know your Realtor - Why should I have a REALTOR by my side?
- Know you monthly payments – after you buy a house your monthly payments will not end with the mortgage. There are property taxes, HOA fees etc. Knowing them will help you do a more financially educated decision.
- Know your system – set up a system to compare properties. Some use paper, some use excel sheets, some use pictures and other visualizing means. Whatever works for you is fine, but you must have a system to compare the properties you see.
- Know it when you see it – if you find the house that fits your needs and budget BUY IT! Don’t wait to the next perfect home, it might not show up
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To read more Real Estate articles and for FREE list of Foreclosure Listings, Free Home Value Estimate, Free Sold Homes Report or to find a place to rent in the North Dallas Metroplex go to our website at: http://www.WisdomTX.com/
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