Posts in category 'Buying A House'
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Don't be Shocked by the Hidden Costs of Buying a House
Make sure your budget is big enough to handle these expenses.
Buying a house is more than signing the mortgage papers and making the monthly payments. As you go through the process of reviewing properties with your REALTOR®, don't forget to discuss the "hidden" costs of owning the home. These costs can add up quickly and surprise you if you are not prepared for them. Fortunately, most of these hidden costs can come to light by investing just a little time to do your research and contacting an experienced REALTOR® for advice and assistance in purchasing your next home.
Closing costs and fees can add up quickly and represent between two to five percent of the total price of a home. Fortunately, your REALTOR® can clearly explain these fees and answer any questions before you sign the mortgage paperwork. This is why it is imperative to work with a real esate agent who can carefully step you through the process so that you know precisely what you are paying, and how much it is costing.
13
3 Tips for Buying a House That Is Right for You
How to Buy a House That's Right for You
"This one's too large. This one's too small. This one's nice, but it doesn't have a pool." It's perfectly normal to feel a little bit like Goldilocks when you are buying a house. While it can be tempting to pounce on a deal or settle for less than you really want, it's wise to be patient and wait until you find a home that "feels just right." Here are tips from our REALTORS® at Wright-Patt Realty, Inc. to help you make your home buying decision.
1. Start by Making a List
The first thing you should do when you are buying a house is to make two lists. The first list should include the things that you need such as the number of bedrooms, square footage, special needs accommodations, proximity to schools, distance from work, etc. Your second list should include the things that you want--a hot tub, skylights, established landscaping, etc.
Separating your needs from your wants will help you filter properties and narrow your home search. As you review listings, give greatest consideration to the homes that satisfy your needs. Remember, many of the things you want the home to feature can be added down the road.