HOME BUYING BASICS

Use these tips to learn home buying basics that will help you make the best decision to move forward.

FINDING THE RIGHT HOME

You are unique, you have desires and needs, hopes and dreams for your new home.  Start by defining your homebuying parameters.

• Location & Neighborhood
• Type of home
• Interior specifications
• Special amenities such as pool or a fireplace
• Condition of the property
• School districts

FIRST TIME HOMEBUYER LIST

• Check the selling prices of comparable homes in your area
• Find out what your total monthly housing cost would be
• Find out how much you’ll likely pay in closing costs
• Look at your budget and determine how a house fits into it
• Talk to a reputable realtor in your area about the real estate climate
• Prepare for the hunt
• Examine your credit and get your paperwork ready
• Find lenders and get approved

WORKING WITH A REAL ESTATE PROFESSIONAL

• Can help you explore your financing options
• Save you time by researching the market on your behalf
• Email your desired requirements to top producing agents in the area
• View homes with you and provide comparative analysis
• Help with expert home inspectors to provide more in-depth analysis
• Provide consultation in relation to your written offer
• Negotiate the best possible price and terms
• Manage and handle all necessary documents
• Keep you fully informed about all activities leading to the transaction closing
• RLG State Realty will help you receive invaluable, comprehensive, high-quality service, and peace of mind throughout the process

HOW TO GET AN AWESOME MORTGAGE

• Think about the amount of down payment you put
• You need a good credit to start, however, some FHA loans can get you a loan with imperfect credit
• Keep some savings in reserve
• Borrow only what you can afford to repay
• Ask about a no-closing-cost mortgage
• Be patient during underwriting – don’t go out there and buy a new car or boat