Max Price:
Min Price:
Min SQFT:
Bedrooms:
Min Baths:
Property Quick Search
Choose a City

Welcome to karendouglasrealty.com

 

Buying a Home

Top 10 things you need to know when buying a home.

  1. Don’t buy if you cannot commit to remaining in your home for at least 3 to 5 years.
  2. Shore up your credit. Get a copy of your credit report and make sure your credit history is as clean as possible.
  3. Aim for a home you can afford. The rule of thumb is that you can buy a home that is about 2 ½ times your annual salary.
  4. If you cannot put down 20%, you may still qualify for a loan. FHA and some new conventional programs will qualify you with as little as 3 ½% down.
  5. Buy in a district with good schools. Why? Resale value.
  6. Choose carefully between points and rate. Points save you when you plan to live in the home for five years or less. A lower rate will save you more in the long run.
  7. Before house hunting, get pre-approved for a mortgage. This will put you in a better position to make a serious offer when you find the right property.
  8. Do your homework before making an offer. Look for similar homes that have sold and closed within the last three months.
  9. Get professional help. Hire us. Most buyers are better off using a professional for searching for properties, preparing paperwork and assisting in the bidding process.
  10. Hire a home inspector. An inspection is as much an education on your new home, as it is an inspection for potential problems.