Buying a home is an important life decision. Make sure you consider these important tips before you buy:
1. Be mindful of your financial situation.
2. Speak with a lender and explore your options. Understand the different loans, the different programs available and how much money you would need for an initial down payment and closing costs. Know the difference between the Earnest Money Deposit, the down payment to the loan and the closing costs.
3. Provide your agent with a pre-qualification letter. Talk to your agent about your wishes and goals in a property. Set expectations for your price range. Understand the market trends and what type of offers are being accepted.
4. Explore properties within your purchasing power.
5. Tour the neighborhood at different hours to get a feel for the local atmosphere.
6. If you have children now or might in the future, check out the local schools.
7. Check the location of the nearest shopping, such as grocery stores, restaurants, and other stores you already frequent.