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Dave's Listings
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Build a Plan of Action and Get Ready
Buying a home will probably rank as
one of the biggest personal investments one can make. Being organized and in
control will contribute significantly to getting the best home deal possible
with the least amount of stress. Is important to anticipate the steps required
to successfully achieve your housing goal and to build a plan of action that
gets you there.
Before you can build a plan of action, take the time to lay the groundwork for
your decision-making process.
First, ask yourself how much can you afford to pay for a home. If you're not
sure on the price range, find a lender and get preapproved. Preapproval will let
you know how much you can afford so that you can look for homes in your price
range. Getting pre-approved helps you to alleviate some of the anxieties that
come with home buying. You know exactly what you qualify for and at what rate,
you know how large your monthly mortgage payments will be, and you know how much
you will have for a down payment. Once you are pre-approved, you avoid the
frustration of finding homes that you think are perfect, but are not in your
price range.
Second, ask yourself where you want to live and what is the best location for
you and/or your family. Things to consider:
*convenience for all family members
*proximity to work, school
*crime rate of neighborhood
*local transportation
*types of homes in neighborhood, for example condos, town homes, co-ops, newly
constructed homes etc.
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