Are you thinking of buying a home? Most of us do at some point in our lives, but hesitate to make that first big step. If you are contemplating “making that move,” here are a few tips on what to do, and what not to do:
1. Do not hold back on your down payment. A lot of Important information is determined directly by
the amount of money you have to put down on a home. Your interest rate and your monthly payment can both be reduced by the size of your down
payment.
2. Do call your local Real Estate professional and be open and
honest about your intentions. Let him or her know up front, about your down payment and credit status. This will help the agent and lender to select the best home, and financing plan to suit your needs.
3. Do not become suspect by being misleading, or by misrepresenting your ability to buy. The time it takes the Agent to figure this out is a complete waste of his or her time, as well as yours.
4. Do be honest about your
credit history. This will aid the agent in directing you to an appropriate lender to handle your particular financing need.
5. Do not dress to impress, and take
a grand tour of a $100.000 home, when you know that a $50,000 home is more within your means.
6. Do give the Agent a general idea of the size and location of the
home you have in mind. Again, this
will reduce wasted time. If given this
information beforehand, the agent can select only those houses within your budget and preferred locality to show you.
Do Not—let friends, relatives, or even the Agent influence your final decisions. If the home is too small, doesn’t suit your personality, or whatever the reason…”Don’t Buy It!”
And finally.
Do let the Agent guide you to the appropriately-priced home for your income. Also, listen to any and all disclosures about the home. However, always let your financial decision be just that…”Your” final decisions. Remember, the Agent can sell another home tomorrow,..however you can’t buy another one in that timeframe.
Sandra Brown Hill is a Real Estate Agent with Darity Realty, 3370 Vineville Avenue, Macon, Georgia (912) 477-9483