Homeownership is a desire for most people today as it has been for centuries.
Homeownership is rooted in tradition and deep-set family values. The intense emotion associated with buying a home is still one of life’s greatest enjoyments.
Here are some things to consider if you’re thinking of buying a home for the first time.
Closing costs and future expenses come with any property so be sure you can afford more than just the amount you’ll be putting down for a home. Experts suggest having 1-3% of the purchase price in savings to cover any additional fees, improvements or unexpected expenses that may arise.
For starters, work with the seller or builder to determine repairs and improvements; a thorough inspection will help this process along. Once you know the cost of repairs and improvements, you can budget the necessary funds many months in advance.
Allow me to walk you through each step of the buying process: from getting preapproved for the loan to avoiding the pitfalls of first time buying.