Buying a Home

Buying a home can be quite a challenge. There a a myriad of things to consider. Where to buy, how much house to buy in terms of square feet, how much in terms of price. How much can you afford on a monthly basis? How much can you put down? And nevermind what you feel comfortabel with- what can you qualify for? You need to consider how long you will be in the new purchase. Will you need more room in the near future? Do you have schoolage children? Then you will need to investigate schools. Is the neighborhood going to appreciate? What kind of construction will be taking place in an around the area? You'll need to decide what amenities are important to you, an dwhich you can live without. Must you have a fireplace, or is it your ultimate goal to relax with your loved one on a bearskin rug reading poetry by the fireplace? Well, in that case- you might really need the fireplace. When it comes time to make the purchase, you'll need to have investigated comparable sales enough to know that you aren't single handedly appreciating the neighborhood. everyone wants to find a bargain. Of course, foreclosures are always a topic when talking about bargains in real estate. It is a tough market to crack, do you have the stomach? Can you stay on top of multiple properties and find which go from Notice of Default to the court steps? Maybe a for sale by owner. You must compete against more professionals in the arena as well. Maybe stick to working with a Realtor and finding a fair deal. When escrow has been opened, you'll need a solid support team to ensure everything goes smoothly. You'll be receiving disclosures from the seller regarding everything and anything. You should know all there is to know about your house when it comes time to close. The escrow company is a neutral third party that holds deposits, instructs the transaction, and ultimately exchanges the funds and coordinates the recording with the title company and the lender.