What To Consider When Buying Your First Home

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What To Consider When Buying Your First Home

Now that you are ready to purchase your first home, it is time to prepare for the process. Home buying should never be something that is done on the “spur of the moment.” However, purchasing your first home does not have to be a long process either.
Preparing for purchasing your first home can make the entire process much simpler and allow you to find a home that meets all of your needs at an affordable price. There are five important points that you should consider before purchasing your first home.

Are You Prequalified For A Mortgage?
One of the best things that you can do before you begin looking for your first home is to get prequalified for your mortgage. Prequalifying for a loan not only gives you an amount to use when looking for a home, but it also gives you an advantage when making an offer on a home. Prequalified candidates are more likely to have their offers accepted because the seller knows that the buyer is serious about purchasing the home. Contact Elizabeth Bos today so she can introduce you to few great mortgage professionals and get the process started.

Do You Have A List Of Amenities You Want In Your New Home?
Make a list of things that you feel you absolutely must-have in your home. This will help you refine your search. For instance, if having a two-car garage is essential, you can eliminate all potential homes with only a single car garage from your search. Knowing what you really want in a home helps you pick the right home to meet your needs.

Have You Selected An Area To Live?
Is there an area that you prefer to live in, or are you open to the area and just want the perfect home? If you are more concerned about the home than the area, make sure that you take the following into account: Distance to your work, distance from friends and family, distance to your favorite venues of entertainment. The perfect home that is a two-hour drive to work may not be very perfect after making that drive every day for a few months.

Have You Found A Reputable Home Inspection Service?
Once you find the right home, it is important that you have it inspected. The last thing that you want is to purchase a home that is going to need serious repairs that you were unaware of prior to purchase. Your home inspector should hold certifications that will allow them to check the integrity of the roof, foundation, electrical, and plumbing of the home. You also want the home checked for pest issues and mold infestations. All of these issues could lead to serious costs to the homeowner in the future.

Have You Found A Skilled Realtor?
One of the best ways to purchase your first home is by relying on the expertise and services of a skilled realtor. A realtor brings many benefits to the buying process and will always have your best interests in mind.

For more tips on purchasing your first home, contact Elizabeth Bos at Remax Destiny. Elizabeth Bos is an experienced realtor that provides services to home buyers, sellers and investors throughout the Chicagoland area.