Home Buyers Handbook How to buy a home in today's market
Posted: Monday, March 28, 2005
by ronny
farinasrealtyservices
Buying a home raises alot of questions.We know because we answer those questions everyday.Through the years we found some basic questions turn up again and again.Yet different buyers have different needs and a constantly changing market place raises new questions.Our goal is to help you get straight answers to your specific questions.To make it easier we've broken it down into three parts:Getting Started,House Hunting,and Buying.
First things first.Ask yourself why do I want to buy a home?
To stop paying rent ? To start building equity?to have a place of your own?To move to a bigger home?.Next list what kind of home you would want and where you would like it to be.Be specific seperate the "must haves" from the "want haves"rate both lists on a scale from 5 (high)to1.
Think of yourself as zeroing in on a target. Going from the general to the specific.Consider area (city,suburban,country)community(north,south,east,west side)neighborhood(older and settled or sparkling new a particular school recreational facilities:and other community services,such as transportation,daycare,library,stores,entertainment).Ask yourself how many minutes your wiling to commute to work.
Think about house styles(1 story,2 story,townhouses,condominium,etc.)How much space do you need,and how much wil you need in the foreseeable future(number of bedrooms,baths,kind of kitchen,total rooms)?
Consider size and kind of property.Do you want a new home or an older one to fix up? Is the community a good one for resale? Someday you or your heirs will want to sell.Consider how long you will expect to live in a home.Keep going with whatever you want to add.Knowing exactly what you think you want makes house hunting and later decisions easier when you get into the nitty-gritty aspects of buying.Many people like to start a "house-hunter's notebook"to keep their requirements clearly in mind and to compare to specific properties.You'll find that as you return to your original thinking that your preferences become clearer.-and your search becomes more effecient.
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