Ready for Home Ownership?
Homeownership Has it's Benefits
Homeownership has some benefits you may not be aware of. Did you know that homeowners and their children tend to be happier and healthier than non-owners? A few reasons may be the wealth building affect of homeownership ,the sense of stability, and control it brings. Research shows that homeowners have a lower instance of crime. Also, because of equity over time many homeowners tend to accrue more wealth and save money.
6 Things you should know on your adventure to home ownership.
Realtor
This service is usually FREE to buyers. So take advantage of bieng represented especially when buying new construction. Always go with your Realtor on the first visit.
Lender
There is no cost to get pre approved for a loan. Getting pre-approved is always the first step of the process. A lender can even tell you what to do if you would like to plan ahead.
Down Payment
You should save about 3%-20% of the purchase price for your down payment unless you are a Veteran using a VA loan or a first time homebuyer using a downpayment assistant program.
Closing Costs
In addition to your down payment there are Closing costs which are the fees for the process of buying the home. Expect 3-6% of the purchase price. There are some loan programs that help with this but not every situation qualifies.
Online Value Estimator
Use these estimates as ranges. I will happily provide you with a custom up to date report with a more accurate estimate.
Realistic Expectations
Before we view homes lets talk about your criteria and what to expect. This will help the process as we minimize surprises and know what to expect.