If you're mulling over the acquisition of your first house, kudos! As you probably know, purchasing real estate is one of the largest financial investments you can make. Its also an experience replete with emotion, and a bit of anxiousness. To assist you with the process, I have taken the liberty of addressing three typical questions that a lot of first-time buyers face.
Question #1: What should I be looking for in a home?
It may seem daunting at first. However, it is a matter of making a list of priorities, that you feel are essential to making your house, your home.
One component is the type of architecture. Would you like a Center Hall Colonial, a Ranch or a contemporary look? A significant element to think about is the square footage. Ideally, whatever you decide upon, should meet your immediate needs as well as, some future needs?
Make a list of amenities that you deem essential to your home. Perhaps the surround sound theater and solarium can be put off for another day, but you may find that two full baths are essential.
Question #2: what would be a good starting point?
The first thing you want to do, is decide what community best meets your needs.
What is it about the venue of your new dwelling that's most crucial to you? Do you favor an urban, suburban or rural setting? Think about how close the house is to work, schools, shopping, entertainment and places of worship. Once you have narrowed down your list of plausible prospects, the Internet is a first-class instrument for seeing what a specific residential area has to offer.
Question #3: What is the best financing vehicle for my needs?
Despite a rise in interest rates in recent months, real estate has rarely been more affordable. Interest rates are still affordable. Creative funding programs are available to accommodate a full range of requirements.
Looking for the advice of a real estate professional who can give you the essential facts on financing alternatives, that meet your qualifications, is a major move in the proper direction.
When you have narrowed down your list, speak to a real estate professional that specializes in the residential area you’d like to call home. ERA® associates are trained to guide you through your purchase every step of the way. Our Web site, ERA.com, reaches around the globe to bring up-to-date listings directly to you. ERA Mortgage offers up financing programs explicitly created to accommodate the requirements of qualified first-time homebuyers.
The road to locating your first abode is sure to be full of bends and twists. When you are fortified with the answers to the major questions, the research can be satisfying, and even amusing!
For more information and assistance with your home purchase or sale, call William Collins at 908-531-4979 0r 908-490-2036.