5 things first-time homebuyers don’t know they should do

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A woman with glasses using a magnifying glass to look at a toy house in her hand

07/18/2014 | Author: Jaime Lee

You’ve decided that your first home should have three bedrooms and a big yard, but what else have you thought about? You may want to check out Fox Business' list of 10 things that most first-time homebuyers don’t consider during their house hunt. Here are the first five: 

Make a checklist and use it. Determine what features are essential to you and refer to your list when viewing properties. Your list may change, but it can be a good starting point.

Consider all expenses. When you're calculating what you can afford, be sure to factor in other expenses like taxes, insurance, commuting costs, and utilities.

Ask for the paperwork. If you’re looking at property in a homeowners association, request a copy of the HOA rules before submitting an offer to see if you’re willing to abide by them.

Research funding sources. You may qualify for homebuyer-assistance programs based on your profession, income, or the property’s location.

Think about resale value. You may appreciate a home’s unique features, but will potential buyers love them when you’re ready to sell?

One of the best decisions you can make you’re ready to buy your first home is to choose a Texas REALTOR®. These professionals have the experience and knowledge to help you reach your real estate goals.

Categories: Buyers, Renters
Tags: buyers, consumers, renters, buying


Comments

Peggy Santmyer on 07/19/2014

Excellent post.  This would make a good handout for agents to include in their Buyer packets.


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