Should You Make a Counter-Offer? via @homebidz

This is How To Improve Your Home Buying Process

Searching for homes can be somewhat overwhelming, especially if you are not sure about costs or the area you wish to move to. There are a couple of tips that you can use to help move the home buying process along in a positive direction.

1. First, you have to know what will be affecting the value of the property that you wish to look at. Schools play a major part in property value and this is something that not many house hunters know about. Check out the standings of the schools in the area to see the connection with the value of homes in the area. Neighborhood status is just as important as the schools of the area. If the neighborhood is in a nice area and conveniently located by a hospital, grocery stores, a good school, and other valuable places, then the value will go up. This is good if you are thinking about possibly selling the home later on.

2. Think ahead and get approved by a mortgage lender ahead of time. This is how you can establish the budget for your home. This should be considered separate from all other spending limits dealing with your home search. Once you are pre-approved, you will know exactly what your limits are, and you can make a more informed decision on buying a home.

3. Know your budget before you get started. While it's impossible to know all of the costs that will come about from a house purchase, there are some basic things that you should know. If you're currently paying rent and finding that to be difficult with your current income, you might want to think twice before buying a home. Unlike renting, you will be responsible for house repairs and upkeep if things go wrong. 

As you can see, there are ways that you can aggressively prepare for your home buying adventure. Take your time, get your budget in order, get loan pre-approval, and determine the type of neighborhood where you'd like to live. Before you know it, you'll be living in the home of your dreams!

Latest Posts

The Art of Changing Realtors When You Need to via @homebidz

The Art of Changing Realtors When You Need to

First Time Home Buyers Click Here Finding a realtor can be kind of like dating. There are a ton of them, each with their own set of pros and cons, different areas of expertise, etc. So, when you start forming a...
Loans, Fees, and the Real Cost of Owning Your Home via @homebidz

Loans, Fees, and the Real Cost of Owning Your Home

Need a Home Loan? We know this may come as a shock, but that home that’s for sale for $350,000 will actually end up costing about $575,000 over time. How? Between the interest rates, insurance, property tax, and...
Rent to Own vs. Traditional Mortgages via @homebidz

Rent to Own vs. Traditional Mortgages

Need an FHA Loan? It’s no secret that most people seek out rent-to-own home options over traditional mortgages because of credit issues: either their credit is fair or poor or simply just unestablished. Depending...
Why Does My Credit Matter? via @homebidz

Why Does My Credit Matter?

Click Here to Look at Bad Credit Home Loans Honestly, if you have less than perfect credit, you can still potentially buy under a rent to own option, but you still have to get financing at some point, so you'll need to...
Taking the First Step on Your Rent to Own Journey via @homebidz

Taking the First Step on Your Rent to Own Journey

Looking for Rent to Own? When considering a rent to own journey, there certainly are a couple different choices. Each requires the rental property itself, two authorized documents, and then -- sometimes -- an...
Simple Ways to Save for Your Down Payment via @homebidz

Simple Ways to Save for Your Down Payment

Need Family Support? There are a lot of different ways to purchase a home. You can get creative and try owner-financing, or even buying a home at an auction. For the majority of us though, we’re still using banks and...

Categories