Guidelines for Purchasing your New Home

By: Melissa O'Connell

Buying a home is a major event for anyone. It marks the day that they have arrived on the equity ladder and ushers in a new era of self-sufficiency. If this is the first time you have purchased a home then get ready for some heavy shopping and some important decisions. There are certain steps that one should take when considering the purchase of a home and these should be taken care of as early in the process as possible. The first of these is, of course; having your mortgage pre-approved and ready to go. Shopping from a place of security in a financial respect takes allot of pressure off the situation. Sellers also like to see buyers who are financially ready to purchase. It simply adds more credence to your offer should you make one.

And be careful about the lender you choose to work with. There are so many shady lenders circulating right now and you will need to be sure that you are working with a lender that is honest and professional.

The next necessity comes in the actual shopping for a home. Some homes simply look fantastic online but listing pictures can be modified to look better and you really don't want to buy on photos alone. If you are purchasing a home far away this may be necessary but it should be avoided if at all possible. It is too easy to miss little imperfections and drawbacks in photos and videos, there is really no substitute for actually being there. In addition it is impossible to get a feel for the home and neighborhood through pictures. The immediate area is going to have a huge impact on both you and your home for years to come so it pays to know what kind of area you are moving into.

Other things you should consider: are you going to be expanding your family soon? If so then the local schools should play a big role in choosing a home. with such an importance on education it is necessary to ensure that the local schools are fulfilling and exceeding their expectations. The home should also be within a short distance of the shopping areas and places of employment that you will frequent. Location is really key to a new home purchase so be sure to know your areas before getting there.

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