First-Time Home Buyers GuideJuly 24, 2012 0 Comments
Attention all first-time home buyers!
It seems like realtors from all over the United States are in agreement that now is the time to buy. Are you planning to join in the fun?
- Remember to look at the big picture. While buying a house is a great way to build wealth, maintaining your investment can be labor-intensive and expensive. When unexpected costs for mold removal, roof repairs and plumbing problems crop up, there’s no landlord to turn to.
- Find out what your total monthly housing cost would be, including taxes and homeowners insurance (don’t forget flood insurance!). To get an idea of what you’ll pay in insurance, pick a property in the area where you want to live and make a call to a local insurance agent for an estimate. You won’t be obligated to get the insurance, but you’ll have a good idea of what you’ll pay if you buy.
- Find out how much you’ll likely pay in closing costs. The upfront cost of settling on your home shouldn’t be overlooked. Closing costs include origination fees charged by the lender, title and settlement fees, taxes and prepaid items such as homeowners insurance or homeowners association fees.
- Talk to reputable real estate agents in your area about the real estate climate. Do they believe prices will continue falling or do they think your area has hit bottom or will rise soon?
When you decide that you’re ready to sign on the dotted line, keep AdvantaClean in mind for your household needs – air duct cleaning, mold removal, and emergency fire and water damage cleanup.