Home Buying Tips to Give You an Edge

Buying a home can be daunting for many new homebuyers and when it comes down to all the fine details, many buyers get frustrated. Therefore, I have some home buying tips that will give you an edge when you are ready to buy your next home.

Home buying tips:

Online shopping – Most home buyers go online to see what’s available before they even call a Realtor. Taking a look before you call a real estate professional can help give you an idea of what’s on the market and how much homes are selling for. Through online home searching you can search see an array of homes for sale, compare properties, calculate mortgage info, see school ratings, get crime stats and so much more. Going online to search homes for sale is easy and 1-2-3, you actually start here: Home Search! When you’ve gotten a feel for what’s on the market, give Salma Dhanji a call and let her help you with all that is involved with the home buying process.

The 7 year plan – Traditionally, based on a rule of thumb, a home buyer should really consider living in the home they buy at least 7 years or more. This will ensure your financial investment. If you live in the home less than that, you are not making a good investment. The upfront fees for buying a home just don’t make sense unless you keep it as long as possible. In the beginning of your mortgage, most of your monthly payment will go toward the interest payment. However, after the 7 year mark, you will start seeing more and more to toward your payoff (principle) balance.

Days on market – When searching for your home, it is important to know how long the home has been on the market. If it has been sitting there for several months there must be a reason why. Is the price to high? Are their flaws the sellers won’t fix? Your real estate agent can really be of assistance in this area. When a home is in good shape, in a good area and priced right it will sell quickly. Homes that are overpriced, in bad neighborhoods or in need of repair will be on the market for extended periods of time.

Monthly cost – How much home can you afford including mortgage, taxes and insurance? You can find out with this free mortgage calculator! Just remember not to get in over your head. Buy what you can afford in any real estate economy.

Location is everything – Salma Dhanji is here to help you navigate the today’s real estate market and enjoy Florida’s distinctive lifestyle.

Originally posted at:

http://www.parklandflhomesblog.com/buyer-tips/home-buying-tips-to-give-you-an-edge-302/