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| Date post: | 12-May-2020 |
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Real Estate |
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FIVE ESSENTIAL TIPSFOR FIRST-TIMEHOMEBUYERS
FIRST-TIME HOMEBUYERSFIVE ESSENTIAL TIPS FOR
SAVE, SAVE ANDSAVE SOME MORE.This buffer will help cover any unexpected costs in the event that interest rates rise and your mortgage repayments increase. As a guide when working out your budget, do not commit more than 30 per cent of your income to housing costs.
FIRST-TIME HOMEBUYERSFIVE ESSENTIAL TIPS FOR
BE PREPARED FORTHE INSPECTION.Give each property you see a rating from 1 to 10, taking into account factors like the location, your budget and whether any renovations or repairs are needed. It is likely first-time home buyers will be viewing several homes over the course of a weekend and this is a simple way of pinpointing the ones that are worth adding to your shortlist.
FIRST-TIME HOMEBUYERSFIVE ESSENTIAL TIPS FOR
GET PRE-APPROVEDFOR A MORTGAGE.This shows real estate agents and vendors that you are serious about buying. It also gives you more bargaining power and prevents the deal from falling apart for financial reasons once you start negotiations on the property.
FIRST-TIME HOMEBUYERSFIVE ESSENTIAL TIPS FOR
PAY THE EXTRA CASHFOR AN EXPERT OPINION.In the long run, a property and pest inspection can save you both time and money, and it has the added benefit of helping you get well acquainted with your new home.
FIRST-TIME HOMEBUYERSFIVE ESSENTIAL TIPS FOR
CHECK THE LISTINGPRICE OF SIMILARHOMES IN YOUR AREA.Get a taste for what else is on the market in the location you have decided on, even if it’s just through a simple online search, to make sure you are getting a good deal. Browse the houses for sale on Lamudi to find out what else is out there. Your final decision should rest on a good knowledge of the local property market.
FIVE ESSENTIAL TIPSFOR FIRST-TIMEHOMEBUYERSFor more information, you may read thearticle at Five essential tips for first-time homebuyers
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