Not yet registered? Create a OverBlog!

Create my blog

A first-time home buyer's guide

Buying a home is one of the biggest financial decisions that most people will face during their lifetime. A home, just like any other real estate property, is a great investment. Hence, home buyers, especially, first-time home buyers, must understand the basics of buying and negotiating for the price of a house.

Buying versus renting

Owning a home doesn't suit everyone. There are people who can't seem to stay at one place for a long period of time. Either, it's the nature of their jobs or they just love to travel to different places. Buying a home is a huge decision. Thus, you should carefully assess whether you are willing to spend a great portion of your life in a particular area or neighbourhood where the house of your choice is situated.

The advantages of buying your own home

Having a home of your own offers several unique advantages. A house is an asset which can be used as collateral for productive loans like loans for business or education. Real estate properties like houses also normally appreciate value over time, making it a valuable investment.

How much can you afford?

Before signing the mortgage contract, house buyers must first, honestly assess whether they can really afford the house of their choice. It is imperative that you display genuine honesty when buying a home, so that you'll not be broke or bankrupted once you fail to settle your mortgage payments.

Consider hiring a real estate agent

If you're buying a house for the first time, hiring the services of a real estate agent can help you. Similarly, you can also hire your own lawyer and/or property appraiser to make the negotiation process easier.

Research the real estate and housing market

Before rushing into buying your first home, you should first do your homework and research the real estate and housing market. Find out the latest market trends and typical prices of real estates in your area. By doing so, you can get a clearer picture of how much a particular home costs.

Walk-through as many units as possible

Home buyers should not get too excited when they are looking for a house. Smart home buyers look at and walk through as many house units as possible in order to get the most out of their money to purchase a house that they really want.

Same category articles Property

Where to buy church signs

Where to buy church signs

Buying a church sign can be a difficult process as the signs have to service a couple of purposes. they have to fit in with the general appeal of the church and provide the congregation with a place where they can read the latest news and get updates on church services as well.
Where to find houses for sale in Ireland

Where to find houses for sale in ireland

Are you looking to buy property abroad? are you simply looking for an opportunity for property investment? if ireland is one of those places on your list, then read no further than this article. this article will provide a guide on how and where to find houses for sale in ireland.
All about: Real estate in Jamaica

All about: real estate in jamaica

Are looking to buy property? do you want to move abroad? is jamaica on your list? this article will provide you with a brief guide on how to find and buy property in jamaica. buying a home for the first time will be one of the hardest choices of your life. you need to ensure that what you do it right.
How to find homes to buy

How to find homes to buy

Finding homes to buy is really quite easy to do in today's market. the market is flooded with homes for sale, due to many people losing their jobs and their inability to handle their mortgages. even with a re-mortgage, more and more have to walk away or sell their home quickly. if you are planning on moving to the uk, then start looking early and choose a reputable estate agent.