Buying your first home can be exciting and scary all at the same time. Now is a great time to buy as the interest rates are still low, home prices are down and the inventory is immense. Take these tips when buying Daleville real estate for the first time.
Get a loan first before looking at homes
This will give you a better idea of price ranges and types of homes and also what your payment will be each month. Talk to a lender, your bank or mortgage brokers about your options and programs and don't feel pressured to go with one over another. Shop around for the best deal and most comfortable option.
Don't buy the first house you see
Or at least not before you look at others. Buying your first home is so exciting that you might fall in love with the first house you can afford. But take the time to check out the neighborhood, school districts and other features before really committing to an offer.
Consider other costs involved than just the mortgage payment
Take into consideration taxes, homeowners’ association fees, and the cost to fix up and maintain a distressed property if applicable. Plus no matter which home you choose you will have to have homeowners insurance. (See below for more tips on insurance)
Read the contract carefully before signing
Make sure your agent can get you out of a bad deal or you are not forfeiting your earnest money without reasonable cause. Make sure all the details you think you are getting are actually written in. Our agents can walk you through every transaction and explain all the legal jargon so you are sure to be satisfied.