THE RIGHT WAY TO BUY YOUR FIRST HOME

THE RIGHT WAY TO BUY YOUR FIRST HOME

Many people buy homes every day, but unfortunately a lot of them are not really ready. Make sure that you are fully prepared before taking on such a large responsibility. Simply put, "DON'T GO IT ALONE", "hire" a 'Realtor' - a licensed professional. All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again.

While the final decision is in you the buyers hands, the Realtor you've chosen must be trusted to do what they do, i.e. bring the deal to a sucessful close. Your dream of home ownership involves many players, and your Realtor know the process from start to finish, and how to bring all interested parties together to achieve your goal to be called a "Homeowner". Theodore 'Ted' Corbett has saw buyers realized the American Dream - that of Home Ownership!

Do not hesitate to ask questions.

Know and understand how much you can logically afford. Be disciplined! Avoid the temptation of going beyond what you can afford. A handy tool - "How much home can I afford". This calculator computes the most expensive house you can buy based on the highest payment you can afford, but does not indicate whether you would qualify for the loan.

Get an inspector to check things out.

Do not buy a money pit.
While Foreclosures, Short Sales,etc. can allow great price deductions, remember there is "NO FREE LUNCH"! Avoid,Avoid Avoid the temptation to buy a property where you will be sinking tremendous amounts of money into it.

Be reasonable about expectations.

Be open about other areas.

Do not expect perfection.

REMEMBER! Hire the right people to help you along the way.A Realtor will see you through to your dream of Homeownership!

Having money is not the most important factor when buying a home. There are many more things that need to be taken into consideration. If done right you can end up with a real prize.