10.01.2009

5 Ways to Find the Right House & Keep It


The idea isn't just to buy a home. The goal is to keep your own roof over your head.
1. Create a wish list. Write down housing wants and needs. What city are you interested in - Birmingham, Bloomfield, West Bloomfied, Franklin - narrow down your area(s)/neighborhood(s) of interest.Include all the physical characteristics you want or need. Include style, size, layout and room configuration. Look at the number of bedrooms and bathrooms, and the basic amenities you must have. Include critical features such as location and services and a home's proximity to good schools or public transportation lines.
2. Get Pre-qualified for a Mortgage You need to know exactly what you can afford to pay each month to mortgage. Don’t buy more than you can afford or you won’t be able to keep that roof over your head
3. Browse for housing. Realtor.com and other websites offer home valuation features and neighborhood data on trends in local markets. Use features to determine how a listing compares with nearby, comparable properties in terms of value, actual sales prices, home features, neighborhood characteristics, and more.
4. Work with an expert. Finding a professional real estate agent who will represent your best interests can make the difference in location, negotiating the best offer, and closing the home of your dreams. Look for a full time real estate agent who has experience in the desired location, who knows the market and trends.
5. Get the complete picture before you visit. You can't know everything about a community from an online listing. Schools, crime, and proximity to shopping and work all impact property values.
6 Make sure the property details are reliable. Buyers need know when a listing has experienced a price change. Look for Web sites like Realtor.com that updates listings frequently, including price changes. Fresh and reliable information is critical. Your realtor can sign you up to receive daily updates on your target area – what’s new, what’s changed price, what has an offer.

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