Guide To Your Hassle-Free Home Purchase

Buying a home can seem like a frightening prospect. Whether it's your first home or your fifth, so much is at stake—your savings, your credit rating, and your financial freedom. It's difficult to find the courage to sign on the dotted line even if you want that home very, very badly.

How do you determine whether the purchase of a home makes sense? What's the easiest way to examine the whole picture from emotions to economics?

SIX STEPS FOR SUCCESS

1. Establish your needs and your wants.
Begin your search for a perfect home by making a careful assessment of the kind of home you need and want.

2. Determine how much you can afford.
Decide how much you can really afford to invest for your monthly house payment. Be realistic. Most lenders suggest that your payments be no more than 28 percent of your total monthly income.

3. Get pre-approved by a lender.
You can save yourself time and heartache by meeting with a lender before you start your search for a home.

4. Find a good real estate agent to help you.
Risa Saltman can and will help you in the Orlando area. She also has an extensive list of great agents throughout the county and the world. ONLY work with a professional who has your best interest at heart. Working with a professional will save you time, effort and money.

5. Find a home that meets your needs.
Keep an organized record of all your research data. Drive by neighborhoods and talk to neighbors in areas that you like, they will tell you what the neighborhood is really like. Make sure to make a list of your likes, dislikes and needs and be up front and direct with your agent. We can't help you if we don't know what you want.

6. Make an offer and buy a home.
When purchasing, work with a buyer agent like Risa Saltman. she will be representing you, not the seller. Look at the solds in the area and make an offer that you hope will be accepted by the seller. the best offers are "win win"

There are only two major investments to consider when buying a home. These are the initial investment (including down payment and closing costs) and the monthly payment (including principle, interest, taxes, and insurance).

Now that you have finished this report, it is time to go out and find the home of your dreams. Make sure that you cover all steps in this report in the proper order.

First, see a lender. He/She will help you decide the value of the loan you for which you will qualify.

Second, find a good agent. Give Risa Saltman a call at 407-699-4901. I'm ready to assist you in your home buying process.

Written by Risa Saltman, Orlando Realtor providing exceptional Orlando Real Estate services for people looking to buy or sell in any of the area in Orlando,Fl. Please visit my Orlando Real Estate blog to find out the latest real estate market information and news.

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