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Home Finance Real Estate 7 Pieces of Advice for House Buyers
7 Pieces of Advice for House Buyers PDF Print E-mail
Written by Mathew Bossert   
Saturday, 18 April 2009 09:17
House buyers advice, it's hard to get good advice these days. Everyone is trying to sell you on something. Thankfully, the people trying to sell their houses right now are having trouble and that means you have a chance to get a terrific deal on a house.
by MathewBossert


House buyers advice, it's hard to get good advice these days. Everyone is trying to sell you on something. Thankfully, the people trying to sell their houses right now are having trouble and that means you have a chance to get a terrific deal on a house.

The requirements. Each home is different and they offer different things. You have certain requirements, things you want from a home. List them and make sure any house you consider meets them, you'll be much happier in the end.

Know your budget. Figure out how much you can afford to put as a down payment, this should account for 20% of the price, you can borrow the other 80%. There are many options for mortgages, but using the 20/80 ratio will keep you from buying more than you can afford.

Using a home inspector. A Home inspector can give you a heads up on any problems the house might have. Water damage, foundation leaks and even structural problems can be caught before you buy the home, potentially saving you thousands of dollars.

Plan for the future. Buy a house that no only fits your needs now, but can also fit them in the future. Having enough space is always better than not having enough. Don't forget to take things like distance from schools and work into account, these things can make a difference for you.

Buy the neighborhood not the house. You can take the exact same house and place it in two different neighborhoods, that house will have two different values. Buy the house you love, but make sure it's in a decent neighborhood, that is going to improve as opposed to degenerated.

Think logically. We all know impulse buys are the worst. A house is likely the largest purchase you'll ever make and it's not something you can return for a refund. Don't buy based on your emotions. Analyze all the options and buy a home for logical reasons. Don't kick yourself for making a bad decision.

Be wary. Don't believe everything in the advertisement, don't believe everything the sellers or their agent tell you. Find out for yourself. They want to sell the home, you want to make sure you're not getting ripped off, protect yourself.

There you have, seven very useful things all house buyers should know. Use them to help in your research and home buying.

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