Are You Ready to be a Homeowner?
|are you ready to be a homeowner?|
credit photo to: themalaymailonline.com
There’s a lot of work—paperwork to be filed, people to meet, contracts to review and sign, among other things—that goes into buying a house. Do you have help? If you think you’re saving up on the cost of hiring a real estate agent by taking on this whole process yourself, you might want to reconsider your stance on that. Some first time home buyers start out that way, thinking they’re saving on agent’s fees. But the amount of time you need to put in as well as effort just to see results will quickly make you think otherwise. Also, agents have the connections, experience and skill that allow them to do a much better job at it than you ever will. Some might even net you an opportunity to view houses that might not be out on the market yet simply because they have the kind of connections that provide them with handy insider’s knowledge. If you haven’t got an agent yet, then you still aren’t ready.
The best way to buy a home is to choose a mortgage with a short lifespan. The sooner you finish all the payments, the less you spend on the interest. The longer the mortgage drags on, the more you lose to the interest. However, if this isn’t possible, then there are other financing options you can consider. Make the rounds. Ask people you trust with financial training. This should prove helpful as you try to figure out which financing works best for your situation. However, if all the financing options leave much to be desired or you just can’t seem to find the right one, maybe it’s not the financing that’s the problem but rather your finances. If you’ve got too little savings at this point, even the best financing options won’t be able to help you out.
|credit photo to: chaneycapital.com|