Buying a house is one of the largest financial decisions you may ever make in your lifetime. It’s imperative you arm yourself with the knowledge necessary to make the best decision for you and your family. Faith & Vision Realty’s mission is to help our community realize the American dream of home ownership and creating a legacy one family at a time.
In today’s market there are many “alternative options” to buying a house.
The first question you may be asking yourself is if you need a real estate agent or not. Our job is to help you make a wise financial investment. Think of us sort of like a financial planner, but for real estate. We hope you decide to work with us, but if not just make sure you work with someone truly understand the market.
The service of a buyer’s agent is FREE, plus we do all the work.
Step 1: Understanding The Home Buying Process
Before you begin looking at houses you should some time to learn the home buying process from start to finish. This will you understand what to expect going forward so you can plan accordingly. The truth is that the good deals go fast so it’s imperative you are ready once you find it!
Step 2: Establish A Purchase Price You Can Live With
It’s essential you first establish a price point you are comfortable with. Just because you get pre-approved for a certain amount doesn’t mean that’s what you should shop for.
There is more to home ownership other than your mortgage payment such as property taxes or homeowner association dues that are also payable on a monthly basis.
Step 3- Tax Deductions
Do you know about the tax advantages to homeownership? Maybe you heard about it but nobody ever explained in detail exactly what that meant. Buying a house is not only an asset but also a tool to receive some very beneficial tax deductions.
Step 4-What Are You Looking For?
We’ve been doing this for a long time, and regardless of how much money you have, I have yet to see a buyer get everything they are looking for. It’s important to list out the things you can live with and without and back into a search criteria that is realistic for what you are looking for.
Determining what is realistic and what is not up front will save you the most amount of time and aggravation. Buying a home is simply a process of elimination. It is up to you to decide what you can live with and without.
Step 5: Buyer Closing Costs
There will be some closing costs involved in purchasing a house. Knowing exactly what these closing costs are upfront will help you budget more efficiently so you can avoid any surprises before closing on your new home.
This is a small sample of what to expect when buying a property, but the truth is that every situation is different. We don’t mind taking 30-45 minutes out of our day to sit down with you and analyze if buying a home is right for you at this time!