1. Get Your Credit in Shape
If
you plan to finance your home purchase, check your credit history, especially
if you're a first-time buyer. That way, you can correct any errors, and
take measures to boost your credit score. Order one free credit report a
year from Annualcreditreport.com
2.
Get Pre-approved For a Mortgage
Early
in your search, meet with a mortgage lender who will take a look at your credit
history, your savings and investment statements and your current financial
situation. This will give you a better picture of what you can afford and
the financing options available.
3.
Establish your Budget
Whether
you're financing your purchase of paying cash, it helps to establish a budget.
This will help you focus your search on great homes within your price
range.
4.
Make a List
Buying
a home is a process of elimination, not a process of selection. Make a
list of your ideal home's must haves and deal breakers. This will help
you to narrow your search so that you can find a home that fits your
current and future needs.
5.
Think About Resale
The
average homeowner lives in their home for nine years. While you may purchase
your home as a long-term investment, keep in mind that you may need to sell it
one day. Consider the home resale value when you're looking at
properties.
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