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10th June, 2008
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  BUYING FIRST HOUSE

Largely, what you look for in a home is up to you. There are some constants in house buying of course. Try to keep the emotions in check, bear in mind that you're making an investment, and choose your property accordingly.

 

Although you are buying your first house, remember you will sell it one day.

 

If you’re next-door neighbour is an airport, your resale value will be impaired, no matter how lovely or charming the house is.

 

Most of these cautions are just common sense. You can get help and advice from the estate agent but remember they work for the seller not the buyer. They only get paid when they sell a property.

 

Where an estate agent can help you is with the finer points of choosing a wise investment. Your agent will know the area where you want to buy, including what's going on in the local market, and the community.

 

Your home has to meet your needs. Your home will most likely be one of the largest purchases of your lifetime. It's especially important not to buy too quickly, or because you are eager to get into a home.

Defining what exactly you're looking for in a home can be time-consuming, but will save you time, energy and money in the long run.

 

Keep your home search on track. Before you start looking at homes, sit down and make a list of the characteristics you're looking for in a home, ranked from most to least important.

 

Keep those priorities in mind as you look at homes, and update the list based on the homes you’ve viewed.

 

Important considerations include everything from affordability to ample cupboard space, the style of home, size and location of property, proximity to bus stops, and condition (i.e. fixer-upper, move-in ready).

 

If you have strong feelings about particular items, keep them in mind throughout your search.

 

Plan to look at a wide range of homes before making the decision to buy. A lot of buyers find a Polaroid or digital camera really handy - snapshots can help you keep track of the good and bad things about the homes you see.

 

Take good notes on the homes you view, and keep track of how they rank on your list of "must haves." Also, keep in mind that you may not be able to find every single "must have" in one home.

 

Don't rule out a home, sight unseen, because it doesn't have hardwood floors--you can always make cosmetic changes once you've moved in.

 

The most important items to look for are the ones you can't as easily change--the surrounding area, the school district, and so on.

We suggest that you get expert “Independent” help when it comes to mortgage advice on your first house. Beware of dealing with the estate agents mortgage adviser as they are on the side of the seller not yours.

 

Its best not to tell them all your financial details, keep your cards close to your chest. If you’d like to speak to an independent broker complete our quick and easy enquiry form.

 

 

Enquire Now, CLICK HERE.

 

 

 

Our Mortgage Enquiry/Quote Service is free to use and there is no obligation, so just fill out the form and we'll do the rest.

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