The problem with searching non-MLS sites like Trulia and Zillow is their information on agent-listed properties (which is over 80%) is syndicated from the MLS but much of it is outdated. To search the actual MLS, click here.
Before you start searching for a home to buy, you must first get pre-approved for a mortgage loan. This must be done prior to making an offer on any home you want to purchase. To get pre-approved for a loan, click here.
When buying a home there are a number of factors to consider such as selecting the right type of mortgage, knowing what to look for when choosing a home, negotiating offers, etc. To read more, click here.
Even if you do not have school-age children you should still pay attention to the local school system where the home is located. If you decide to sell your property at a later date, many of your potential buyers will take this into consideration when deciding to buy your home. Houses located in good school districts typically sell faster and is a big plus when it comes to property values.
Buyers should find out what is happening in the local market place, particularly in the neighborhoods and areas they want to buy in. Location is an important factor when deciding to buy a home. Although most people do not think about future equity and resale potential while they are in the buying process they should. A careful choice of location will help with the future resale value and maximize key selling points if or when you sell the property, refinance it or get equity out of it at a later date.
Most people purchase a home from a personal standpoint. Buying a home is the biggest financial transaction most people will make in their lifetime and therefore it must be approached from an investment angle. There are a number of key factors that should be taken into consideration when buying a home. A good buyer's agent with investment experience can be very helpful when it comes to finding a home with features that add value to your property.
When purchasing homes in subdivisions you should take into account the overall condition of the neighborhood particularly on the street where the home you want to purchase is on. Another important factor to also think about when buying in subdivisions is the number of foreclosures. Buying in a neighborhood where there is a high number of foreclosures will affect property values.
Avoid buying homes on or surrounded by busy streets. Do not buy houses across the street from a park or a school. If you buy in a subdivision, try to choose homes as close to the center of the neighborhood. Also, stay away from homes on the main street within the subdivision. If possible try to buy a home on larger than normal lots; this is an added asset when it comes to property values.
These are just a few tips among a number of things to consider when buying a home. Our buyer's agents can help you find a house that will fit your personal needs while still focusing on the investment aspect, which is very important and should not be overlooked when purchasing real estate.
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