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How to Begin

  HOW DO I KNOW IF I'M READY TO BUY A HOME?

You can find out by asking yourself some questions:

 -   Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
 -   Do I have a good record of paying my bills?
 -   Do I have few outstanding long-term debts, like car payments?
 -   Do I have money saved for a down payment?
 -   Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer "yes" to these questions, you are probably ready to buy your own home.

HOW DO I BEGIN THE PROCESS OF BUYING A HOME?

Start by thinking about your situation. Are you ready to buy a home? How much can you afford in a monthly mortgage payment (see Question 4 for help)? How much space do you need? What areas of town do you like? After you answer these questions, make a "To Do" list and start doing casual research. Talk to friends and family, drive through neighborhoods, and look in the "Homes" section of the newspaper.

 

WHAT SHOULD I LOOK FOR WHEN DECIDING ON A COMMUNITY?

Select a community that will allow you to best live your daily life. Many people choose communities based on schools. Do you want access to shopping and public transportation? Is access to local facilities like libraries and museums important to you? Or do you prefer the peace and quiet of a rural community? When you find places that you like, talk to people that live there. They know the most about the area and will be your future neighbors. More than anything, you want a neighborhood where you feel comfortable in.

IS AN OLDER HOME A BETTER VALUE THAN A NEW ONE?

There isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. People who buy older homes, however, shouldn't mind maintaining their home and making some repairs. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy-efficient. People who buy new homes often don't want to worry initially about upkeep and repairs.

WHAT SHOULD I LOOK FOR WHEN WALKING THROUGH A HOME?

In addition to comparing the home to your minimum requirement and wish lists, consider the following:

 -   Is there enough room for both the present and the future?
 -   Are there enough bedrooms and bathrooms?
 -   Is the house structurally sound?
 -   Do the mechanical systems and appliances work?
 -   Is the yard big enough?
 -   Do you like the floor plan?
 -   Will your furniture fit in the space? Is there enough storage space? (Bring a tape measure to better answer these questions.)
 -   Does anything need to repaired or replaced? Will the seller repair or replace the items?
 -   Imagine the house in good weather and bad, and in each season. Will you be happy with it year'round?

Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint.


Serving the Triad area of North Carolina Greensboro,Winston Salem,High Point. Counties Include: Guilford,Forsyth,Davie,Davidson,Rockingham,Alamance,Alleghany,Caswell,Montgomery,Randolph,Rowan Stanley,Stokes,Surry,Wilkes,Yadkin,Mecklenburg,Catawba,Cabarrus,Iredell,Alexander,Lenoir, Atlanta  Georgia Fulton County, Dekalb County, South Carolina