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Essential Tips for First-Time Homebuyers | Lamudi

Closings costs, pre-approved mortgages, interest rates. Just the terminology of house hunting is enough to send the more seasoned homebuyer into a spin. And if itu2019s your first time on the market for a home, the buying process can seem all the more daunting.<br><br>But a few simple tips can take the confusion out of the process for a first-time home buyer: https://www.lamudi.com.ph/journal/five-essential-tips-first-time-homebuyers/ <br>Link to journal/webpage:https://www.lamudi.com.ph/journal/five-essential-tips-first-time-homebuyers/

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Essential Tips for First-Time Homebuyers | Lamudi

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  1. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS

  2. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS SAVE, SAVE AND SAVE SOME MORE. This buffer will help cover any unexpected costs in the event that interest rates rise and your mortgage repayments increase. As a guide when working out your budget, do not commit more than 30 per cent of your income to housing costs.

  3. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS BE PREPARED FOR THE INSPECTION. Give each property you see a rating from 1 to 10, taking into account factors like the location, your budget and whether any renovations or repairs are needed. It is likely first-time home buyers will be viewing several homes over the course of a weekend and this is a simple way of pinpointing the ones that are worth adding to your shortlist.

  4. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS GET PRE-APPROVED FOR A MORTGAGE. This shows real estate agents and vendors that you are serious about buying. It also gives you more bargaining power and prevents the deal from falling apart for financial reasons once you start negotiations on the property.

  5. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS PAY THE EXTRA CASH FOR AN EXPERT OPINION. In the long run, a property and pest inspection can save you both time and money, and it has the added benefit of helping you get well acquainted with your new home.

  6. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS CHECK THE LISTING PRICE OF SIMILAR HOMES IN YOUR AREA. Get a taste for what else is on the market in the location you have decided on, even if it’s just through a simple online search, to make sure you are getting a good deal. Browse the houses for sale on Lamudi to find out what else is out there. Your final decision should rest on a good knowledge of the local property market.

  7. FIVE ESSENTIAL TIPS FOR FIRST-TIME HOMEBUYERS For more information, you may read the article at article at Five essential tips for first-time homebuyers homebuyers For more information, you may read the Five essential tips for first-time Lamudi.com.ph Lamudi.com.ph is the leading real estate platform in the Philippines. We offer sellers, buyers, and renters a secure and easy-to-use platform to find or list properties online. properties online. is the leading real estate platform in the Philippines. We offer sellers, buyers, and renters a secure and easy-to-use platform to find or list

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