5 Questions First-Time Home Buyers Never Ask Themselves

1. 5 Questions First-Time Home Buyers Never Ask Themselves If you have arrived at that golden point in your life where you are ready to become a home buyer, then it is indeed a special time. However, becoming a first time home buyer is also an extremely stressful time period. Even though you have arranged the money for the down payment, there are still many questions that most first time home buyers do not bother to ask themselves. Why do you want to buy a house? Before you embark on your mission to purchase your first home, it is absolutely critical that you ask yourself why you want to buy a home. What phase are you at in your life? Answers to these questions will also help you determine the kind of home you need in terms of size and location of the neighborhood. You short and long-term plans for a family and expansion of this family are also key in determining the size of your home. How much can you afford? Often times, first time home buyers get so enamored with the entire dream of buying their own home that they forget to stick to their budget. Many times it happens that suddenly a home buyer comes to the realization that the house they have decided on is out of their budget. As per the advice of Brian Bartholomew real estate agent, it is important that first time home buyers speak with a mortgage broker or a financial advisor in order to work out their affordability and how much they can put down on a first home. What kind of neighborhood do you want for yourself? While this might seem like a fairly unimportant question, it does have long-term repercussions. You might young right now, but think long term when you will have a family. Are their good schools

2. nearby? What is the security and safety index like of that locality? Such factors need to be taken into account as buying a home is not a short-term decision, but will impact your life in the years to come as well. So think and plan accordingly. How are you going to be handling the debt? The answer to this question will be extremely important to your overall financial health as not only will you be having a lump sum loan to take care every month from the moment you buy your home, but remember that your monthly bills are also not going to stop. Are you financially secure enough to handle both the monthly expenses and the home loan at the same time? Is it going to put an added pressure on you or cause you any kind of stress? Have you chosen the correct realtor? Once you have gotten the basics out of the way and have made up your mind that you are ready to buy your first house, the next thing you need to consider is whether or not you are working with the correct realtor? It might be that you have chosen the top realtor of your town, but is he/she the correct choice for you? You need to gel well with them, be comfortable in asking questions and also trust them when they go to find the right house for you. So by simply asking these five questions to yourself, any first time home buyer can avoid falling into a reality trap and also buy their dream home. Source: https://toprealtorusa.wordpress.com/2017/09/18/5-questions-first-time-home-buyers- never-ask-themselves/