Shopping for Your First Home

1. Know and understand how much you can afford
This should be your first step. Don’t look at homes you can’t afford a mortgage on.

2. How long will you stay in your first home?
The longer you live in your first home, the better the savings because you’re spreading out the upfront costs of buying a house.

3. Get a loan
Getting pre-approved for a home loan helps make buying a first home faster and easier, especially if there are multiple offers on the home.

4. Know the market
Research neighborhoods that interest you and find out the median price of homes there. You can research homes on Web sites such as AOL Real EstateZillowRealtor.comTrulia.com or others you trust.

5. Shop around
Your first home isn’t going to have everything you want, as every house buy means sacrifices. Consider factors such as, is it near transportation, good schools, parks, shopping?

Buying a home is one of the most stressful and expensive transactions you will ever take on. By following the steps above, it will help make the process just a little easier.

Click here to read the full article at AOL Real Estate.

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