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Buyer's Q & A | Finding the Right Home

Q: What is the first step to buying a home?

A: Finding out what you can afford is one of the first steps, which can be done by pre-qualifying for a home loan. This step will help you narrow your search for both a neighborhood and particular houses. Pre-qualification is a simple calculation considering several factors, primarily your income. There are no guarantees with a prequalification, but it will be expected of you when you make an offer on a home.

Q: Do we dig deep and buy a dream home or settle for a starter home?

A: Choosing between a smaller house in an affluent neighborhood, an older, bigger house in a more working-class community or a brand-new home is not easy. Start by examining your priorities and asking the following questions:

  • Is the neighborhood or the home itself the most important consideration?
  • Is the neighborhoods safe?
  • What is quality of the schools, supermarkets, churches, hospitals, fire and police stations?
  • What zoning regulations apply?
  • What community services are available?
  • Have the homes appreciated or depreciated?
  • What tax rates prevail?

Also go to FREE REPORTS: “8 Secrets for Saving Thousands When Finding, Buying and Financing Your Home” and “49 Essential Tips Every Home Buyer Should Know.”

Q: What’s the best way to know what kind of home is right for me?

A: Examine your lifestyle carefully. Ask yourself:

  • How much time do I expect to be at home?
  • Do I really like slinging a hammer?
  • Do I like neighbors around, but want a good-sized home, not an apartment?
  • What style of home attracts me?

Q: What should I look for in a new home?

A: Here are some of the signs of good construction:

  • Good carpentry throughout;
  • Solid structure with sturdy support;
  • Basement floors and walls that have no cracks or damp spots;
  • Insulation that measures as required;
  • Everything in good working order;
  • A yard free of low, wet spots, grading that slopes away from the home for good drainage.

Buyer's Q&A

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