You Must Prepare for Home Ownership : East Central Ohio Homes and Land

You Must Prepare for Home Ownership

Have you done your home-buying homework? Save yourself time, money, and heartache by doing research before you begin your hunt, and when you’re ready to make an offer. Consider all the consequences of your dream home’s affordability, location, value, and ownership.

Begin by gathering and analyzing your financial information – assets, debts, income, and the almighty credit report. You’ll need a firm and realistic understanding of what you can afford, and you’ll benefit from securing “pre-approval” of your loan. Spend your valuable time looking at houses within your budget.

You’ve heard it before – the three most important factors in real estate are location, location, and location. Know the community, because you’re not just buying the house – you’re buying the neighborhood! Look ahead to the day you’ll eventually resell. How marketable will the home be when that time comes?

Found a home you love? Compare its value with similar homes that have recently listed, sold or expired. Ask the agent for a Comparative Market Analysis and make a solid and reasonable offer based on those facts, not necessarily the seller’s asking price.

One final consideration – the responsibilities of home ownership. Remember that it doesn’t end once the checks are in escrow. Now you’re ready for insurance, property taxes, improvements, maintenance, and more. When you’re ready, talk with a professional you can trust for advice on these all-important issues.

2:06 PM - Jun. 3, 2008 - comments {0} - post comment
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Your Source for Real Estate Information and Lifestyle Events for Zanesville, Dresden, Coshocton, Cambridge, and Newark in East Central Ohio.

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