Buying a home is one of the biggest decisions in life. For average citizens, buying a house is a once in a lifetime event. There are contradicting opinions on whether buying a home now is wise or not. But buying a house is not just a dream; it is also a good way to save money in easy installments. Once a decision to buy a home is reached, there are many things to ponder over when choosing a house. Here are the top few detailed factors which should influence the house selection.
Determine how much money can be afforded upfront? – The down payment is not the only cost involved in buying a house. The decoration and furnishings do take up some dollars. Closing costs should also be taken into consideration as they often take up as much as 3 to 5 percent of the total cost.
Find a house suiting your requirements –. As said previously, the opportunity to buy a house does not arise very often, so it is better to take time to search around for the best suitable house rather than choosing something because it is convenient to choose. Making some compromise is wise, but compromising on important factors is not. The neighborhood, size of the house and quality of the house are all factors that should involve maximum effort to match up to the desired dream house.
Choose a good real estate agent – Every neighborhood has quite a few real estate agents who deal with buying and selling houses. Searching for a house on your own can be quite tiring and sometimes good properties might be missed. Real estate agencies will have many properties listed and it will be possible to check many properties in a small time with the help of these agents. Some reputed agencies also have extensive listings on their website. It is good to check out these properties from the website before scheduling a visit to these houses.
Determine the amount of mortgage payment that could be made without destabilizing existing finances. – There are many mortgage calculators available to calculate the amount of mortgage payments that could be paid monthly without disturbing other necessary expenditures. This should be the basis to determine how much of a loan can be applied for, and this along with the down payment and other costs should decide the total budget of the house.
Insist on a house inspection – This is very important. Once a home is found to be of your liking, it is imperative to undertake a house inspection with the help of a professional. If any serious flaws or safety issues are found by the professional on inspection, it will be possible to rescind the offer without having to pay money. This also gives the buyer peace of mind and avoids ugly confrontations between buyer and seller if some problem is found later on.
Check comparable prices before settling on a price – Some websites like www.forsaleaspen.com can give a general idea on the current market prices. If the prices are found to be on the higher side, it is easier to negotiate by pointing out the current market prices. It is also better to check all the MLS listings on a comprehensive search site like forsaleaspen.com
Please contact me now for great opportunities in Aspen Real Estate and Snowmass Real Estate. Please also contact me now for more information on rentals in Aspen and Snowmass Village or see my website www.ShowAspen.com .
I CAN HELP YOU BUY, SELL, OR RENT ASPEN SNOWMASS PROPERTIES.
Roget Kuhn Owner/ Broker-Realtor
“An Honest Approach to Real Estate and Rentals”
Aspen Snowmass Real Estate
303 1/2 E. Main St.
Aspen, CO 81611