Good info for first time home buyers and reminders for previous buyers...
By Michele Lerner
updated 1/28/2011
If one of your goals this year is to make the shift from renter to homeowner, you should begin preparations now for an exciting emotional and financial adventure.
Before you start the home-buying process, make sure you are ready to buy a home where you will live for three to five years or longer, since it can take that long to build equity in a home and recoup your investment costs. Think about your dream home and your dream neighborhood, but recognize that you may need to sift through these dreams to find a community and a home that you can comfortably afford.
Anyone who has watched the news in the past few years should be aware that home prices have fallen in most real estate markets, and that interest rates are at historically low levels — both factors that make buying your first home more affordable.
Here are some tips to get you started on the step-by-step process of buying a home:

I agreed that before you start the home-buying process, make sure you are ready to buy a home where you will live. I will definitely check out that link you've shared. Thanks!
ReplyDeletePia
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