Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully.
Why Do You Want To Buy?
Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.
Finally, before you buy, get pre-approved for a loan. This should be done after you feel comfortable with the amount you’ve saved for a down payment and before you go house hunting. Getting pre-approved can help you feel comfortable with the price range you are shopping and negotiate for the best price.
Four additional reasons to buy a home:
1. Equity: When you pay rent, you don’t own anything. When you pay a mortgage, you increase your degree of ownership in your home with every payment. Also, you can borrow against your ownership (or equity) in the home to pay for major purchases, refinance your home at favorable rates, or once you’ve paid the entire mortgage off, borrow to fund major purchases like a second home or a child’s education.
2. Tax Deductions: You can deduct mortgage interest as well as your property taxes. Uncle Sam doesn’t give renters a bonus.
3. Creative Control: So, you like dozens of pictures on the wall? Hammer away – they are your walls now. Go ahead and paint them mango!
4. Income Growth: Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.
We Have Resources!
We have all necessary contacts to assist you in every phase of your transaction, from ethical and competitive lenders to experienced and thorough inspectors, designers, professional and licensed contractors and landscapers. Our assistance extends beyond the purchase process to help you convert the property into your own personal environment.
10 Steps To Buying A Home
Step 1 >>> Are you ready? Is your financial house in order?
Step 2 >>> Get Loan Pre-approval
Step 3 >>> Call Kelso Team to find your perfect home
Step 4 >>> Look at homes
Step 5 >>> Choose a home
Step 6 >>> Make an Offer
Step 7 >>> Get Inspection & Insurance
Step 8 >>> Get Funding Approval
Step 9 >>> Close the loan
Step 10 >>> Move In!
Are you considering building or buying a new home? Our clients receive a personal manual guiding you through the many steps of building a home. The book culminates in a 31-Point Checklist on “What to look for on a Final Walk Through Inspection”. Don’t make the most common COSTLY mistakes, call us for a free, no obligation new home consultation. Just remember when you visit new home communities the agents on site represent the builder (seller). Be sure you have experienced/knowledgeable representation in this complicated new homes field.