First Time Home Buyer "Need to Know" Checklist

p>educated decision.
- Know yourself - what are you looking for? What are- Know your system - set up a system to compare
your needs? What type of home would fit yourproperties. Some use paper, some use excel sheets,
current stage of life?some use pictures and other visualizing means.
- Know your budget - meat your banker, do your mathWhatever works for you is fine, but you must have a
and know exactly how much you can spend whensystem to compare the properties you see.
buying a house. You can use our "How much can I- Know it when you see it - if you find the house that
afford" calculator on our Calculators page.fits your needs and budget BUY IT! Don't wait to the
- Know your area - researching your area will help younext perfect home, it might not show up
narrow down the search area. Research the- Price is always negotiable - In today's market sellers
neighborhood, the school district, available parks andare motivated to sell. use that to your advantage and
amenities etc.bargain for the price!
- Know you monthly payments - after you buy a- Know the Market - interest rates are historically low,
house your monthly payments will not end with theuse it to leverage your money.
mortgage. There are property taxes, HOA fees etc.- Know your Realtor - Why should I have a
Knowing them will help you do a more financiallyREALTOR by my side?