Saturday, March 01, 2008

FIRST TIME HOME BUYER

Here are seven tips for the first time home buyer:

1) Have your realtor check for recent comparable sales in the area in which you wish to live.
2) Talk to your realtor and a loan broker about what you can afford.
3) Ask your loan broker to calculate what your total monthly costs would be for the home you've chosen, including insurance and taxes.
4) Ask your loan broker for a full disclosure as to your total closing costs.
5) Determine whether your housing costs exceed 30% of your income. More than 30% is risky!
6) Question your realtor about the real estate climate and prospects.
7) Be aware of unanticipated events which might make your property investment more expensive, and incorporate them into your total view.

The integrity of your Tyler Texas Real Estate agent is the single most important factor when considering the purchase of a home or other property. If you need help, call an experienced realtor. You'll get it!

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