Are you first-time home buyer in Palos Verdes, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, or the surrounding South Bay area?
Follow these tips from HGTV
Part 1: Evaluate your life and finances
Compare the pros and cons of renting versus buying
Create a Wish List
Calculate a monthly mortgage payment you can afford
Create a budget for monthly homeowner expenses
Research the market where you want to buy
Figure out how you will get a down payment and pay closing costs
Start off small
Know your rights as a homebuyer and borrower
Part 2: Shop for a Loan
Study your financial picture
Learn the basics
Shop for the best mortgage rate and loan terms
Get pre-approved
Look into programs that will save you cash
Research homebuyer assistance programs
Figure out the impact on your taxes
Arrange financing for the home you want to buy
Protect yourself
Part 3: Find a House
Choose a neighborhood, type of house, and style of house
Research online to see what's available
Look for a Realtor that is right for you
Work with the Realtor and discuss what you are looking for and can afford
Narrow down your choices and see the houses again
Caluclate the home's market value
Make an offer
Part 4: Close the Deal
Finalize the purchase and sale contract
Choose a title company that will research the title and coordinate the closing
Get an appraisal
Get a professional home inspection
Get homeowner's insurance quotes and pay the premium
Consider home warranty coverage
Do a final walk-through of the house
Review each closing document carefully
Get to know the HOA
Plan your big move!
Follow these tips from HGTV
Part 1: Evaluate your life and finances
Compare the pros and cons of renting versus buying
Create a Wish List
Calculate a monthly mortgage payment you can afford
Create a budget for monthly homeowner expenses
Research the market where you want to buy
Figure out how you will get a down payment and pay closing costs
Start off small
Know your rights as a homebuyer and borrower
Part 2: Shop for a Loan
Study your financial picture
Learn the basics
Shop for the best mortgage rate and loan terms
Get pre-approved
Look into programs that will save you cash
Research homebuyer assistance programs
Figure out the impact on your taxes
Arrange financing for the home you want to buy
Protect yourself
Part 3: Find a House
Choose a neighborhood, type of house, and style of house
Research online to see what's available
Look for a Realtor that is right for you
Work with the Realtor and discuss what you are looking for and can afford
Narrow down your choices and see the houses again
Caluclate the home's market value
Make an offer
Part 4: Close the Deal
Finalize the purchase and sale contract
Choose a title company that will research the title and coordinate the closing
Get an appraisal
Get a professional home inspection
Get homeowner's insurance quotes and pay the premium
Consider home warranty coverage
Do a final walk-through of the house
Review each closing document carefully
Get to know the HOA
Plan your big move!
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ReplyDeleteRancho Palos Verdes property inspection