I am looking for a house to buy. Does anyone have any pointers to help me through this? I am a first time buyer.
by 
Anonymous
ANSWERS: 7
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when you find one you like, make sure you get it inspected by a reputable inspector before you buy. You might also want to meet or talk to the neighbors first to see what they're like and what the neighborhood is like.
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1.) Get the absolute biggest house you can afford, even if it means you have to scrimp a bit...it'll pay off in the long run when it comes time to sell it. 2.) Cliche though it may be to say, location is everything! Do your homework about the neighborhood, the local school system (if you have or are planning on kids), and so on. 3.) Take a good look at your neighbors' houses as well -- do they look well taken care of, without junk cluttering the driveway or the yard a mess? You'll be having to look at those eyesores every day, and their negligence may screw up your property values if and when you try to sell. 4.) "Buy in haste, repent at leisure", I always say.
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It's very important to check it all over ,checking the neighbour and surroundings, also check that there isn't any errors in the deed of it,such as it's a clear title. How the structer is and what goes with it all...Just make sure you know where the property line is to know what is yours,make sure the roof, windows and your inside heat is all about.What the well is like or where your water source comes from,What the cespool is where it is or if your on a sewage pipes. Write down all this and ask many,many questions.You don't want to end up with a home that you have to spend thousands of dollars onto it before you get to move in.I would talk to a banker or a lawyer before I'd take my first step.If you know the house and the people your buying it from that would be a different story.Be careful that you don't get hurt.Most realstate sells homes that are mostly perfect.Good Luck and congrats.
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Do your homework.. *If possible, get pre qualified for your financing. *Work out your budget. Stay within your budget Remember prop. taxes, HOA,s, Insurances in your budget. *If you can, find any liens or encumbrances before offer. *Possibility of remodel or additions. Do you want house to "grow" with your family. *What is important to you?. Land, House size, Maintenance, Storage.. *Get a loan you can live with for the life of the loan. *Can you trade travel time for lower price. Relocate. There is alot to consider. My best advice is to stay within your means. Good Luck..
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I suggest checking out the U.S. Dept. of Housing and Urban Development (HUD) website. They have some great suggestions for first time home buyers. http://www.hud.gov/buying/index.cfm
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I just wanted to tell all of you thank you for your advise. I just signed a contract on a house that I love.
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Hey, it depends? Do you have any money to put down and how much? Where is your dream house to be? Are you entirely practical or entirely emotional buyer? Do you want the best value for your money or there are other issues involved? Do you want to make the best long term investment, or you want to get the coolest residense in town for less? If you can answer some of my questions, I'm sure I can help.
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