How Do I Buy a Home? Let Juan Leal walk you through the home buying processAugust 26, 2015
When figuring out what type of property to buy it is important for the homebuyer to understand the process of finding and financing the right home. The method of finding a residence requires a large amount of time and effort. However, there are ways that a buyer can make the activity easier and more manageable.
Tip #1: As soon as a buyer decides they are ready to purchase a home, they should begin researching real estate listings in websites, newspapers, and magazines. Keeping notes of the houses that they are extremely interested in will allow them to develop a sense of the housing trends in their area of choice.
Tip #2: Set a budget early on. Creating a set budget is necessary for all homebuyers, as this will allow them to focus on specific houses rather than getting overwhelmed by the amount of options that are available to them. Additionally, it is best if the cost of the home is no more than three to five times a buyer’s annual household income. This allows for a 20% down payment and a possible adjustment in regards to the mortgage amount.
Tip #3: Consider the advantages and disadvantages to hiring a real estate agent. Employing a Realtor to do the work regarding the search for a home is most times a smart decision. Real estate agents are professionals in the real estate market and they are able to provide helpful information on homes and neighborhoods that may not otherwise be accessible to a buyer.
Miami Beach Lifestyle provides expert real estate services to residential buyers and sellers in Miami Beach and surrounding communities. Contact us today for more information on Miami Beach real estate and for professional assistance navigating this sometimes complex home market. Thinking of selling your home? Find out What is my home worth and what it may sell for today.