Use this tool to isolate a variable in the determinants of a mortgage payment. Answer the questions listed below. If you require assistance, click the 'Help' buttons on the right. Complete any three of the four questions. When you are finished click the red 'Compute' button next to the incomplete question.
Familiarize yourself with the fundamentals of real estate before you invest in your first property.
Make sure your information is up to date. You have to know and be realistic about today's real estate market.
Location matters, so before you buy any real estate property, ensure that it's in a good location.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved.
Keep in mind, the commission is always negotiable upfront, before you sign a contract.
If you are working with agent, make it clear that you want the agent, not his/her assistants, to represent you.
Before you buy any real estate property, have it inspected by a professional home inspector.
If you are buying property with a partner, have a proper partnership agreement to protect both of you.
Make sure you read your listing or buyer’s agreement carefully before signing it.
Don’t skip the final walk-through to make sure that everything is done properly, and that the items you agreed should stay are still there.
THERE ARE THREE FACTORS TO CONSIDER BEFORE SETTING OFF TO FIND A NEW HOME:
STAGE OF LIFE, WHAT YOU CAN AFFORD AND WHETHER YOU SHOULD BUY OR RENT.