Quote:
Originally Posted by srs123
Buy a home that you can pay off the mortgage off on one income. It is less stressful if you or ur partner lose their job.
Figure out if the place will serve you for at least 5 years. Statistics show that 66% of first time home owners move within the first 3 years. And lose a bit of money on realtor fees.
Buy in an established neighborhood new or old doesn't matter.
Get a home inspection done
When you put out ur offer, put a stipulation there that 5000 will be held back from the purchase price until 3 days after moving in case the previous owners change something or scratch something. I just had this work for me a few months ago when we bought our place. The previous owners hired a moving company and the scratched the hardwood floors while dragging a dinning table to the door. So we clawed back 3000 to fix it.
Shop for rates, higher a mortgage broker if u are too busy.
Ask for second and third showings if u want and write everything down and take photos for comparison once u receive home, it will make it easier to remember which house had what
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Our plan was to buy one home and stay there. Everyone tells us to buy something small and cheap, then upgrade in 5 years. Why not just do it once and get it over with.