One of the most important things to do before buying a home is to consider your future plans because although many people think that buying a home involves purchasing a property with three bedrooms, two bathrooms and plenty of square feet your home purchase is much more than that.
In today’s post we will share with you several important questions to ask yourself before buying a home.
Can You Put More Money Down On The Home?
Thanks to FHA and HUD loans it’s possible for many buyers to purchase homes by putting down as little as 3%, but before choosing an option like this you should evaluate your finances and ask yourself if you can put down more than the minimum amount of money to buy a home because this will help you to lower your monthly mortgage payment and your long term home ownership costs.
Is Your Credit Score What It Should Be?
Another important thing to consider before buying a home is to ask yourself if your credit score is what it should be before you apply for a mortgage loan because, the higher your credit score means you will be able to afford a low mortgage payment while a lower credit score means your mortgage payment may be higher than you originally expected.
Do You Plan On Starting A Family?
If you’re newly married or single, and want to be married, one of the most important questions you must ask before buying a home is if that home will be the right property for you to eventually start your family, and have plenty of room for your family to grow.
Will This Be Your Forever Home?
Although many people buy homes with the goal of them being their “forever” homes the reality is that some buyers will only live in homes for 5 years before moving up to another home so it may be wise to ask yourself how long you intend on staying in your home because this will affect your home buying decisions and choices right now..
Contact Fred Sed Realty
To learn more questions you should ask yourself before buying a home, or to view Southern California homes for sale, contact Fred Sed Realty today by calling us at (800) 921-9231 or connect with us online.