8 Steps To Buying A Home Anywhere
The home-buying process can be overwhelming, especially for 1st-timers. Even experienced real estate investors have their work cut out for them since every real estate transaction can pose unique challenges. However, the majority of the process (and paperwork, ugh!) is largely the same every time. In this post, I will go over the broad strokes of the home-buying process to help you understand what it takes to become a homeowner. Let’s dive right in!
My Top 9 Tips For 1st-Time Home Buyers
Having bought my 1st home at age 22 and after taking part in dozens of purchases over the years, I’ve been asked by so many people for tips to buy their 1st home. Depending on where you live, the market can be red hot where multiple offers and bidding wars are normal, leaving many of you wondering how to even compete.
In this article, I will talk about common dangers of being a buyer, how to navigate through those pitfalls, and some of my top techniques that I employ when I’m shopping around for a home. Even if you are an experienced home-buyer, many of the tips and tricks I’ll talk about in this article are applicable to buying any home, not just a primary residence.
Why I Decided to Buy Instead of Rent
Many of us grew up dreaming of owning our own house some day for a variety of reasons. Maybe somewhere along the way, a seed was planted in your mind that buying a house is part of the American Dream. Or maybe your parents owned their own house, and you simply assumed it must be the best path for you, too. Well, maybe. Maybe not. To help you make the right decision (and it’s a big one), let’s put those societal factors aside for a moment and focus on the financial aspect of buying versus renting.