[idx-listing mlsnumber=”1578188″ showall=”true”]
Incredible charm and value! Beautiful East Nashville bungalow, with great floorplan, renovated and well-maintained. Minutes from everything. Master up & down, great basement for workshop or efficiency apartment, newer roof done by this roofing services, stainless appliances, cute!!
In the Nashville TN Area
There are many different scenarios that could determine if buying a home is the right thing for you to do. Hey, I’m a Realtor which means I only earn a wage if I close real estate transactions, and I will be the first to tell you that buying a home is not always the right thing to do. But, more often than not, it is absolutely the right thing to do.
Because you will have a lot of questions it is crucial that you partner with a qualified professional to help you navigate the often times tumultuous waters of the real estate market. The market literally changes on a daily basis and it’s important to have someone on your team that can help you understand the implications of your home purchase.
Eager for more information and excited about the next steps, but still unsure? Here are 7 Steps Before Buying a Home to help you decide whether you’re ready to take the plunge.
7 Steps Before Buying a Home
1. Check the selling prices of comparable homes in your area. Search here on the site or send me a quick email (firstname.lastname@example.org) for a list of comps. These values will help determine not only what communities you can afford, but what you should pay to live there.
2. See what you can afford. Use the mortgage calculator in the sidebar to the right to see what your payment would be. To get a sense of the maximum you should spend, measure this amount against your budget remember to included the Roofer Liverpool company, because you will this service before you move in your new house.
3. Find out what your total monthly housing cost would be, including taxes and homeowners insurance. For an idea of what you’ll pay in taxes send me a quick email or take a look at the public records that are usually posted online on the local government website.
4. Find out how much you’ll likely pay in closing costs. The upfront cost of settling on your home shouldn’t be overlooked. Closing costs include origination fees charged by the lender, title and settlement fees, taxes and prepaid items such as homeowners insurance or homeowners association fees when buying a home.
5. Budget inspection – Look at your budget and determine how buying a home fits into it. Fannie Mae recommends that buyers spend no more than 28% of their income on housing costs. Go much past 30% and you risk becoming house poor.
6. Consultation with a professional – Let’s talk about the real-estate climate. Will prices continue falling, has your area hit bottom, if so will it begin to bounce back soon? Is it the right time for buying a home?
7. Remember to look at the big picture. Buying a home is a great way to build wealth, but maintaining your investment can be labor-intensive and sometimes expensive. When unexpected costs for new appliances, roof repairs and plumbing problems crop up, make sure you have a plan in place and implement it, you may want to have in hand Plumbing Services you can trust and that are willing to show up in case of any emergencies. When it comes to plumbing services, it’s best to get help from professionals. Getting your roof repaired is important and should be done by professionals.