2006-06-30 08:56:17 · 7 answers · asked by bciara666 1 in Home & Garden ➔ Other - Home & Garden
As someone said, wait. Or if you do buy now, make sure that it is something you are absolutely in love with, and willing to live in for possibly the next 10 years until (hopefully) we get a surge in prices again.
2006-06-30 09:11:20 · answer #1 · answered by my brain hurts 5 · 0⤊ 0⤋
New house make sure it is a reputable builder.
Older home get a home inspection by a professional, and not one from the bank or Realtor, find your own and pay him/her yourself!
Check into all the local, state, and federal first time buyers programs!
Don't settle for a home that you are not 100% crazy, keep looking you will find the right house for the right price in the right location if you are not in a hurry!
2006-06-30 09:01:41 · answer #2 · answered by me4tennessee 6 · 0⤊ 0⤋
Don't buy more house than you can afford. It will end up costing you more than you expect if you are just looking at what the mortgage will be, be sure to think about taxes, insurance, utility bills, and most importantly repairs.
Make sure to get an inspection first.
2006-06-30 09:01:15 · answer #3 · answered by Josiwax 3 · 0⤊ 0⤋
Wait. The housing market is starting to cool. Wait 6 months and prices may start to fall sharply. Many believe that the bubble will pop.
2006-06-30 09:02:16 · answer #4 · answered by eddygordo19 6 · 0⤊ 0⤋
You need to be on top of things. We found out our loan fell through because our realtor didn't do the proper paperwork on the day we were to close escrow!!! Then we had to scramble just to find another loan at a higher rate. Don't just assume they know what they're doing.
2006-06-30 09:31:47 · answer #5 · answered by MagPookie 4 · 0⤊ 0⤋
Do all the research that you can , because there are many different programs that may help you . Depending on the area that you pick . Check on probate and Hud homes , forcloseres and Bank Repos.
2006-06-30 09:12:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
go with a fix loan only,, have house inspected good.
2006-06-30 14:32:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋