Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Tips to Help You Purchase Your Dream Property

By Carina Coronel Subscribe to RSS | January 18th 2012 | Views:

First Time Home Buyers

First-time home buyers should consider not only the home they're looking at, but also the neighborhood. What are the schools in your new neighborhood like? How convenient are shopping and entertainment sites? Questions like this are important to ask so you can establish or maintain a lifestyle that works for you.

Many large cities, like Salt Lake City, Utah, for example, have many excellent sub communities that can be less expensive to live in than the downtown area. Its worth checking into areas like, Draper, Midvale, Sugarhouse and Bountiful if you are looking for houses in Utah for sale. Likewise, most other major cities have great houses for sale in the outskirts of the major city.

An important real estate tip for first-time home buyers is to carefully consider how much they can safely spend. While it may be that a bank is willing to offer a larger mortgage amount that a buyer initially expected, that does not mean it is wise to utilize the full amount. A good rule of thumb is to spend no more than 30% of monthly gross income on loan principle, interest, taxes and insurance on a home. Following this template is a good way to make certain the selected home is truly affordable for the long term.

For first time home buyers the process can be daunting so you should consider hiring an agent that is experienced and can help you along with the process. A buyer's agent is great in that they will save you a lot of time and provide you with listings which meet your specific criteria. In Utah, for instance, a Utah real estate agent that helps a buyer, or buyers agent, doesn't cost the buyer anything, since the agents wage comes from the seller.

First-time home buyers also have to make the decision whether to buy a starter home, or a home they are willing to live in for a long time. Nowadays, with the financial and job market so uncertain, and the housing market unstable, it would probably be a better idea to buy a home for a long period of time. Starter homes, which are usually not ideal for the family, might be hard or impossible to sell, and the buyer may have to live in an unsuitable house for a long time.

Many first-time home buyers make the dire mistake of failing to budget beyond the initial down payment. In most cases, moving and closing costs can account for as much as ten percent of your total loan amount. Prepare yourself by requesting an approximate estimate of costs from your mortgage broker or lender.

For first time home buyers, make sure that you know what you are getting in to. Buying a home can be a frustrating process and one that can make you broke. If you feel like it is too much for you, you can always wait until you are more stable.

Buying a new home can be scary, but it can make your life better in a number of ways. While finding the right home isn't an easy process, the advice in this article will make the experience run a little smoother. With these tips, you'll be the proud owner of a new home in no time.

Carina Coronel - About Author:
Please visit us at houses in Salt Lake City for sale if you are curious to see homes in Utah for sale. You can also find us at houses in Utah for sale! Thank you for reading!

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Real Estate Articles Subscribe to RSS

Property in Lucknow: Come to this city of Nawabs
Published by Vishnu Swaroop on January 2nd 2012 | Real Estate
This article is related to Property in lucknow and Office space in lucknow project and its features ...
Remarkable luxurious life: Apartments for sale NYC
Published by Jack Smith on July 28th 2012 | Real Estate
if you are planning to invest in apartments for sale NYC you just need to do complete research on th...
High sale of homes expected due to first time buyers by Rics
Published by Sam Hopkins on February 28th 2012 | Finance
The Royal Institution of Chartered Surveyors had done a survey in which they reported the home price...
Things need to be consider while purchasing apartments for sale in New York City
Published by Jack Smith on July 28th 2012 | Real Estate
if you are planning to invest in apartments for sale NYC you just need to do complete research on th...
How much price for rent a home in your city?
Published by Andy Wagon on February 15th 2012 | Real Estate
Whether you're looking for houses for rent? If you really want a house with a fairly competitive pri...
Some important points to know before going for a home deal via short sale choice
Published by Myles Yonel on February 7th 2012 | Real Estate
For buying residence on short sale Las Vegas Nevada or anywhere you live, you need to know a couple ...
Finding properties to sale or rent in Chessington
Published by Glyn Jones on January 21st 2012 | Real Estate
An reliable and reputable estate agents makes it quite easy to find the respective properties for sa...
BBD Green city Lucknow: Luxury and Comfort Within Your Reach
Published by Komal Chauhan on April 21st 2012 | Real Estate
This article is related to BBD Green City Project in Lucknow and various facilities these projects a...
Jaipur- from Pink city to a global phenomenon
Published by Ankan on January 23rd 2012 | Real Estate
Jaipur, known worldwide as the Pink city, is one of India’s fastest growing cities and an emergent...
BBD green city Lucknow: Live in a place of your dreams
Published by Komal Chauhan on May 4th 2012 | Real Estate
This article is related to BBD Green City Project in Lucknow and various facilities these projects a...
BBD green city Lucknow: Complete return for your investments
Published by Vishnu Swaroop on April 13th 2012 | Real Estate
This article is related to BBD Green City Lucknow and Emaar Mgf Plots in Lucknow project and its fea...
Choosing between apartments for sale
Published by Richard on February 28th 2012 | Real Estate
There are many challenges when looking for new apartments. There is of course the logistical challen...
Port Washington homes for sale a deal that matters
Published by Jack Smith on July 13th 2012 | Real Estate
People are very keen to get settle, and live their life as king size. Port Washington homes for sale...
Apartments for sale New York provide all kind of luxury and facility to its residents
Published by Jack Smith on June 25th 2012 | Real Estate
If you are going to buy home for yourselves in New York, than go for apartments for sale New York, s...
Condos for sale in South Beach Florida
Published by Jon Smith on May 29th 2012 | Real Estate
South Beach is well known as the party center of Miami, Florida. Here, the fun in the sun continues ...
Looking for beautiful Miami beach homes for sale
Published by Angie Turner on May 25th 2012 | Real Estate
The realty business has suffered poorly at the time of recession and even after that....
Looking for Homes for sale in Seattle?
Published by Eldwin Williams on December 21st 2011 | Real Estate
Are you trying to find new homes for sale in seattle, Washington? Real-estate in seattle are already...
Heritage County : Spanish villas in Bangalore, off electronic city, Sarjapur road
Published by Thirdeyedms on August 16th 2012 | Real Estate
Heritage County : Spanish villas in Bangalore, sarjapur, off electronic city ; A haven of Spanish lu...
Simplify the task of renting flats in the city Kolkata
Published by Abhay Singh on January 12th 2012 | Real Estate
By gone are the days when, Kolkata was considered only as a place of intellectual capital. Today it ...