Do's & Dont's When Buying a Home
Updated: Dec 6, 2019
I thought it might be interesting to pull together a short list of some of the things you should and should NOT do in the real estate world in an effort to offer up some insight for your next purchase or sale.
In no particular order, here they are:
Do – Get Your Money Situation in Order
Before you start to buy into the housing market, it is extremely important to have your personal finances in order. This means that you should have a handle on what your current income is, what your ongoing expenses are and what your outstanding loans are. A good way to do this is to track your income/expenses for two or three months to see where everything ends up.
Do NOT – Forget to Define Your Real Estate Goals
Sure, it may be easy to say you want a bigger home or even that you’re ready for your first home, but before you start looking at properties you need to think about the bigger picture. Once you have figured out what your actual real estate goals are, you’ll have a better focus on what will or will not get you there.
Do – Some Homework on Related Topics
When you get a chance, spend some time researching how the real estate process works. Even if you end up sacrificing weekends or evenings, the more knowledge you have, the better prepared you will be when the time comes to make important decisions.