Now that you have decided you want to buy, and you are pre-approved, here are some of the other questions you may have.
Should I buy new construction or older home?
If you’re thinking about buying a home, the first thing you should do is focus on exactly on what you're looking for. Start by establishing your priorities in these three areas:
- Location: How will the location of schools, shops and transportation affect your choice of neighborhoods?
- Personal tastes: How large a home do you need? What style of architecture do you prefer? On what kind of lot?
- Budget: How much home is wise for you to own?
There is also the question of whether or not to buy a new home. New homes tend to have more spacious living and family rooms, and they’re generally easier to maintain. However, many homes built years ago offer more total space for the money and larger yards. Taxes may also be lower.
Many people are charmed by the character of an older home, but deterred by potential maintenance costs. Coldwell Banker Residential Brokerage's Home Protection Plan gives you a safety net for unexpected repairs on many home systems and appliances for a full year or more after you move in.
What are Closing Costs? You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing.
It is not unusual for a buyer to ask for closing help from a seller. Also there are lender programs available to buyers who offer closing help or lender credits. While it seems overwhelming, I will help you to make sure you are prepared.
For a list of cost that are associated with buying a house click Common Closing Cost for Buyers
What is the best source for me to find homes?
Your agent is the best source for you to find homes. They will take the information you have provided and search for homes that meet that criteria. Your agent will search the MLS which will have all of the current listings and their updated status available to them in real time. Any home you see that is listed with a broker will be here, so no matter which site you see a home on the internet (Zillow, Redfin, Realtor.com etc) your agent will be able to see.
I recommend that buyers drive around to neighborhoods they like at different times of the day. Talk to friends and others who live there. Check out schools and other information before you go to look at a home.