Jun 26, 2019
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Home Buying guide for a First Time buyer

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If you ask anyone what would be their ultimate goal, you would mostly hear them saying ‘buying a house’. This is in the truest sense the ultimate goal for anybody who is either living in a rented home or has been or still living with their parents. Whatever the reason may be a house is a matter of pride and reputation for all of us.

Although buying a home is everyone’s dream, but to achieve it is not an easy task but an involved challenge. It requires a lot of searching when looking for something that your heart sets on plus it should be within your affordability. You just need to know how you can go searching for your dream home.

How to start searching for a home?

Choose a real estate agent: Who can and would help you better than a real estate agent? A person having expertise in dealing with buying and selling a property which can help you in a much better way. They keep a track of changing market trends and the prices of the homes to be sold in a particular area. Also, they can help in negotiating a deal along with finishing off the legal formalities related to home buying.

Search on the Internet: Self-studying and researching the market could prove beneficial when looking for a perfect home and dealing with all the legalities. Hundreds of property sites are loaded with real estate data which not only have a list of properties but also guides you on how to buy a home.

Social Network: Having a social network nowadays not only means having a ton of friends but also a ton of information and experiences. A big circle of social buddies can help you assist in finding a home for yourself.

What should you know after selecting a home?

Choose the location: The location is the most important thing you must consider when searching for a home. It should have a clean and hygienic surrounding with suitable parking space, children play area and close vicinity to daily basic needs.

Amenities: The location where you are determined to buy a home should be equipped with amenities such as 24×7 water and electricity, supermarket within walking distance, schools, transportation, etc.

Some legal points to remember: When applying for a home loan at the time of buying a home, look out for a few things such as your credit score, employment status, rates of interest, etc. Keep your options open and check for the best interest rates that different lenders are offering. Also, research about the law and taxes aimed for the home buyers so that you can avail all the benefits the government has to offer.

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Finance enthusiast and a part time blogger

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