How A Realtor Is Beneficial When Buying A Home

There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. Click here.

How A Realtor Is Beneficial When Buying A Home

6 April 2016
 Categories: , Blog


Have you decided to expand the size of your family and want to purchase a home for the first time? Your experience through the home-buying process will be a lot less complicated if you have a real estate agent by your side through it all. This article explains the benefits of utilizing the services of a realtor to buy your first house.

Creating a Plan Based On Your Needs

The first step of the home buying process is to determine what you can realistically afford on your budget. A real estate agent will begin helping you by finding out what kind of home you are looking for. For instance, he or she will create a list that is based on things such as the neighborhood, house features, and commute to work that you desire. The list of your desires will lead the agent in the most ideal direction for your house search and allow him or her to show you homes that are most likely to satisfy your needs without going over the budget. He or she might even show you houses that are fixer uppers if they have the potential to become your ideal home with a little renovating.

Assistance with Making the Right Decision

Trying to decide on which house to purchase can be a complicated task, especially if you view several of them that have the features you desire. A real estate agent will help you narrow down your list to the ones that will be the most beneficial to your situation. For instance, he or she might suggest that you purchase a home in a neighborhood that has good schools that your children can attend as they grow up. The agent will also have knowledge about the income potential of the homes if you decide to rent or sell your home in the future. You don't want to purchase a home in a neighborhood that has homes that are depreciating in value due to the type of people who are living in or around the neighborhood, such as felons or other potentially dangerous criminals.

Help Obtaining a Loan

If you have no clue as to which loan company is likely to approve your application, a real estate agent will come in handy. He or she will point you in the direction of loan companies that are likely to provide the funds for a new house with decent interest rates. The agent can also stay in touch with the loan company on your behalf to make sure the application is processed in a timely manner. Contact a realtor so you can begin the home-buying process.

For a real estate agent, click on the link http://www.cbgeorgerealty.com or do an online search. 

About Me
how much of a mortgage can you afford?

I have saved up for a down payment on a house for the last ten years. Each week, I would take 10% of my paycheck and put it in a special savings account that I could not access. Once I finally had enough money put away, I began looking for houses in the area that I could afford. But, what could I really afford? How much of a mortgage could I qualify for? There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. My blog will teach you how to make this determination.

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