4 Questions to ask before buying a home gas pump emoji

##########

Before you start adding properties to your “favorite” list on your most-visited real estate portal, consider the many possible answers to these questions and then decide what’s best for you. Even if you enjoy making big decisions by the seat of your pants, you’ll find that a little bit of thinking and planning before taking the (huge!) step of buying a home will give you confidence that you got a good deal … and the ability to find a place that’s absolutely perfect for you. e electricity bill payment What do I want?

What’s an ideal level of neighborhood walkability for you? Would you prefer to be close to your gym or yoga studio chain, or a hiking trailhead? What kinds of schools or pet facilities are nearby? Is the area close to any large cultural or sports centers? What’s the crime rate like? What’s the commute like, and is there decent public transportation? Are any or all of these things good or bad for you, personally?

Some of those preferences will be just that, and some will be dealbreakers. gas welder salary If you’ve got a large-breed dog and really require a big backyard, it’s okay to put that on your “must-have” list — but try to keep that list significantly shorter than your “nice-to-have” list. You might be surprised by how your preferences shift once you begin actually looking at homes available on the market, so it’s good to have some kind of idea of how important each home feature is to you and your lifestyle and also know where you have a little room to compromise.

It’s smart to keep your options open at every stage of this decision-making process. wd gaster If you don’t have a friend who lives in the type of house and area that you’re eyeing, it might be a good time to connect with a local real estate agent. They’ve helped people just like you buy a home before — and they might know about perfect neighborhoods that aren’t even on your radar, or which items on your must-have list are easy to implement yourself if a home doesn’t currently have it. gas x strips after gastric sleeve What can I afford?

A local insurance agent can also give you a good idea of what you’ll be paying for homeowners’ insurance on the property. And this is an area where you might actually be able to save a little money elsewhere — if you have a car, you often will receive a discount for packaging your auto insurance and homeowners’ insurance with the same carrier. gas mask ark You might also want to consider some ancillary insurance, like flood or earthquake insurance (and flood insurance is required on some homes).

Speaking of the down payment: Don’t forget that whatever you bring to the table will be applied to the home sale amount, so you probably won’t be asking for a loan that’s the exact price tag of the home. For example, if the home you want to buy costs $200,000 and you have $40,000 (20 percent) to put down on the home, then you’ll be borrowing $160,000 from the bank instead of the full $200,000.

And while you’re working on your credit, do yourself a favor and look up what down payment programs might cater to your situation at a website like www.downpaymentresource.com. 4 gas laws Depending on your age, state of residence, whether you’re a first-time homebuyer (it still counts if you’ve reverted to renting for several years!), and a few other factors, you might be eligible for free money that can only be applied toward a down payment on a home. Some programs supporting responsible homeownership require recipients to attend a few classes about buying a home and how to pay off a mortgage — but that’s time well spent if the payoff is four to five figures of cold, hard cash to put down on a home.

When you feel as financially robust as possible, ask your loan officer to pre-approve you for the loan amount you can afford. This will make it possible for you to immediately place an offer on a home if you find one that you love instead of waiting for lender approval … and you’ve already gotten through the hard part, so you might as well make it official, right? How do I make the best bid possible?

This is where a real estate agent becomes truly valuable in the process; they’ve seen offers that flew and offers that flopped, and they do this every day. If you’re not working with an agent yet, find one and ask for some data about homes sold on the same block (ideally) or in the same neighborhood that are a comparable size, in comparable condition, and have comparable features.

Sometimes a seller considers list price to be a jumping-off point in negotiating a final sale — and sometimes that list price is set in stone and the seller isn’t going to be moved. Your agent can give you a feel for whether you really were offering a number well below market expectations or whether it’s more likely to be a seller’s inflexibility.