By Family Realty
Are you thinking about buying a home but aren’t sure how to get started? You’ve come to the right place!
In this post we will share with you 10 secrets to buying your first Louisville home.
Tip 1 – Research Louisville Neighborhoods
One of the first things you should do when you’re planning on buying a Louisville Home is research area neighborhoods so you will know exactly where you want to live in Louisville Kentucky.
Tip 2 – Pull Your Credit Reports
An essential step towards buying a Louisville Home is to pull your credit reports just so you know exactly what’s being reported about you by the major credit reporting agencies like: Equifax, Experian and Transunion.
Tip 3 – Save Money for the Down Payment and Closing Costs
Although saving at least 20% for a down payment on a home is key, you should also save at least 3% to 5% of the homes purchase price to pay for closing costs.
Tip 4 – Get Pre-Approved For a Mortgage Loan
Pre-approval is an important step towards buying a home because, this will tell you the exact amount of money you have to work with when you buy a home and it will also put a homeowners mind at ease when they realize that your financing is secure.
Tip 5 – Don’t Wait For the Perfect Time
It’s tempting to wait for the perfect time to buy a home because, the Real Estate market and mortgage interest rates are always changing but the reality is that the best time to buy a home is when you have the money and find a home which will be perfect for you.
Tip 6 – A Bigger Home Isn’t Always Better
Did you know that although it may be tempting to buy a bigger home that won’t
Tip 7 – Say YES To a Home Inspection
Before agreeing to buy a home you should always have it professionally inspected since this will also help you to know what problems the home may potentially have underneath the surface.
For more tips on buying your first home contact Family Realty today by calling us at (502) 458-4100 or click here to connect with us online.