Despite a rough economy, the house market is beginning to rise again and with it, numerous opportunities for potential first-time home buyers or families to find security in a new home. You want to work with a reputable realtor, such as http://orchidislandrealty.com. There are a number of things to watch out for however, that can make the process even easier:
1) Look for foreclosures/short sales – These houses are often owned by banks who are simply looking to get them off the market. If one looks hard enough, they could get a tremendous deal on a big house at a bargain basement rate.
2) Check out the neighborhood – A drive by the neighborhood at different times of day is recommended as it will prove as a good gauge of what type of culture the neighborhood has. This is most important with families with children.
3) Ask for first-time home buyer deals – First-time home buyers can catch numerous breaks if they ask the right questions. Some of these range from decreases in rate to potential no-money down options for good credit.
4) Last time roof/water heater replaced – The major parts of a house, such as a roof, electrical wires, etc. should be questioned by potential home buyers. These items cost thousands to replace and you could be getting into a house at the very end of the shelf-life of one of these items.
These are just a few of the tips that will allow one to make a proper choice in choosing a new home and in many cases – beginning a new life that starts out on the right foot.
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