Buying your first home

**florida real estate** · 12-09-2009, 10:53 PM

The best way to prepare financially is to be pre-approved by a lender. During this process, all of your information is verified and you can receive a written commitment from the lender. This carries more weight with the seller and shows that you are a serious buyer. However, it can take up to a few weeks to verify all of the information.
Be aware of costs that may not be obvious. Many buyers only look at the monthly mortgage payment in deciding affordability. Additional costs such as down payment, closing costs, taxes, insurance, homeowners association dues, inspections, loan fees, legal fees and surveys can add up to more than your budget may allow. Talk with your Realtor

**Grace Pollock** · 12-23-2009, 06:03 AM

This is the best points and all the things said above is totally valid and absolutely right in this context of purchasing a new home while sell out the old one and it is definitely a responsible and difficult task and these guide lines are very helpful to understand the basic mistake a home buyer always has been done.

**clarkdavid** · 12-23-2009, 11:14 PM

Buying a first home is just like buying new diamond rings for first marriage.You need to be very particular about thing.Design,Location,Quality of the material and many more.

**Sabir** · 06-16-2011, 05:07 AM

Yes all things are absolutely all right.. And great to hear this all.

**myplace_11** · 06-22-2011, 02:28 AM

when buying a houses you should be financially capable, or better yet get a loan and sure to pay it.

**mikesmith** · 06-22-2011, 05:35 AM

Originally Posted by clarkdavid

Buying a first home is just like buying new diamond rings for first marriage.You need to be very particular about thing.Design,Location,Quality of the material and many more.

Defiantly going to agree clark here its more like you are working hard to fulfilling your dream to satisfy not only your heart but soul... in my opinion it is one of the most important decisions of life like getting married... so one have to be extra careful before buying one...

**jumpingspidermedia** · 06-22-2011, 04:11 PM

Originally Posted by florida real estate

The best way to prepare financially is to be pre-approved by a lender. During this process, all of your information is verified and you can receive a written commitment from the lender. This carries more weight with the seller and shows that you are a serious buyer. However, it can take up to a few weeks to verify all of the information.
Be aware of costs that may not be obvious. Many buyers only look at the monthly mortgage payment in deciding affordability. Additional costs such as down payment, closing costs, taxes, insurance, homeowners association dues, inspections, loan fees, legal fees and surveys can add up to more than your budget may allow. Talk with your Realtor

Very well said! I've got your point straight!

**juliettelixora** · 07-06-2011, 01:25 AM

some people who have contractual work or seasonal work even manage to buy or purchase a home. It all boils down on how you are financially supplied and how well we budget the money to set aside those important bills.

**jessicahunny3** · 07-10-2011, 11:10 AM

I suppose anything is possible if you can find a 2nd mortgage company to lend on the property using a higher value than what you paid, but this would be very uncommon; especially in this market.
What you need is a lender who can do FHA 203K loans. They provide funds for the purchase and the improvements in the same loan at the time of purchase and can use the value after repairs.thanks