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02-10-2011, 10:50 PM #1
Fixer Upper
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- Sep 2010
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- London
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Some important points for first time Home Buyers
If you are going to buy home first time then you should be careful because it can be expensive.
1- First of all make sure that you have an idea of the different costs and find out ways you could make buying a home possible and less daunting
2- You should talk to reputable real-estate agents in your area about the real-estate climate.
3- You should make sure you know what the likely council tax charge will be in your new property and some initial costs like : a deposit, Stamp Duty Land Tax, surveyor's fees, lenders fees and charges, Land Registry fees, removals/or moving in charges.Last edited by jamesrobartson; 02-10-2011 at 10:53 PM.
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02-11-2011, 06:19 AM #2
Renter
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- Feb 2011
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- 4
thanks for the informations. it was really helpful.
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02-15-2011, 11:28 PM #3
Fixer Upper
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- Sep 2010
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In my opinion these are the most important points for first time home buyers and also government provides several schemes for first time buyers. Buyers should visit properties like newly developed houses, new homes, newly built houses and residential property for sale.
Last edited by Chief Tutor; 02-16-2011 at 09:23 AM.
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02-16-2011, 07:46 AM #4
Fixer Upper
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- Feb 2010
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- Madison Heights, MI, USA
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Use Play Money before Really Buying Your First Home
Our group focuses on homes for sale in Farmington Hills MI, but A lot of people think that they have to buy a home immediately.
All of the time, I hear things like, "I can't stand that I'm wasting my money renting. If I buy a home, it will be going toward something, at least."
While, in part, this is true, there tends to be more tongue wagging than brain churning.
A lot of soon-to-be home owners tend to have no idea how many costs are involved with owning a home. There is home insurance and property taxes, and when these are tied together with the mortgage, often people are paying more each month than they planned.
This does not even begin to take into consideration that you have to pay for your own maintenance now, unlike most renters.
So we suggest that you "play house" before actually buying a house. Talk to an experienced real estate professional (We certainly can help here!) about how much your actual cost is going to be once you buy the home and begin living in it.
Act like you have to pay that much. Don't touch the "extra" money, no matter what. Try this experiment (of playing house) for 3 to 6 months. If you see that you can handle it without too much difficulty, then you're probably ready for that house.
If not, it's sure better to find NOW than after you get your 30 year mortgage.Last edited by Chief Tutor; 02-16-2011 at 09:23 AM.
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02-16-2011, 09:06 AM #5
Banned
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- Feb 2011
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- 61
I completly agree with the above posting and want to give the posting party major kudos for emphasizing the need to get pre-approved by a reputable lender prior to beginning a home search.
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02-17-2011, 03:31 AM #6
Renter
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- Feb 2011
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- 2
some important points for first time Home Buyers
firstly you want to visit the different property dealers then you can compared the rates and you can take a decision which is best property for you.
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02-18-2011, 01:51 AM #7
Fixer Upper
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- Jan 2011
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02-21-2011, 04:31 AM #8
Fixer Upper
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- Sep 2010
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- London
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Tips, rules and formulas are really just guidelines. You have to use common sense and learn from experienced people if you are first time home buyer.
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02-22-2011, 10:18 PM #9
Banned
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- Jul 2009
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- Connecticut
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- 522
Every new buyers must have knowledge of everything and mainly the guidelines that really matters in buying home and if they are putting the best efforts than they can work on that points to be successful.
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04-25-2011, 11:26 PM #10
Banned
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- Oct 2010
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- 269
For the first time home buyers it is worth necessary to first look for the capital they have and then to the location so that, it will be very easy in making deals further.
Home buyers those are first timers needs to be very focus on positive investments that are worth.



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