Guest" /> 5 Renting To Buying Things To Know

5 Renting To Buying Things To Know

Dated: 10/02/2014

Views: 877


GOING FROM RENTING TO BUYING A HOME: 5 THINGS TO KNOW

Going From Renting to Buying a Home: 5 Things to Know


Guest post by JT RiptonSo you’ve decided it’s time to leave the world of renting and buy a home. If you’ve always rented, you’re in for quite a few changes as you look to buy. Here are five things to look out for as you start the process of buying a home.

GET YOUR CREDIT IN CHECK

Before you start dreaming about white picket fences or painting the walls your favorite color, you need to make sure you have a credit score that will make the banks want to give you a mortgage. In general, the higher your credit score, the lower your interest rate, which means your credit score can save you thousands of dollars.

BUDGET, THEN SHOP

You shouldn’t even think about house hunting until you have your finances sorted out and understand the newly implemented mortgage rules. Many first-time homebuyers make the mistake of finding a place they love and then sorting their mortgage around it.Before you start looking at houses, meet with the bank to determine what interest rates and mortgages you can afford. A good real estate agent will only show you homes in that price range.

TAKE THE INSPECTION SERIOUSLY

Before you get your heart set on the home of your dreams, you need to have the property inspected. When you rented, inspecting the property meant checking to see if the appliances worked or if there were holes in the walls. If anything major came up, such as a drainage or mold problem, the landlord or superintendent handled it. But now, it’s up to you and your home inspector to spot everything from mold to leaks before you buy the home.

 

Blog author image

Shirley Henderson

Being transplanted into the little town of Easley in 1969,from Ohio was a great shocker. So,I guess you could say I'm a Half Breed Southern. I’ve really enjoyed the people and the quietness of the a....

Latest Blog Posts

New Home In Williamston In Mill Creek Subdivision Is Ready To Move In

123 Crown Court-Williamston 29697Listing price $142,900 with 3 Beds, 2 Baths, 1 Half Baths,This home was built in 2018 and has never been lived in. It is located in quiet Mill Creek

Read More

Great Home In Great Location 29625 And Price Reduced

1227 Phillips Road-Anderson 29625$284,900 with 4 Bedrooms & 3 Baths, 1 Half Baths  *****Price Reduction***** Looking for a move in ready home? This is for you....Just

Read More

DONT LOOK WHERE YOU DONT WANT TO GO

DON’T LOOK WHERE YOU DON’T WANT TO GO Are you familiar with the idea that we tend to attract more of what we focus on? Here’s a great story that perfectly illustrates this concept.

Read More

5 Disasters That Always Leave New Homeowners Clueless

5 Disasters That Always Leave New Homeowners CluelessLike what to do when a tree falls. Read Visit houselogic.com for more articles like this.

Read More