Sam in Reverse

For many Americans, owning a home is a dream to work toward. However there are also many renters that have no urge to own. Whether you buy or rent is a personal decision, but if you are thinking about buying there are several things to consider. To avoid getting trapped in a mortgage you can’t afford or a home you can’t manage you need to ask yourself whether you are really ready to buy or if you should continue to rent. The following are a few factors that will help you decide. Finances To purchase a home it is recommended that you save at least 10% of the selling price range you will be shopping in. This amount is needed for an earnest money payment, closing costs and fees. If you are unable to put aside this money while you are renting your finances will need an overhaul before you can responsibly purchase a home.

As a home buyer, you may be looking at auctions to find your new home. Before you raise your auction paddle or tag and hope to hear "Sold!" there are a few things you need to do. Check Out the House When a house that you are interested in goes up for auction, check it out. Make an appointment for a showing and look everything over thoroughly. Ask for specs on the home and property. Ask about recent home inspections and if there haven't been any, arrange to have the house looked at. You will need to know what repairs are going to be required before you decide to start bidding.

Photo: pallspera.com When it comes to searching for a home, safety needs to be a priority. No home is worth jeopardizing your personal safety or financial security for. Check out these tips to help you stay safe while you search for that first home. Never Go Alone When you visit any home, take someone with you. Never go by yourself. This is especially important if you don't know the neighborhood. Always Make an Appointment