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What Can You Afford
If you've ever walked into a house and felt that something was off, it probably has something to do with the layout, though a bad layout of a home is not always evident at first glance. Pay attention to not only how the rooms flow into each other, but also the structure, the direction the doors open, the view, even feng shui and other factors. Avoid buying a home with a bad layout-- it will always sell for less because of it.
Learn to recognize when the price is right and scratch off the overpriced homes from your list of possible homes to consider. It's common knowledge that if a home doesn't sell, there must be something wrong with it. And though that's a true statement, in most cases it is not the location or the condition of the home that leaves it on the market. The number one reason an otherwise attractive home doesn't sell is because of it's asking price. Always findout the number of days a house has been on the market before negotiating a price.
Decide on the options that you would like in your new home. What are some things that you have to have and what are some things that would be nice to have if the price was right. A large percentage of all home searches start on the Internet, so search through online listings to solidify what you want. Your next home should fit the way you live, with spaces and features that appeal to you and your entire family. By the time you're ready to go out looking or to enlist a real estate agent, you've already done your homework and you can keep yourself in the driver seat of finding the home that's right for you.
When you're deciding how much you can afford, you'll need to consider how much you have available yourself and how much you can borrow. This will all depend on your income, credit rating, current monthly expenses, down payment and interest rate. But before finally deciding on how much to spend on a property, you need to make sure you take into account the additional costs that go above and beyond just the simple selling price of the house. You will need to allow for additional costs that might include inspection fees, property valuation, legal fees, and etc.
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