If you’re one of the many people who plan to swap rental life for a mortgage in 2017, you’re not alone. For more than 30 years, the real estate attorneys of The Law Office of Peter A. McInish, LLC have helped thousands of Alabama residents go through their first home-buying experience, and this year will be no exception.
Here, the real estate attorneys share three essential tips for buying your first home.
First things first, are you ready to buy your first home? If you’re considering purchasing your first place, being able to answer some basic questions will help you know if it’s the right time or not. Do you know your credit score and have a good history of paying bills on time? Do you know what amount of money a bank would loan you? Knowing the details of your unique financial situation is a great place to start before beginning your search for a new home.
Do Your Research
Before settling on a particular area or neighborhood, make sure you have all the facts you need to make an informed decision on what’s best for you and anyone who will be living with you. Is your new home close to your work and amenities that you’ll need? How is the resale value of typical homes in this area? How are the local school districts? Asking, and being able to answer, questions like these will help give you a better perspective on whether or not a particular home would be right for you and your loved ones.
Be Willing to Compromise
Unless you are building a home, chances are that no home will be exactly what you want. So, to make sure you can get the most for your money (and most of what you want in a home), take your time in your search and explore all of your options. Even if you have your heart set on a specific type or size of home, it might not be affordable or available. Know what compromises you are or are not willing to make to get the home of your dreams.
As experienced real estate attorneys, the professionals at The Law Office of Peter A. McInish, LLC can help you throughout every step of the home-buying process, from your initial meeting to the close of sale. Call (334) 671-2555 today to schedule your initial consultation or visit their website to learn more about their range of services.