Increase your chances of getting your dream house instead of
losing it to another buyer, with these easy
how much home you can afford. Generally, you can afford a home equal in value
to between two and
breaks. The U.S. Tax Code lets you deduct the interest you pay on your
don't ask enough questions of their lender and miss out on the best deal.
picky, but don't be unrealistic. There is no perfect home.
your homework before you
real estate professional who's simpatico. Homebuying is not only a big
No home is flawless, but certain physical problems can be
expensive. Watch for:
are your qualifications? Are you a member of the American Association of
Look for dents or buckling
Look for cracks or water seepage
is the assessed value of the property? Note that assessed value is
generally less than
you buy, contact the condo board with the following questions. In the process,
youll learn how
If your income and savings
are making homebuying a challenge, consider these options.
Be sure that:
Repairs youve requested have been made. Obtain copies of paid bills and any related
The lender must disclose a good faith estimate of all settlement costs. A check to cover your closing costs
The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1