Simple Advice

Some simple advice about your next home purchase.

#1. Meet with and discuss your finances with an established lender to determine how much of a home you can purchase and to decide how much of what you can afford you are actually willing o commit to a new house payment. Determine the specific price range you want to consider. Basically, it’s getting your financial house in order. Personally, I would suggest you stay away from the lenders who are advertising on local radio and television stations. Talk with someone you trust and see who they might recommend or be willing to refer you to see. If something sounds too good to be true, trust your instincts. But, most importantly, be patient.


#2. Get acquainted with a good Realtor. Obviously, for selfish reasons I would hope that would be me. In fact I was referred to as the "Better Broker" yesterday by a peer. It was very flattering.

#3. Look for the least expensive home in the nicest neighborhood which is within the price range you have determined you want to consider. Review the statistics of the neighborhoods you are considering and only consider homes which are at or below the medium price of the homes in any given neighborhood.

Actually these rules are not my own and I don’t really remember where I first heard them. But they make good financial sense. In our world today, too many buyers are only willing to accept something new or perfect or remodeled and end up paying well beyond the medium price for the location they have chosen. In those cases, if you do end up having to sell within the first few years of your ownership, your home should be easier to sell. Again, to review the benefits of home ownership please refer to my previous blog entries.

Thanks for showing up and do have a great day always remembering to:

Do Good ….. BE GREAT ….. 110% …..