Home buying advice
Monday, October 23rd, 2006
When you’re looking to buy a home, you’ll find many people giving you advice and suggestions. Most of them will sound very good - the only problem might be, that some of them contradict each other! One person recommends a staggered payment or interest only mortgage, yet another talks about lower terms, and all of them have multiple options until your head reels.
And the real estate agents or sellers keep coming up with descriptions so appealing that you wonder why you can’t buy all of them!.
A little reality check here. Most of these will come to you from persons who have an axe to grind. The seller wants to sell his house - he isn’t going to talk about the negatives, or give you an unbiased opinion. The same holds true for realtors - they’d rather close the deal quickly, than take time to walk through everything and then try to match it up. And mortgage brokers earn from mortgages sold - they don’t earn from sitting and explaining all the dots and dashes.
So how do you start? The best way, is to get advice before the fact. Start by reading up about it. A good starting point is our Buying a Home articles. Another good resource is Michael Bluejay’s How to buy a house.
These give you an overview of what you need to watch out for. And how to do your homework about buying a home.
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