Are You Ready To Buy?

As with any major purchase, it pays to be informed prior to making any decisions.

As experienced buyers already know, buying a home is a complicated process, so it's important to start at the beginning and thoroughly understand each step. Whether you're buying your first home or your third, make sure you have the necessary financial resources and have explored all your options before you purchase a new home.

If you're a first-time buyer, you should weigh the pros and cons of homeownership versus renting. There are many advantages and disadvantages to consider. For example, renters have the freedom of mobility if they choose to move, but their monthly rent checks do not establish long-term equity or produce any other benefits. And while homeowners' mortgage payments accumulate equity, these payments are generally higher than rent payments and come with the responsibility of managing the care and upkeep of the property.

Both new and experienced buyers have their own sets of financial considerations when it comes to buying a home. Move-up buyers should evaluate their financial situation to ensure they're prepared to meet the higher mortgage payments involved with relocating. Likewise, first-time buyers should determine if monthly mortgage payments fit in their budgets. In addition, you'll need to be prepared to cover the down payment and closing costs. And you should consider whether you meet the basic criteria to qualify for a mortgage; lenders prefer that applicants offer a stable job history and a good credit record.

For more information on the Home Buying process, please contact Nakia Evans at 443-864-1358 or 410-252-2111.  Also visit my website.

Nakia Evans, GRI, REALTOR

Coldwell Banker Residential Brokerage

22 W. Padonia Rd. A-100, Timonium, MD 21093Office phone: 410.252.2111 

Direct phone: 443-864-1358
Email: nakiaevans@cbintouch.com
www.NakiaEvans.CBintouch.com

	Coldwell Banker and the Coldwell Banker Logo are registered service marks of Coldwell Banker Real Estate LLC. Coldwell Banker Residential Brokerage is owned by a subsidiary of NRT LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation.