Buyers
A home is probably the biggest financial investment you will make in your life. Before you get started, do some homework. This handy Buyers Guide will show you some things to keep in mind as you’re hunting for that home of your dreams.
1. Determine how much you can afford
2. Shop for a home
3. Find a real estate professional
4. Research different mortgages
5. Make an offer
6. Begin contingency period
7. Buy homeowners insurance
8. Complete settlement or closing
How much house you can afford is largely dependent on how large a mortgage basically, a home loan — you can handle. Start your research by using a simple mortgage calculator to see whether you can afford to pay the monthly mortgage on the kinds of houses you have in mind.
You may even apply for a mortgage at a lender before you start looking for a home. This is called getting pre-qualified for a loan; it will tell you exactly how much you can afford and may make the closing process go faster.
But, remember that owning a home involves more than a monthly mortgage. You’ll also have to consider money you’ll need to have at hand when you make an offer, when you close on a home and on a monthly basis after the home is yours.
Florida Preconstruction Programs offers the latest in Short Sales and Foreclosures, as well as Preconstruction information. We are committed to offering buying, selling, and investment opportunities in one of the hottest real estate markets in the country, Florida. Buyers are able to profit by purchasing property at the bottom of the market, sometimes even before it is available to the general public.