Many Americans hope to participate in the so-called American Dream by owning a home of their own. However, given that for most of us, the value of your home often represents your single largest financial asset, wouldn’t it perhaps make sense to proceed as intelligently as possible and consider as many relevant variables as possible? ? , as possible, before you go ahead and make a final decision? After more than a decade as a licensed real estate seller in New York State, I proudly endorse my registered trademark slogan, I will always tell you what you need to know, not just what you want to hear! A consistent message, which must be articulated, understood and followed, is to focus on specific keys, to decide and determine, if and when, you should buy a house, as well as a specific one! With that in mind, this article will briefly attempt to consider, examine, review, and discuss 4 keys to deciding to buy a home.

1. Your needs/wants: Start by differentiating between your staff, wish list, and what you really need! How many rooms are you looking for and why? How much ownership makes sense. for you and your personal situations? What parts of a house are most important and relevant to you and why do you think this is the case? How about the neighborhood, region, specific block and location? Have you checked safety/security, schools/education, transportation convenience, shopping, places of worship, to determine which one is the most valuable, for your specific wants, etc.?

two. Credit: Before starting the search for your supposed home, the one you need, be honest with yourself and carefully review and verify the quality of your credit. Get a copy of your credit report and make sure there are no errors! Are there any fixes that could improve it and improve your score? Depending on your credit, and whether or not lenders consider you creditworthy, generally determines whether you’ll qualify and how much you could receive. If you can’t do it yourself, consult a professional before beginning your search.

3. Money: Avoid being home rich and cash flow poor! Have you accumulated enough funds for necessities, including down payment, closing costs, and necessary reserves? Wise people make sure they have the cash – at least six months’ worth, in reserve, for emergencies, contingencies, etc.

Four. To lease: Which location makes the most sense for your needs, requirements, and ability to pay? Take your time to make sure you move in, where you will be happy, satisfied and comfortable!

Before you buy your home, consider these 4 steps, thoroughly and carefully! Are you ready to prepare yourself, to protect your best interests?