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MY JOB IS TO HELP YOU MOVE TO A NEW HOME IN LOUISVILLE, KY WHILE AVOIDING PITFALLS AND PROBLEMS

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The Home Buying EquationSearchHound

EMAIL ME: eshaikun@gmail.com
CALL ME: 502.417.7625

If you’re a first time home buyer, this one is for you! Buying a home for the first time can seem daunting. Organization and preparation will alleviate most worries and concerns in life, and buying your first home is no different!

The Equation… 

A + B + C + D + E

Ask

Budget

Check

Differentiate

Estimate

 

Ask an Agent

Before you start searching for a home, ask a real estate professional for guidance. Whenever embarking on a new journey or experience, it’s always a great idea to do some research and ask some questions. Be prepared for your discussion with a Real Estate Agent. Decide what you’d like to know and what is on your mind for your first home buying experience. Find an experienced and/or knowledgeable agent that will have the expertise to answer your questions.

 

Budget your Bills



Set a budget that takes into account your down payment, your anticipated monthly mortgage payment (with interest), and your closing costs. These figures are all important considerations in the home-buying process.

 

Check your Credit

Prior to house-hunting, check your credit report and score. Your credit is a determining factor in a lender’s approval or denial of your mortgage loan application, as well as your mortgage interest rate. Take steps to correct any errors on your report, or improve your score, if necessary.

 

Differentiate your Deals

Shop around for mortgage lenders to differentiate between loan offerings—even a slight variation in rates or terms can lead to significant savings over the life of your loan. Your real estate professional may recommend a lender, but it is ultimately your choice with whom to obtain a mortgage. It is a wonderful idea to see different lenders.


Estimate your Expenses

Knowledge is power! Estimate oft-forgotten homeownership-related expenses, such as your monthly homeowners insurance premium, your maintenance costs, your moving expenditures, your property taxes and your utility rates. These will all play a role in your overall affordability. This will help you be ready for the expenses ahead and give you a realistic approach of the price range you can afford.

 

The Result = Financial Foundation



Completing A, B, C, D and E will not only prepare you for the home-buying process, but also lay a strong financial foundation for you as a new homeowner. The result of the equation speaks for itself!

 

Courtesy of Ellen G. Shaikun, Broker Associate,  eshaikun@gmail.com

 

 

Berkshire Hathaway HomeServices, Parks and Weisberg, Realtors® 

  

Reprinted with permission from RISMedia. ©2016. All rights reserved.

 


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pushpinFun Fact about Louisville Kentucky

The largest collection of Victorian homes in the United States and the 3rd largest historically preserved district in the United States is located in Old Louisville.