Buying a home needs to be a business decision first and foremost
Elmwood Park, NJ (PRWEB) April 04, 2013
Amber Sky Home Mortgage, a trusted direct lender and leader in New Jersey home mortgage rates, loans and refinancing, reminds homebuyers that knowing what not to do when searching for a home is equally as important as knowing what to do to ensure that they get the home they want and that fits into their budget.
“Buying a home needs to be a business decision first and foremost,” said Michael I. Sema, President of Amber Sky Home Mortgage. “People tend to get emotionally attached to a house when they are looking to buy which can cause them to make simple mistakes that can have a huge impact on their lifestyle and their budget. It’s important to consult with Certified Mortgage Specialist that you trust to ensure that the home of your dreams is one that you can afford.”
The tips below offer homebuyers a guide for the do’s and don’ts of searching for a home:
1. Do- Research the neighborhood.
Location is key. Buyers should figure out what they are looking for, research and find a neighborhood that fits their wish list. Buyers should consider:
- Does the neighborhood fit their lifestyle?
- Will the location impact their commute?
- How are the school systems? Even if they buyers do not currently have children having a good school district can raise property values?
- Is the home near everything they want or need?
Once a buyer finds a home that has everything they are looking for they should make sure to visit the neighborhood at different times during the day. The neighborhood their home is in can either increase or decrease a home’s value.
2. Don’t- Fall in love at first sight.
Buyers should compare a home to other listings in the area to reduce the chances of overpaying or missing out on a great home nearby. While it is not necessary to visit every home in the neighborhood, compare at least four different homes before making a decision to ensure an educated and informed buying decision.
3. Do- Buy a home based on long-term needs
The average buyer lives in the same home for about nine years, so it's very important to think about long-term needs when buying a home. Buyers should focus on the floor plan and the square footage to decide if a home is suitable for any surprises the future may bring.
4. Don’t- Buy without a home inspection.
Even if the house looks flawless do not make the mistake of buying a home without a professional inspection. All homes, even new ones, have flaws and defects and the whole truth is not always disclosed to potential buyers. Home inspectors can look past a fresh coat of paint to find costly underlying problems. Make sure to choose an experienced professional – it may cost more now but it can save time, money and house-induced headaches in the future.
5. Do- Get pre-approved before you start searching!
Before starting a home search, buyers should narrow down price ranges by getting pre-approved and working with a certified home mortgage specialist that they trust. A mortgage professional will review a buyer’s credit, income, assets and debts, and recommend a mortgage with monthly payments that fits their budget. Buyers should be prepared for the additional costs associated with homeownership, which includes insurance, property taxes, utilities, and maintenance. With those expenses in mind buyers may want to scale back the size of the home they looking for in order to meet their budget.
For information or to speak with a certified New Jersey mortgage specialist please visit http://www.amberskyhomemortgage.com or call (201) 393-0200.
About Amber Sky Home Mortgage
Located in Elmwood Park, N.J. Amber Sky Home Mortgage has been providing home buyers and owners with a tailored approach to home mortgage rates, loans and refinancing since 2006. The company’s seasoned team of professionals has helped thousands of people realize the dream of homeownership taking a personal approach to find the right loan that fits each individual’s lifestyle recognizing that every customer has different needs to be met. For more information please visit http://www.amberskyhomemortgage.com or call 1-866-955-5655.