It is still the best investment anyone can make for their future. Buying real estate is a solid long term investment and one that can ensure financial security for a lifetime.
The United States real estate market is prime for anyone looking to get a deal on a new home purchase. Builders and mortgage companies are offering incredible deals in an effort to reduce the back log of available homes.
If you are considering a home purchase there are many things to consider but here are a few that many people overlook.
1. School District - If you have kids or are planning a family make sure to take the time to learn about the local school districts and how they compare to national averages.
2. Crime Rate - Looks can be deceiving and the most peaceful looking neighborhood could be right around the corner from an area that is not so desirable and will have an effect on long term home values.
3. Historical Land Use - Did the developer buy an old farm or are we looking at a home that was built on an old landfill?
4. Local Home Values - What have similar homes in the area sold for and how many other homes are on the market? More homes for sale means more bargaining power for potential buyers.
When applying for a home loan be sure to look around and have companies compete for your business. As stated above there are many companies offering tremendous incentives to get your business.
You want to get a home loan that provides the best long term value and once you identify your mortgage company be sure to lock in those rates to protect yourself while you continue your home search.
Finally, enjoy the home buying experience and realize that you are making one of the most important decisions you will ever make in your life. Be sure to pick the home and the mortgage company that work for you.
If you are in the buying process or considering a home purchase you can get more information at the link below:
Home Buying Resources
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