When purchasing your first home, you need an investment plan. Regardless of whether or not your first real estate
It is imperative that you prepare a real estate plan so that you are aware of all costs associated with your purchase and go into a transaction fully aware of the consequences. It is important to me as a REALTORS® to make sure that my clients are fully informed of the home-buying procedure from beginning to end. Real Estate is still one of the single best investments you can make in your life to build wealth but there are risks.
- Shift your mindset from homeowner to business owner. This is an asset.
- Know the neighborhood you are purchasing in. (Schoo ratings, market prices, trends, fees and laws for buying in a particular town, average real estate taxes, crime, etc…).
- Stay Educated. An educated buyer is a well-prepared buyer.
- Understand the Risks.
- Know your taxes and make sure you are prorated the correct amounts.
- Shop for homeowners insurance. Check to see if flood insurance is required.
- Build Your Real Estate Team. Agent, Lender, Attorney.
- Purchase title insurance.
- Know the difference between closing costs and down payment costs.
- Do not jeopardize your credit by making purchases or closing accounts during the approval process unless otherwise advised by the lender.
Key professionals to help you in your Real Estate goals: REALTORS®, Lenders, Tax Accountants, Financial Planners, Credit Repair specialists, and Real Estate attorneys.
567 Pleasant St. Suite #8, Brockton MA, 02301