February 20, 2012

Tips for Home Buyers

With interest rates at all time lows now is a great time to buy. However, there are some things to keep in mind when buying a home. It is an exciting time and can be very financially beneficial, but you want to make sure you stay within your budget and have a good agent to guide you through the home buying process.

One of the first and most important steps is to talk with a good local lender so you can find out how much you can afford. It can be heartbreaking to find a home you fall in love with but then can’t get financing to purchase it. I have several great lenders that could help you out. Once you find out what you are pre approved for you need to make sure that you are comfortable with that monthly payment. Also, keep in mind other additional expenses that come with buying a home. Most of the time a loan officer will include an estimate for property taxes and insurance in with your estimated monthly payment. However, typically those estimates don’t include things such as utilities and savings for future repairs.

When looking at homes it is a good idea to make a list of “negotiable items” and “non-negotiable items.” You might need to be flexible on some of the smaller things but don’t want to “settle” on the things that are important to you. Also, when you are looking at homes try to look beyond paint colors, wall paper and personal belongings in the home. Most of the time these things can be easily fixed after your purchase to “make it your own.”

For more information or a list of properties in Central Indiana that are available in your desired price range and location call/text me at 317-413-5311 or email me at

Posted by: Jeremy Page