Basics for the new home buyer

It is said that the two most traumatic experiences that people go through are marriage and buying a house. The end result is worthy of celebration; getting there can be hell. In the case of buying a home, for most of us it's an undertaking on a scale unlike any we've ever experienced. The startup costs, the debt that's incurred, the process of finding a house and then finding the right financing - all of it is new, all of it is alien, and for most of us it generates a lot of fear. That, in turn, makes it a tough experience. So here are a few things to keep in mind.

Don't let the marble countertops dazzle you. Start this process with some realistic decisions on what sort of down payment you can manage, and what is the maximum monthly payment you can live with. Note that we suggest a number you can live with, not just survive with. Pick the home price that is the top end for you, and don't even look at houses that cost more. That way, you'll be happy when you find the right one.

Understand this fact about all estate agents, lenders and mortgage brokers: they need you more than you need them. So just because this is a new process, you (life insurance quotes) need not be intimidated by the professionals you'll be dealing with. No question is a stupid one, and there is no limit to the number of times you may ask it.

Let your estate agent work for you. The internet has made the first pass at home shopping much easier. Nevertheless, take some time and come up with a half dozen characteristics that you'd want in your ideal home, and give the agent your list. The garage must accommodate two cars, south-facing garden, open fireplace, lots of light - whatever you can do to help your agent zero in on properties will help you too. Estate Agents walk through homes for sale - let yours pick out a few and make an afternoon of touring (life assuranc) them. There's no more efficient way to learn the market.

Page 2