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seller fiancing a home - is it your best option?

Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.


seller fiancing a home - is it your best option?

3 Guidelines For Buying A Single-Family Home

by Dan Vasquez

When you aspire to own a house, it's up to you to hunt down a deal that is perfect for your needs and taste. No matter what sort of market conditions you're dealing with, you shouldn't have an issue exploring some options in your desired location. Real estate professionals will help you to find the right home based on your criteria, and you can help yourself by knowing what you're looking for. Start with the following tips, and you're steps away from living in your dream home.

#1: Start with size and style when searching for single-family homes for sale

There are a lot of things that you can compromise on when hunting for a home, but the size isn't one of them. You're locking in a mortgage that you're responsible for no matter what happens in your financial life, so make sure that the commitment is worth the reward. Buy a home with enough square footage to stretch out, have plenty of storage, and enjoy the fruits of your hard work.

Look for some style options that will also allow you to fall in love with your home. Things like crown molding, modern kitchen appliances, and hardwood floors are all attractive options for people looking to close on a single-family home.

#2: Handle your finances and find a mortgage that doesn't hurt your budget

Manage all of the financial variables that come with purchasing single-family homes. As you search for a mortgage, consider how many years you're willing to sign up for. Banks will usually give you 15- to 30-year mortgage options. If this is your first home, you may be able to close on a deal with as little as a 3% down payment. Consider your career path and how much money you will make over the years. Take on a mortgage that you can pay for each month even in the event that financial emergencies happen.

#3: Think about the total picture when it comes to owning a single-family home

You're responsible not just for buying the house but also for taking care of it. This will become a big part of your expenses, so choose a home that you can maintain without breaking the bank. If your lawn is particularly large, you might also need to budget roughly $127-$237 for each lawn care visit. Consider the price you'll pay for your utilities each month. When you're aware of the big picture, you'll have less of an issue addressing your home's total cost of ownership.

Start with these three tips when you're looking at single-family homes for sale.