8 TIPS IN BUYING A HOME IN NEW JERSEY

It’s an exciting time to look for houses and envision the home you want  –  A place where memories are created and lives built. But before you start daydreaming of that home, follow these simple 8 TIPS before buying.

When planning to take out a mortgage to pay for your home, you need to understand how your financial situation impacts your buying options.

What an exciting time for a Wishlist! You’ll be looking at some of  the possible houses that will fit your idea of a perfect home.  It’s important to outline what is essential to you and what you’d like but don’t necessarily need at the moment.  

Always consider these questions: Is the neighborhood safe? What’s rush hour traffic like? How long do I want to commute to work? Is the house on a busy road? Is the neighborhood clean and well-kept? Location and your security is always important to consider when buying a home.

Your Credit Score will play a hefty part in the mortgage rate you secure.  Once you know your credit score, you can then determine whether you are financially healthy to move forward on buying a house in NJ or if it makes more sense for you to work on your financial health.

It’s extremely important to get a MORTGAGE PRE-APPROVAL versus a Mortgage Pre-Qualification.  A mortgage pre-approval will ensure that you are able to purchase a house.  You’ll have to provide some documentation to verify your financial standing in order to get your home loan.

You’re asking someone to help you make one of the most important investments in your life.  So picking the right agent to guide and advise you on the home buying process is important.

Save money for emergencies that may occur.  Houses will usually need constant maintenance regardless of whether you buy a new or older house.  Preventative measures will always save you money in the long run if repairs need to be done that would affect the foundation of your home.