Owning a home is something you and your family have worked towards for sometime. You've saved enough money for a sizable down payment, your credit is in good shape, you anticipate staying in the same city for a while, you have a good job with a steady income, and you're ready for the upkeep that comes with being a homeowner. You feel like you've done all the preparation necessary to buy a home, but you're not sure how to take the next step.
Trulia.com gives five helpful tips to help you know where to start in researching the real estate market. When you've been properly educated in your real estate market, you will know a fair price for homes in the area you want, what a realistic down payment might be, and what a competitive asking price might be.
- Call an Agent- Real estate agents are often the very best way to get the most accurate idea of local market trends. They have access to detailed and current market research that even the best of connections cannot access.
- Go Online - There are many websites like Trulia, Zillow, HomeFinder, and Realtor that will have listings of homes in the area you are hoping to move into.
- Check the Newspaper - Your local newspaper will likely have a real estate section, this is a great way to get a cohesive look at the prices of homes in your area.
- Talk to the County Assessor's Office - Many local governments have in-depth market statistics that are available for the public to view.
- Talk to an Appraiser - Banks typically hire appraisers to determine the fair market value of properties. By giving an appraiser a quick call or by sending them an email, they will likely provide you with a substantial amount of helpful information regarding local real estate.
After you've done what you can to prepare, take comfort in knowing you are making a great decision for you and your family. Jensen and Company has created this helpful inforgraphic to assist you through this home buying process. It's time to buy a home and build your wealth!
