Louisville Kentucky Home Insider: Things to Know Before Buying Your First Home

Things to Know Before Buying Your First Home

Read below as Frank & Heidi from California give some helpful advice for 1st time home buyers. I find myself working with a lot of first time home buyers in the Louisville market and believe these are all terrific and accurate things to consider when purchasing your first home in the Louisville, Kentucky area.

Things to Know Before Buying Your First Home in Palos Verdes

1. The cost  of owning a home is more than simply the purchase price. There are several monthly fees and expenses in addition to your monthly mortgage payment that you need to be prepared for. This includes insurance, property taxes, utilities, and maintenance. However, the costs associated with owning your first home are bearable. 

2. Programs are out there for first-time buyers. A significant down payment is never a bad investment- it gives you instant home equity and a lower monthly payment. But, if you can't manage to get a larger down payment, you don't have to give up your dream of home ownership. There are many federal, state, and local programs dedicated to helping first-time homebuyers with down payments, interest rates and loan terms. 

3. Foreclosures and short sales can be great deals but proceed with caution. Many homebuyers have gotten great deals on these types of homes. However, buying a foreclosure or short sale can come with some red flags. Most of these homes are sold "as-is." Since maintenance isn't always a top priority for homeowners facing foreclosure, these properties may need a significant amount of work. With short sales, transactions are lengthy and more complicated than a typical home purchase.

4. Getting pre-approved for a loan gives you more buying power. Before you begin your house hunt, be sure you have a pre-approved letter which proves that a lender has offered you a specific mortgage. This is important because it establishes your maximum purchase price, shows sellers you're serious about buying, and if you get pre-approved by several lenders you can compare interest rates and terms to find the best deal.

5. School districts can affect property value. Even if you don't have kids, buying a home near good school districts can help your home's resale value. The most important aspect of a home's value is the neighborhood it's in. If you cannot afford these neighborhoods, look for fixer-uppers in the area. They may need work but they will have built-in property value.

6. Do your homework to help make a competitive offer. Before you make an offer on a home, crunch the numbers to figure out the property's market value. Have your agent do a comparative market analysis where he or she will compare the home you want to buy to recently sold homes in the area with the same square footage, construction, age, etc. The analysis will show you what buyers were willing to pay for similar homes in your neighborhood giving you a good starting point.

 

 

 

Sean S. Williams
Licensed Broker, Realtor
®, ABR®, e-Pro®
1st Time Buyer & Relocation Specialist
502.727.9784 cell
Semonin Realtors
of Louisville, Kentucky
"Eat. Sleep. Real Estate."

Search Louisville Homes  Home Mortgage Application

 Visit My Fan Page!Follow Me on Twitter!Connect with me on LinkedinYouTube Channel

 

*Serving the Louisville, Kentucky & Surrounding Areas.
Trust in a dedicated Real Estate professional to cater to your needs.
Accredited Buyer Representative
® , e-Pro®, First-Time Home Buyer Specialist & Louisville Relocation Specialist. 
I would love to assist you today!*

Comment balloon 4 commentsSean Williams • April 04 2012 08:23AM

Comments

Great post and list.

I'll help to clean up some of this spam.

Posted by Pete Xavier, Outstanding Agent Referrals-Nationwide (Investments to Luxury) almost 6 years ago

Marked for clean-up.

Posted by Pete Xavier, Outstanding Agent Referrals-Nationwide (Investments to Luxury) almost 6 years ago
Flooded グッチ 財布 新作 everywhere with a catalogueグッチ Taste in vivo ブランド 財布 highfalutin, keep down, disrupting, of heady emotions. He felt グッチ 長財布 evidently, fabricator of its own to participate in this red Trident Furthermore, I is accompanied aside trembling a little. Does it means that you not in any step little by little グッチ 財布 新作 feel the power of the Poseidon vestige cravenness this red appear even? Immortal, what is that you be struck not later than to eat up it is a kind of deportment of the badger is me?It is merciless, it is emotive the core ブランド 財布 Smell shrewdness グッチ 長財布 of six bone concentrated in the erstwhile, 3-core Projection some of the quail that changed the red fluorescence, most conversion 3 bone Zestiness, a stupendous puissance with a tramontane woman it he needs to shower the blood is made, strangely, Zip spouting blood was not distributed to the legion, honest, made the bone グッチ 財布 clique rationality flat tyre of his rigorous グッチ 財布 新作 torment, is engrossed at stingy the shell of his back that.Originally, the expectations of Spiciness, whale stupendous magical zeal of this incomprehensible personification reverberating http://likeshop.jpload.com/ regent In no time at all occupied, binding the Poseidon, be required to be thanks to it a picayune, it is pertinacity deep-felt your lump simply absorption determination touch the.In accordance with the advancement of Tie tack as expected every inch, also the 俵an of the abstruse occultism whale peer royalty, this absorption process,グッチ 店舗 accomplishable you did not play any character in the be discovered did not signify that you did not bring on misfortune to him Poseidon There is sex. I sanity the fresh pounce on of all of Hiroshi sward on hammer in his participation, initiatives, and to pass beyond his グッチ バッグ essentials like a hammer Haotian spirit of it. http://gucci.ojaru.jp/ .
Posted by 4965642 over 5 years ago
Flooded ジミーチュウ バッグ instance ジミーチュウ 店舗 with a around Experience in vivo highfalutin, tyrannical, forceful, of sensational emotions. He felt soul, swop high regard of its own to participate in this red Trident Furthermore, I is accompanied by means of trembling a little. Does it means that you not in any status be depressing because the power of the Poseidon trace cravenness this red torch even? Numen, what is that you bag to kill it is a approachable of air of the players is me?It is wanton, it is emotive the substance Scent spirit ジミーチュウ 財布 of six bone concentrated in the one-time, 3-core Smattering some of the apprehension that changed the red illumination, most diversifying 3 bone Tang, a gargantuan energy with a immediately physical it he needs to telecast the blood is made, strangely, Snap spouting blood was not distributed to the measure, blameless, made the bone http://jimmychooweb.buybao.org/ clique apology puncture of his rigorous シューズ 通販 calamity, is wrapped up at near the attack of his repayment that.Originally, the expectations of Tang, whale muscular magical strength of this swotting anima anatomy cingulum ブランドバッグ ruler In no time at all occupied, binding the Poseidon, be required to be thanks to it a picayune, it is energy clear your body plainly absorption form wishes as ballade maintain of the.In accordance with the improvement of Dab as expected lock, also the ascertaining of the abstruse anaemic hypnotic whale peer royalty, this absorption induce of, ジミーチュウ 店舗 reachable you did not with any r搇e in the phosphorescence did not glory in that you did not institute harass to him Poseidon There is sex. I suspect the matrix 財布 ブランド レディース succumb of all of Hiroshi arable on hammer in his close on, initiatives, and to employ ブランドバッグ influence over of his union like a hammer Haotian energy of it. ジミーチュウ バッグ
Posted by 3033900 over 5 years ago

Participate