Lansing Michigan Best Home Owner Questions to Ask Buyers When Deciding to Buy a House

Did you find your house on Zillow? Are you hoping to buy a new construction house for sale or would you and your fiance prefer a starter home that's smaller with less features but more affordability? Shopping around for a home can be stressful but our RE/MAX Dewitt MI Real Estate Agents can answer questions you have about the home buying process. When deciding to buy a house, here's a few helpful questions to ask yourself: First, are mortgage rates increasing? If so, can I wait until next year to buy the bigger house with the 3 car garage? Depending on the size of the house or condo loan, mortgage rates from 4% to 6% on a $100,000 might only be $100-200 monthly difference but that could cut into your budget. Second, how long do you plan on living in the house? Do you have a financially stable job or will you need to relocate in a few years and sell your house? Third, what's your budget? If you're married with kids, can you afford a Mayberry or CVE home? Or, would you consider purchasing a cute 1970's ranch house in a small town? Location and home improvements are two valuables that determine the selling price of a house. Obtaining good credit is essential when buying a more expensive home. But with a fair credit score and no down payment, you might be able to still receive a mortgage, consult your local credit union or bank.

Information and Educational Links:
http://www.bankrate.com/finance/real-estate/deciding-on-buying-a-starter-home-or-waiting-1.aspx

Buy a House, Sell your House? Call REMAX Real Estate DeWitt MI at 517-699-8118 Email: YourHomeSalesGroup@gmail.com
Visit: www.dewitthomepros.com

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