Tips for Buying a Home
Things to consider when buying a home.
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- Shop around for a mortgage that suits your needs. No- or low-down-payment loans are available. Fannie Mae Foundation provides mortgage information at 1-800-611-9566.
- Do your homework. A homebuyer's kit and a list of local housing counseling services from the U.S. Department of Housing and Urban Development are available online at www.hud.gov.
- Get an independent inspection of the home you want to buy.
- Find a real estate agent and mortgage broker you are comfortable with. Ask friends and family for recommendations.
- Check out the neighborhoods you like by visiting at different times of day and night to get a feel for the community.
- Look for neighborhoods with good resale potential. For example, even if you do not plan to start a family, being close to good schools can enhance the home's value.
Sources: Fannie Mae Foundation, U.S. Department of Housing and Urban Development, Coldwell Banker Real Estate Corp., zipRealty Inc.
(Contact the Ventura County Star in California at www.insidevc.com)
Before hitting the streets to look for a home, check out these helpful facts and figures from the experts at Sleep On It.