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)