5 Things to Do Before Buying a Home

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  1. Properly track your expenses: Don’t guess when it comes to doing your expenses, it could lead to you underestimating your budget. To really understand the financial impact of owning a home, start by tracking exactly how much you spend each month on everything from groceries all the way to entertainment.
  2. Set a strict budget: Once you get the number on what your spending, develop a realistic budget. Make sure you keep in mind any debt, and that you leave room for savings.  Expect to shell out at least 10 percent of the purchase price for a deposit and another 5 percent for closing costs. Also keep in account of any loans fees and other loan payments.This budget will serve as your roadmap to finding a home you can reasonably afford.
  3. Find a good real estate agent: The VIP Realty Group was established on Sanibel Island, Florida, in 1975, with the clear mission to provide customers with the most knowledgeable associates, the greatest opportunities and the best customer service. With offices in Fort Myers, Bonita, Naples and on Sanibel and Captiva Islands, that mission has been realized and VIP has become one of the largest privately owned, full-service real estate companies in the region. So you cant go wrong by choosing an agent from VIP Realty Group. You can call up a few of our agents to get a few options and to see who fits your best needs. Ask them any questions or concerns you have to better find one to help you out the best. For further inquiry, can visit us at www.sancapislandre.com
  4. Clearly define in detail what you want in a house: Besides price range you have to think of how many bedrooms and bathrooms you need, what house type you wanna live in (single family, condo, etc.), what location area is ideal for you, what extra features do you want (pool, dock, big yard, etc.), and so much more. Best advice is to write a list of wants and another of things you don’t like. The best way to get more details is looking at properties and seeing what you like about it and what you don’t, so when you go to your real estate agent they can help you find exactly what you are looking for.
  5. Now communicate with your agent:  After you make your list, it is now time to communicate your vision. If you tell your real estate agent all you like and don’t like they will be able to show you houses that best fit your needs, instead of wasting your time by showing you properties you don’t like at all. Your agent is there to help you, so don’t be afraid to tell them what you like and don’t like.