350 Old Country Road, Suite 205, Garden City, NY 11530
877-791-8076 / StoberLaw.com
There are few financial investments larger than that of buying a house. When buying or selling real estate in New York, it is essential to have an experienced attorney on your side. The attorneys at the Law Offices of Louis D. Stober Jr. are able to help you avoid mistakes that could cost you thousands of dollars, and give you the confidence you need to make big decisions.
We've gather the top 10 things you need to know when buying a home! Take a look:
- Don't buy if you can't commit. If you're planning on moving or relocating in the near future, buying is probably not the option for you.
- Start by cleaning up your credit. Good credit will help you in the mortgage process.
- Aim for an affordable home. Set a realistic budget and stick to it.
- You may still qualify for a loan, even if you cannot put down the usual 20%.
- Buy in a good school district. When it comes time to sell, you'll learn that top school districts are an appealing selling point for buyers and help to boost property value.
- Get professional help.
- Choose carefully between points and rates. When choosing a mortgage, you have the option of paying additional points in exchange for a lower interest rate. A lower interest rate will save you money in the long run, which is perfect for those who plan on owning the home for an extended period of time.
- Get pre-approved before you begin your house hunting. This will help you identify your budget.
- Research before bidding. Your opening bid should be based off of the sales trend of neighboring houses. If homes have recently been sold, find out how much they went for.
- Hire an inspector. Hire your own home inspector that can point out potential problems that may require costly repairs in the long run.
If you are considering buying or selling real estate property in New York, contact the Law Offices of Louis D. Stober Jr.
