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Buying and selling a home, no matter where you live, is one of the biggest decisions in a person’s life.
Here are some tips to help you keep your real estate goals on track.

Buying a Home

Home buying is a big decision that entails financial, mental, and emotional preparedness. After all, the choices you make will affect you for many years following the transaction. For a seamless and relatively stress-free process, consider some of the tips and tools provided below.

  • Determine how much home you can afford. Before you jump into the home-buying process, you should have a clear idea of just how much you can shoulder. Sit down and gauge your current financial situation and credit history. Using a mortgage calculator can also help you determine the loan amount you should apply for.
  • What kind of home do you want, and where? The type of home you want and its location will play a role in your finances. Are you looking for a single-family home, a condo, or a townhouse? Most importantly, where do you want to live? Location is one of the main drivers that affect a property’s listing price.
  • Get a buyer’s agent. Buying a home doesn’t just involve looking for a property and paying money. It involves research, data analysis, and tons of paperwork. A professional and experienced buyer’s agent will help you out through the whole home-buying process. Ask your trusted family and friends for any referrals.
  • Get pre-approved for a mortgage. Obtaining a mortgage pre-approval will benefit you as a home buyer. Not only does it give you a window of opportunity to resolve any financing issues, a pre-approval will also give you some leverage. Get this done early in the home-buying process as getting pre-approved can be time-consuming.
  • Inspect! Whether you’re buying a new construction or an older home, it’s important to keep your eyes open and look out for any property issues that will give you leverage in the negotiation process. You also don’t want to be caught up in undisclosed issues after the sale.

For a more comprehensive list of things to do when you’re buying a home, check out this home-buying guide by the New Jersey Housing & Mortgage Finance Agency: