- Products & Services
- Knowledge Base
WEST PALM BEACH, FL, May 08, 2014 /24-7PressRelease/ -- First-time home buyers are often enthusiastic and wish to make their purchase quickly. Whether buying in Jupiter, Palm Beach Gardens or West Palm Beach, Florida Home encourages these first-time buyers to take the time to get all the facts.
Real estate agents suggest that home buyers start by checking the selling prices of comparable homes in the area. You should check these on multiple websites to ensure that you are getting accurate numbers. Remember that this is an investment and that you want to invest wisely.
From there, Palm Beach real estate agents recommend determining what your costs for mortgage, total monthly housing and closing would be at the property you are considering. Determine whether or not the property fits within your budget. Don't forget that Fannie Mae recommends spending no more than 28 percent of your income on housing.
Florida Home encourages first-time buyers to use a reputable West Palm Beach-area realtor to assist with purchasing your new home. Realtors have a strong knowledge base regarding whether or not a property will be a solid investment in the future, and they may be able to point out any drawbacks a property has. They can also help you navigate the difficult waters of having your credit approved for a mortgage and closing on a house.
"Before you set your heart on a property, it is wise to get pre-approved for a mortgage," says Gerry Barker, Project Manager for Florida Home. "Talk to representatives from your bank and local credit union about pre-approval, then use the amount you have been pre-approved for as your budget. This will help you to be realistic about the kind of home you will be able to actually afford."
About Florida Home:
In 2011, Florida Home was founded as a local source for real estate information in the Palm Beach County area. They wanted to offer insight that other real estate websites do not, such as reporting on listings, news, historical sales data, in-depth community information and more.
Learn more at http://www.palmbeachpost.com/s/Floridahome.
# # #