Buyers Steps 5 and 6

So you have your GOOD FAITH ESTIMATES. You have an idea what it is going to cost you, loan wise to purchase a home.

Here are the other cost in buying a home.

You will need a deposit usually 500-1500, depending on the price of the home. This is something that can be negotiated.

You need to have 300-500 dollars for inspections

ALL BUYERS SHOULD HAVE A HOME INSPECTION AND A PEST INSPECTION! IT IS VERY IMPORTANT. Realtors can tell you what is pretty and tell you about resale, but they usually can not tell you if the plumbing is working or if the attic has termites.

YOU ALSO MUST REMEMBER THAT YOU CAN NOT BUY ANYTHING MAJOR WHILE SHOPPING FOR A NEW HOME: NO NEW CARS, NO NEW TVS, NO NEW CHARGES ON CREDIT CARDS and NO NEW FURNITURE!

Step 6

Make a list of what you want. This will be an ideal list. You may not get everything on the list. If you are buying a home with someone have them make a seperate list and number them by most important on each list, then compare. Share each list with your Realtor, this list can change as time goes and as you see what you can get in your price range. Always remember that you have to start some where. This might not be your perfect home for the rest of your life, but as time goes by and you save more and as you create equity you can work your way to the perfect home. NEVER GO OVER YOUR BUDGET!! If you can not afford your ideal house and your are not willing to compromise then just save more money and wait until you feel you can afford exactly what you want.