| As the French philosopher Jean-Jacques Rousseau | | | | 3. The budget you can afford for buying the home |
| says - | | | | Should Know Which Loan Is Best Suited - Different |
| "Watch a cat when it enters a room for the first time. | | | | banks or housing agencies offer a varied range of |
| It searches and smells about, it is not quiet for a | | | | housing loans. Go through each of them very carefully. |
| moment, it trusts nothing until it has examined and | | | | Compare them on factors like - loan fees, interest |
| made acquaintance with everything." | | | | rates etc. You can do this by yourself or take the help |
| As a first-time home buyer, be the cat! Before jumping | | | | of a real estate agent or housing counselling agency. |
| on the bandwagon, ensure you have made the ideal | | | | Make sure you have all the documents that you need |
| choice. Here is a look at what you 'Should Know' | | | | to avail the loan you finally settle for. |
| before venturing into a property purchase for the first | | | | Should Know Where To Search For Property - |
| time. | | | | Newspapers, local cable television channels, friends |
| Should Know Purpose - Taking the decision to buy a | | | | and family, the internet, the Yellow Pages and so on |
| home itself is a big one. You should take it when you | | | | are the different sources for property listings that you |
| are ready to own a home. Being ready among others, | | | | can check out as a first-time home buyer for your |
| indicates a mental preparation, being aware of the | | | | perfect home. Simply gathering the information is not |
| monetary issues and having the ability to meet them. | | | | going to help. Many a times, a home doesn't turn out to |
| Talk to friends and family about your decision and pay | | | | be the way it was advertised for sale. Hence, verify |
| heed to any suggestions they have to make on it. | | | | the information by physically seeing the house. When |
| Brokers and housing counselling agencies can help you | | | | you actually see the property, be sure to carry a |
| evaluate your ability of paying a housing loan and also | | | | camera, so that you can take snaps of the rooms, the |
| according to it, suggest the lender perfect for you. | | | | area, the neighbourhood and the like. Also, you can |
| Should Know How To Search - To create a list of | | | | take small notes on other things that need to be kept |
| homes that you like, you need to conduct a thorough | | | | in mind on a particular house |
| search. Before the search, fix parameters such as: | | | | Should know details about the Home Owner - As a |
| | | | first time home buyer, you should also learn as much |
| 1. The area/locality you want to buy a home in | | | | as you can about the person who is selling the home. |
| 2. The type of home you want to buy - an | | | | This can be a good lead into what kind of a deal you |
| independent house, an apartment or a condominium, a | | | | can expect. |
| new house or an old home | | | | |