Home Buyers' Tips

Budget to Buy                                      

  • Identify your long-term financial goals.
    Owning a house may be one, saving enough for retirement may be another.
  • Make a home-buying savings plan.
    Open a savings account just for this purpose and make regular deposits, even if you put asidejust $20 a week.
  • Look for other sources of down payment funds, such as a Roth Individual Retirement Account (IRA).
    First-time buyers now have access to $10,000 of these funds penalty-free under certain conditions.
  •  Make saving for a house fun.
    Chart your progress on paper and post it somewhere to remind yourself of your goal.

    Hire an Inspector 

    Homebuyers are urged to conduct an inspection even if the home comes with a warranty. They should also ensure that their inspector has plenty of experience and abides by the membership requirements of the American Society of Home Inspectors or other trade groups.  

    Home Warranties Warrant Close Attention  

    Warranties can help make homebuyers more confident about the quality of their new dwellings.  

     

     

    Check out additional helpful information for buyers under Consumer Advisor