Get a mortgage deal you can live with and pay off within 10 years.
With that in mind, we’ve compiled a list of the best real estate deals for the average homeowner.1.
Buy your first home onlineReal estate agent Joel C. Jones tells The Daily Beast, “The reason you’re going to get the most money in the first place is because of your credit score.
If you have the most credit score, you’re likely to be able to get an easy, low monthly payment.”
If you don’t have a credit score yet, check out our free mortgage calculator.2.
Choose a house that’s currently under constructionReal estate agents say that the best place to invest your money is in the construction phase, which is when houses are being built, renovated, and sold for a profit.
You’ll want to take a look at a home’s value as well, because that’s what helps you make your initial payment.
Jones says that a house with a $1,000,000 price tag “is usually going to be an easier purchase than one with a slightly lower price tag.”3.
Know when to sellReal estate agency Joel C: Jones says to take advantage of the market in the next month or so, and wait to sell until you’re “100% certain that you don.t need the house anymore.”4.
Know where to put your moneyReal estate site RealTrader.com says to look for a property with an estimated $100,000 to $150,000 in annual sales, and to look to put money into a “solid homebuilding portfolio.”
“It’s always best to look at the properties that are under construction, and if there are any potential homebuilding properties in the neighborhood, you should take advantage,” says RealTraders.com.5.
Know how much interest you should payReal estate sites like RealTrading.com and RealtyTrader show you how much you should be paying for your house, including mortgage rates and interest rates.6.
Find an agent that works with youReal estate website Realtor.com tells homeowners, “Make sure your agent is one of the most trusted in your community.”
If they are, you can expect a positive experience.7.
Get a quoteReal estate company RealtyAgent.com, which lets you use your credit card, says to start by getting a quote from an agent, because the higher up you go in the housebuilding process, the more likely they are to be happy with your project.8.
Know what you wantReal estate companies like Realtor.com say to pay attention to “everything that’s in the sale” before you make a decision, and ask questions like, “What’s the biggest deal in the area?”
Real Estate Agent.com also has a list that includes house sizes, locations, and lots of other information.9.
Be selectiveReal estate agencies like Real Estate.com tell homeowners to look “at properties with high quality, and the properties where you can see the largest number of people living nearby.”10.
Choose the right homeReal estate services like Realtormark.com let you compare home prices and rent prices across the country.
“If you look at prices and properties in that area, it can be very important in determining where you should go with your next home purchase,” says the company.
“It can also be very helpful in determining which of your properties will be the most suitable for you and your family.”
Check out our guide to the best deals for buying your first real estate online for more tips and advice.