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Buying Basics - by Jennifer Mackay

Of most importance when buying a home is to define what you want, so let's begin shall we!

Step 1: Defining What You Want Start by creating a prioritized list of features you want in your next home and the reasons why. Use it as your search guide, but remember that depending on your funding, you will probably need to make some compromises. In addition, talk to your real estate professional, ME :) about where you want to live. Location is a huge part of any move. I am trained to help my clients narrow down their choices by sharing market trends and local information like neighborhood statistics and community information.

Step 2: Figuring Out What You Can Afford Now that you know what you want, it's time to see what you can afford. You can start by crunching the numbers yourself using our selection of calculators.

When you're ready to move to the next step, you can get pre-approved for a mortgage. This process can often be performed in under an hour and it accomplishes two important goals. First, it will tell you how much house you can afford and what your monthly payments would be. Second, it tells the seller that you can afford to buy their home.

By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the property. Many times a buyer can use this pre-approved status as leverage during the negotiation process.

© Copyright 2008-2110 Jennifer MacKay. All Rights Reserved.

You can always find more information by contacting me directly at 850-774-6582 and I'll help you with the details.

Next time we'll discuss shopping for a home and making an offer.

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Jennifer Mackay REALTOR®
Keller Williams Success Realty
2110 W. 23rd Street, Suite A. Panama City Fl 32405
Direct: (850) 774-6582
Office: (850) 392-1700
Fax: (850) 522-3697
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