Home Buying Questions Direct

By: Caitlin Dempsey

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Home Buying Questions Direct

A deposit showing you are committed (usually 1-2% of the price) that applies to the down payment.

Serious red flags include structural foundation problems, major water damage, or outdated/faulty electrical wiring. home buying questions

Ask about the age of the roof, HVAC system, and water heater. A deposit showing you are committed (usually 1-2%

A guideline for financial health: save 3 months of living expenses, have 3 months of mortgage payments in reserve, and thoroughly research 3 properties. major water damage

Get pre-approved for a mortgage, then hire a real estate agent.

Confirm if appliances, lighting fixtures, or furniture are included in the price. III. The Home-Buying Process

A general rule is to keep total housing payments (including taxes and insurance) below 28% of your gross monthly income.