5 Things Every Buyer Should Know

Wilmington Real Estate Podcast with Andy Richardson

If you’re thinking of buying a home in Wilmington, we’ve got some tips to share. In fact, we’ve got five of them.

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If you’re thinking of buying a home in this market, we’ve got great news. We have compiled a list of five of our best tips for buyers. It never hurts to have more information about the market and what you can expect. Here’s what you should keep an eye on:

1. Check your credit. You can do this for free at annualcreditreport.com. It’s a good idea to make sure that any issues or mistakes you have in there are addressed.

2. Get pre-approved early. Talk to a lender before you go out looking for homes so you know what you qualify for and what you should buy.

3. Establish a budget. You may actually qualify for more than what you’re comfortable spending, so establish a budget and a monthly mortgage payment that you are comfortable with.

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Buying a home is a process of elimination.

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4. Make a list of your must-haves and your deal-breakers. Buying a house will be a process of elimination. We can eliminate some properties right off the get-go by crossing of the ones that have deal-breakers as identified on your list.

5. Think about resale. Even if you don’t have kids going to school in your school district, it’s still important for future buyers. If you establish a good location in a good district, you will have good resale value down the road and won’t be stuck with a home you don’t want in the future.

If you have any other questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.