So, you want to buy a house. Congratulations on making that decision! Now that you have decided that you want to purchase a home, do you know some of the factors to consider when preparing for that purchase? If not, I have put together some common factors to consider when purchasing a home.

Factors to Consider when Purchasing Residential Real Estate Property

  • Time Constraints
  • Using Realtors
  • Mortgage, Cash, or Both
  • Type of Real Estate Property (Condo or Single Family Home)
  • Primary, Secondary, or Investment Property
  • Credit Score
  • Title to Property for Sale
  • Purchase Price
  • Earnest Money Deposit
  • Location of Property
  • Easements
  • Homeowner and Flood Insurance
  • Taxes
  • HOA Fees

Remember that buying a house is a big decision that involves large amounts of money. This type of transaction is not an overnight purchase. On average, a purchase can take up to 45 days. Some transactions move quicker; some move slower. To better inform yourself for purchasing a home, do some research, consult with your bank, realtor, or attorney to help you prepare to buy a home.

As always, please feel free to reach out to Pinson Law, P.A. for any assistance or guidance in the purchase of real estate. We thank you for your time, and we hope that you keep us in mind! 813-560-4164.

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