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Homeownership:
Wants vs Needs| Using
a Real Estate Agent | Using DPA |
Home Value |
The Offer | Inspection & Closing
| Closing Meeting |
Benefits & Responsibilities as a New Homeowner
House Hunting
Determine your wants and needs You may want a south facing home
with a two car garage but you may need two bedrooms and a fenced
yard. Wants can come later as you improve your home, or move into
a larger home when your equity and income will allow.
Keep in mind the three most important things in looking for real
estate: location, location, location.
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Drive time: Can you spend
the extra time and money driving to work and back? |
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Amenities: Do you like the schools and
availability to shopping and services? Is your church close?
Can you find suitable daycare if required? |
| • |
City master plan: Is the fruit orchard
going to be developed into a strip mall creating a lot of
traffic? What is the city's master plan? |
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Age of home in the area: How will this
neighborhood look in 5-10 years when you may want to sell
the home? |
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Day vs. Night: Have you visited the neighborhood
during different times of the day and night? Are there traffic
concerns at night or on weekends? |
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Extra expenses: How much are the taxes?
Are there homeowner association fees? |
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Restrictive covenants: Are there covenants
that protect the area from having cars parked on lawns?
Can your neighbor paint his house pink? Can he live in his
camper parked on the street? |
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Neighborhood: Do the homes show a pride
of ownership? Have the values been increasing in the area?
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Next: Using a Real Estate Agent
Wants vs Needs| Using
a Real Estate Agent | Using DPA |
Home Value |
The Offer | Inspection & Closing
| Closing Meeting |
Benefits & Responsibilities as a New Homeowner
|
