Purchase Your First Home with Confidence

Written by Neda Dabestani-Ryba


Continued from page 1
Mortgage payment--Fear of being rejected for a home loan is one ofrepparttar main concerns for first-time homebuyers. To lessenrepparttar 150450 stress, you may want to get pre-approved for a loan before looking at prospective homes. This will not only help you feel more confident, it will also give you an advantage where there are multiple offers for a specific property. In addition,repparttar 150451 fact that your loan has already been approved is of great value torepparttar 150452 seller because it shortensrepparttar 150453 purchase process, and there is less of a chance thatrepparttar 150454 buyer will back out ofrepparttar 150455 sale. If you donít have a specific mortgage lender in mind, ask your sales professional for a recommendation. Down payment--The down payment amount varies depending onrepparttar 150456 value ofrepparttar 150457 home you choose and your mortgage lender. And in some cases, first-time homebuyers can purchase a home with no money down. Although it varies from state to state, most offer government-funded programs for first-time buyers that help people buy a home with no down payment. Your real estate professional will be able to explainrepparttar 150458 different options available to you. Making offers--Don't feel pressured into making an offer onrepparttar 150459 first home you see. This is a common mistake of many first-time homebuyers. Make sure you view different homes to get a feel forrepparttar 150460 marketplace. When you decide on a home to make a bid on, work with your real estate professional to get all of your questions answered before making an offer. But don't wait too long to make an offer. The longer you wait,repparttar 150461 greaterrepparttar 150462 chance other prospective buyers may place offers, making it harder for you to negotiate a good deal. Above all, remember there are no silly questions. Make sure you understand and are comfortable with every aspect ofrepparttar 150463 transaction. Your real estate professional can be an invaluable asset in helping you make educated decisions so that your first home purchase is a rewarding experience.



Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.


10 Important Tips to Successful Real Estate Investing

Written by Neda Dabestani-Ryba


Continued from page 1

5. Know where your tenants are coming from Ifrepparttar last rent increase was recent, your tenants may be considering a move. If tenants have a short-term lease, they may be living there simply to attract unsuspecting buyers. It is also important to collectrepparttar 150449 tenants' security deposits at closing.

6. Assessrepparttar 150450 tax situation Taxes are an integral part of successful real estate investing, and they often makerepparttar 150451 difference between a positive cash flow and a negative one. Knowrepparttar 150452 tax situation, and see how it can be manipulated to your advantage. It may be a good idea to consult a tax advisor.

7. Investigate insurance coverage If seller's coverage is based on lower-than-current replacement value, your insurance cost may increase when you pay a higher purchase price.

8. Confirm Utility Costs Askrepparttar 150453 local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent.

9. Consult Your Accountant Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed withrepparttar 150454 constantly evolving tax code.

10. Inspect! Make sure that you always perform a thorough inspection ofrepparttar 150455 property before buying it. Never, ever buy any property without at least examiningrepparttar 150456 site. In some cases, hiring professional inspectors to examinerepparttar 150457 structural mechanical system may be a sound investment.



Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.


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