8 Tips to Find an Affordable Home

Mortgage
(DepositPhotos)

6. Shop for a Mortgage

There’s a popular saying in the dating world — “there are other fish in the sea” — and the same is true for the lending world.

Home loans are extremely competitive, both for the lender and buyer. So don’t settle for the first loan you’re offered, as there could be something better just around the corner.

Borrowers who seek up to five quotes could end up saving $3,000 or more, making it worthwhile to do a little legwork.


Handing Over the House Keys in Front of Real Estate Sign and Sold New Home.
(DepositPhotos)

7. Choose the Right Agent

Speaking of mortgages, a real estate agent could help you secure one, but that’s just the tip of the iceberg.

Agents know the local property market better than anyone, including the inside scoop on homes in your price range.
Give them a wish list and they can match your home needs with your budget — and, in some cases, even a lender.

Talk with an agent’s previous clients and determine the best one for you based on word-of-mouth referrals and online reviews.


Fixer Upper
(DepositPhotos)

8. Look at Fixer-Uppers

Tell your agent that you’re willing to do renovations and you just might wind up with a steal.

Of course, there are limits to the wear and tear you’re willing to take on. You may need specialized inspections to locate potential deal-breakers.

It’s a long process when you decide to buy a house, but there’s no way to avoid it. You’re in for the long haul, so be patient, and you’ll get what you want.

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