Monthly Archives: July 2015

The CARDS Approach For Preparing To Buy A Home

Congratulations, and best of luck! You’ve made the decision, to seek, what for many, for generations, has been, which is the essential component of the so – called, American Dream – buying a home, of your own. When one proceeds, carefully, and wisely, and buys, what he needs, likes, can afford, and is located, in an area and neighborhood, you desire, you’ll have the best chance, of achieving your objectives, in a relevant, smart, priorities – oriented way. Since, for most Americans, their ownership of their house, represents their single, biggest, financial asset, doesn’t it make sense to pay keen attention, and get the best results? With that in mind, this article will briefly discuss, consider, and review, using the mnemonic approach, the CARDS approach to home buying.

1. Credit: For those who are well – prepared, before they begin their search and hunt, it has the potential to be, a satisfying, inspiring, motivating experience. An essential aspect and component, is to fully consider, review and prepare, so, your credit is your friend, rather than becoming an obstacle, and/ or worse! Several months before you begin searching, sit down with a recommended, mortgage professional, and gather relevant, meaningful, feedback. Then, address, any, and every area, suggested. Have all the necessary reserves, for down – payment, maintenance, several months carrying charges, etc. Carefully review your Credit Report, and address any issues, and make it, as favorable, as possible! Be prepared!

2. Attention: Pay keen attention to details, and never ignore, even the minor issues, but proceed, in a timely manner, to be, as prepared, as possible. Objectively, introspectively, examine your needs, goals, priorities, as well as limitations, and determine, the best course of action, to pursue.

3. Reserves: Accumulate all the reserves you will need, as well as those which might make you more comfortable! Obviously, you must have the down – payment. Have at least 6 to 9 months, reserves, put aside, for monthly carrying charges, etc. Create a reserve for repairs, renovations, maintenance, etc, so, home ownership, becomes a pleasure, rather than stressful!

4. Debts: Simply stated, reduce all other debts, so you have an easier time, qualifying for the best mortgage! Doing so, also, creates a form of needed, self – discipline! Aim to become your best friend, rather than being your enemy! Also, avoid taking out, any additional, new debts!

5. Savings: Focus on accumulating savings, as well as proceeding, efficiently in areas, such as energy, and other cost – savings, areas

Let the CARDS approach, work for you, so you are best – prepared, for home buying. Will you have the self – discipline?


The MINSTS Of Deciding, To Buy A Home

We often refer to, owning a home, of our own, as the American Dream. Since, for most people, their house, represents, their single, biggest, financial asset, doesn’t it make sense, to proceed, in a well – considered manner, and considering as many of the necessities, positives, negatives, and potential ramifications, and responsibilities, as possible, so, as, to be, as prepared, as possible? After over a decade, as a Real Estate Licensed Salesperson, in the State of New York, I have created, a simple, set of priorities, to focus on, and emphasize, which I refer to, as, the MINSTS of deciding to buy a home. With that in mind, this article will attempt to briefly, examine, consider, and review, using the mnemonic approach, some of the central components, and considerations.

1. Meets your present needs: What are your present needs, and priorities? Are you considering these, rather than pursuing some emotional attachments, etc, and becoming your own, worst enemy? Unless/ until, someone considers, in advance, what he needs, how is it possible, to know, what to look at, and pursue, and make the wisest decision, for his personal situation?

2. Imagines future necessities: What is the focus of purchasing a particular home? Do you hope, to, merely, purchase a starter – home, or, to buy, something, which meets, both your present needs, while considering your future necessities?

3. Neighborhood: What do you like about, the particular neighborhood? Why, and how does it address your needs, and priorities/ purposes? Will you consider, issues such as schools, safety, conveniences, etc, in a focused manner? Will you be happy, there?

4. Schools: Whether, you presently have school – aged, children, or not, the quality of local schools, and the school – system, are significant, in terms of real estate values, etc. However, you must also, carefully, consider, and examine, the balance between the quality of the schools, and the impact on your real estate taxes!

5. Transportation: Is the house, conveniently located, to a variety of forms, of transportation? Are their quality, public transportation, facilities, nearby this property? Are you close, but not, too close, so as to enjoy, quiet enjoyment of your home?

6. Safety: Before purchasing any house, closely examine, the public safety, and crime rates, in the specific area. Will you be able to live, in relative, peace – of – mind, because the area, is a safe one?

Consider these MINSTS of deciding, to buy a home, of your own. Protect your investment, and proceed, in a happy, fulfilled manner!