Ready to buy a house?

Are you ready to make a commitment? Are you feeling the need to get grounded. Do you feel secure enough to take on a mortgage. Are you ready to buy a house? Owning is probably not for you if you can't commit to remaining in one place for at least a few years, maybe not yet. You may end up losing money if you sell any sooner with the transaction costs of buying and selling a home.

You have to make sure your credit history is good if need to get a mortgage to buy a house. Get your credit report done much before you start house hunting,. Make sure everything is clean and fix any problems if you find any. You need to make sure what kind of money you can spend on your new house. How much mortgage can you pay. Will your salary support it? There are calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford You can buy housing that runs about two-and-one-half times your annual salary.You also need to do a lot of research on banks and interest rates because you need to find something that is not going to kill you. You should be able to manage it. There are a variety of public and private lenders who offer low-interest mortgages. There are some who only require a down payment as small as 3 percent of the purchase price. But of course all this rests on the fact that you need to qualify.

It is a great idea to buy property around areas that offer a lot of amenities. Good schools, good transport systems, good shopping areas are preferred. It does not matter if you do not have children who are in school or you are not the shopping type. If this is an investment , even if you plan to live there for a while it is better to think of who your buyers would be down the line. Strong school districts are very important for many home buyers. So when it is time to sell it will help to boost property values.

Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in todays market. If you’re looking to purchase properties, contact realtor Dale Warfel of Keller Williams Realty, who specializes in properties in the San Jose area and can guide you very professionally and efficiently. Keller Williams Realty has a comprehensive online tool which offers direct access to the latest properties for sale in your area.