What To Look For When Buying a House to Renovate - Fifi McGee
: Your agent will help you look at "comps" (comparable recently sold homes) to find a fair number. buy a house com
You don’t have to do this alone. A specialized real estate agent is your best advocate. They provide access to listings you might miss and handle the gritty negotiations when you find "the one". 4. The House Hunt & The Offer What To Look For When Buying a House
: Don’t forget to budget for closing costs (usually 2-5% of the price), HOA fees, and homeowner's insurance. 2. Get the Golden Ticket (Pre-Approval) They provide access to listings you might miss
: Aim to keep your home price under three times your annual income to avoid becoming "house poor".
: Look past the pretty paint. If you're considering a fixer-upper, check for structural issues like bad DIY or outdated systems.
Before you visit a single open house, you need to know your "buy power." Experts at DFPI suggest checking your credit score and saving for a down payment—which can be as low as for some first-time programs.