Do you have a stable income? Do you have workable credit? Do you have
a reasonable down payment?
If so, you could buy a home today
and begin building equity immediately. At Georgia Home Buyers, we realize
purchasing a home is a big decision. That is why we have compiled these tips to
give you guidance on the things you need to know when buying a home.
Tip #1: Know What You Can Afford
In
today’s competitive marketplace, understanding how much you can afford to spend
on a house is an important step prior to beginning your search. To begin this
process, you will need to understand how much money you will have to put down.
It important to figure closing costs into your down payment amount. Closing
costs typically range from 2-5% of the purchase price and are payable in cash at
the time of your closing.
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