Buying a house that you wish to turn into your long-term home is a big commitment. Ensuring you've selected the right one can be a cumbersome process for some but experts suggest courting a house properly before closing escrow.
HGTV home buying experts suggest buyers start by getting "the lay of the land." Drop by the home at various times of day to examine the neighborhood. This can give house hunters the opportunity to see if the community is for them. Doing this will also familiarize buyers with the area and provide a preview of daily commute times as well.
Insiders also share the importance of investigating the school district as the quality of education in a given community can not only have an impact on the family but can also affect home values by as much as twenty percent.
Those looking to buy a home will find mortgage rates remain near all-time lows with conforming no-point 30-year fixed rates averaging 3.375 percent while the 15-year rate is near 2.75 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.