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Your Perfect Home Is Out There

March 11th, 2010 Posted in Mortgage Info
by Kevin Forcey

When someone says they want the perfect house, car, wife, husband or even yard I always ask them to define perfect. Perfect is one of those words that means different things to different people. I like BMW’s while you may love Cadillac, I like the idea of having space to grow lots of veggies while other people hate the thought of all the work involved in keeping up a lawn. Before you go looking for the perfect house you need to be sure what exactly you mean by perfect.

Talk with your spouse about how many bedrooms you want, do you want a double car garage, is it an absolute must to have a basement games room? The time you spend talking about what you consider to be included in the perfect house, before you start looking through homes, will be time well spent. There is nothing more depressing than looking at 10 houses on a Saturday and none of them being even close to what you want, you can reduce some of this problem by knowing exactly what you want before you even start looking.

Buying a 4 bedroom house rather than a 3 bedroom house will require a lot more money, while you may want the spare bedroom do you have the money? One way you can find out exactly how much house you can afford is to sit down with your home loan company and ask them for a letter of prequalification. This will show that you are good for the amount you are offering to pay for the house (in principal at least).

Being prequalified can give you an edge when you are putting in a lowball offer on a house, while the offer may be low they at least know that you have a good chance of following through and buying the home.

Finding the perfect house for you and your family is possible, you may just have to adjust your thoughts on perfect. A house that is in the right location and is the right size but needs a coat of paint may well be better than one that is the right color but will mean you having to add miles onto your commute to work every day.

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