Lowe's Tips for New Home Buyers (Part 2)

Lowe's Tips for New Home Buyers with Tips #6 through #10.

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Tip #6 -- Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.

Tip #7 -- Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and let your home deteriorate.

Tip #8-- Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.

Tip #9 -- Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home’s most important role is as a comfortable, safe place to live.

Tip #10 --Have fun with the process. The small worries of today will be of little concern six months down the road when your moved in and enjoying your new home. View Lowe's Buyer Tips #1 - #5.