Have you ever known
a friend or relative looking for work who said "Any job
will be fine"? Ever been behind an embarrassed shopper
who was informed that his credit card limit had been exceeded?
In the first case,
the job seeker had no goals or objectives - no special job
in mind. In the second case, the embarrassed shopper was unaware
of his own financial limitations. So how do these examples
relate to buying a home?
Once the decision
has been made to buy a home, the first step is setting a goal.
What style home is preferred? How soon will the purchase be
made? What age home is ideal? How large a home is the right
size? What amenities should it offer?
Get the picture?
If a home buyer doesn't have a clear picture of the right
home before beginning the search, it is highly unlikely that
a purchase will result. As someone once said, "If you
don't know where you're going, you'll probably end up somewhere
The wise homebuyer
will also determine his or her financial limits before beginning
a home search. Imagine finding the perfect home, then being
informed that you do not qualify to buy it. Visit a mortgage
lender first, get a loan commitment, then make your buying
decision with the confidence that the home will be yours.