To Buy a House is Now!

5 months ago
584

Central Ohio-based realtor Abi Odari has advised that buying a house is a way of building financial security while this pandemic period serves as the appropriate time to buy one.

“The ongoing COVID-19 pandemic has made 2021 a singular time to become a homeowner. Mortgage rates are relatively low right now. Since the interest rate can play a significant role in the loan’s total cost, snagging a mortgage while interest rates are low could be a good move,” Realtor Abi Odari told New Americans Business.

Abi, who qualified as a realtor in 2017 talked about his passion and other things he does in creating amazing customer satisfaction working as full-time real estate agent in central Ohio.

Passion

I help people purchase or sell real estate properties. I advise clients about market conditions, conduct walkthroughs, and provide guidance and assistance through the process of buying or selling properties from beginning to end.

Reasons

Buying a house is a good way to start building financial security. As you pay down the mortgage, you build up home equity which is a valuable financial resource.

  • Stable Monthly Payments
  • Opportunity to Build Equity
  • Cheaper Than Renting Overtime
  • Owning A Home Provides Tax Advantages
  • Freedom to Make Changes
  • Build Your Credit
  • Solid Investment
  • Process of buying a home

Steps

Step 1: Check Your Credit Score

Step 2: Save For A Down Payment and Closing Costs

Step 3: Determine How Much Home You Can Afford

Step 4: Choose A Lender

Step 5: Get Preapproved for A Loan

Step 6: Find the Right Real Estate Agent

Step 7: Determine Your Priorities

Step 8: Start House Hunting

Payment

A buyer does not necessarily need to pay cash to buy a house. Instead, the buyer will make a small down payment in cash (3.5 to 20% of the sale price); get a loan from a bank called a mortgage for the balance. The payment on the loan is expected every month for between 15 or 30 years.

Preparation

  • Start saving early
  • Decide how much home you can afford
  • Check and strengthen your credit
  • Explore mortgage options
  • Research first-time home buyer assistance programs
  • Compare mortgage rates and fees
  • Get a preapproval letter
  • Choose a real estate agent carefully
  • Pick the right type of house and neighborhood
  • Stick to your budget
  • Make the most of open houses
  • Pay for your home inspection
  • Negotiate with sellers
  • Buy an adequate home insurance.

(Abi Odari (Realtor) Email: aodari1@gmail.com Tel: 401-339-8727 of Red One Realty 929 Eastwind Drive # 206, Westerville, OH 43081)

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