Ed Sarfo is a real estate broker and agent living and working in Lexington, Kentucky. He is the principal broker at Commonwealth Real Estate Professionals and has five real estate agents working under him. Ed Sarfo is experienced in both buying and selling and advises his clients on what is best for them. Here are a couple of things you need to consider before you sign the deal on your new house.
What Suits Your Needs
When looking for a new home, you will have several options to choose from. You can choose from a family home, multi-family house, townhouse, condo, etc., but whatever you choose, you will need to make sure it is something that suits your needs. Buying a home that does not suit your needs will leave you either paying more than you can afford, or trying to make renovations which will cost you more money.
Your new home is probably one of the biggest purchases you will be making, so you want to make sure you know exactly what features you want your home to have. Make a list of specific features you like to have in your home, including kitchen and bathroom layout, neighborhood, etc., and let your real estate know about what you expect.
How Much Mortgage You Qualify for?
Before you start looking for a house to buy, you will need to have a clear idea of how much mortgage you qualify for. While you might think you can afford to purchase a $350,000 home, your lender might think you are good only for $250,000. Your monthly income, debt, time worked at your current job, and other factors will determine how much your lender is willing to give you for your new home.
Ed Sarfo grew up in Ghana and studied in Germany before moving to the United States.