When you decide its time to buy your own home, there are a few initial steps you should do to get yourself ready. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and the first thing you need to do is calculate how much money you have in savings and assets, your total annual income and your expenses. You need to know how much of it you can allocate toward a down payment and other expenses. Check your credit report and fix any errors if you find any. This will help you determine what type of loan you can qualify for, and the price range of homes you want to look at. Next, you need to determine how much house you can afford. The best way to do that is to follow the common rule that your monthly mortgage payment should not exceed 28 percent of your pre-tax income. Then you can plug your information into an online mortgage calculator to get a starting idea of exactly how much you’ll pay each month with different interest rates and terms. Finally, keep an open mind and look at a wide range of properties. Go to open houses and cruise the Internet. When you fall in love with a house and are ready to make it official, we can help you navigate the process from putting in an offer to the closing table. Check out below to see what sold in Woodlands of Northville condos in May 2016:
44454 Birchwood Court, Northville: 2 bedrooms, 2 bathrooms, 1,958 sq. feet, 2 car garage, Sold Price: $380,000
For more information on Woodlands of Northville condos or similar Northville or Novi neighborhoods such as Island Lake Arbors, Country Club Village and The Villas at Northville Hills, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.