Interested in buying home...where to start?

My husband and I are tired of renting and want to buy our own home...how and where do we start...what is the best price range for starter home buyersInterested in buying home...where to start?
Many say only spend about 40% of your monthly income on your home. Talk to a real estate agent's finance guy to get a price range. Go tour with a realtor you meet and like at an open house. Don't feel you are tied to them but give them a chance to in your business. Then find a home you really like at that range.Interested in buying home...where to start?
You start by getting pre-qualified by a lender, that will tell you what price range you can afford. After that you should hire a buyer's agent and let them do most of the work for you. In most cases the seller pays the whole commission on the transaction, so you end up getting the services of the buyer's agent for free! The agent will locate several houses that meet your needs, preview them, and help you through the entire process.
Figure out how much you want to pay (3 to 5 times your combined annual salaries, for example). Figure out what payments you can tolerate (30% of your combined monthly take-home, for example). Change the numbers if you think you might be out of the workforce when having kids. Then talk to your banker about getting a mortgage approved that fits with your numbers. THEN (not before) look at as many homes in that price bracket as you can find. The more homes you look at, the better you'll be at recognizing a good one when it comes along.
I suggest starting by taking stock of your financial situation and answer the question; Can we buy a house and how much can we spend?


Then,contact a reputable realtor who will happily guide you through the entire process.


The best price for beginners depends on your location and your income.Are you in Malibu or Memphis? Is your income 50 thou.per year or 500 thousand a year. How much do you have saved? Will you need a mortgage-big or small? As you see there are many variables. ....good luck.
You need to educated on the financing side and the market side.





Go to http://www.warealestatesolutions.com/Bb and you will see some links to help you on the credit side and on the market side. There is a lot to learn, not to mention there are a lot of foreclosures out there.





This is a special kind of real estate that most agents are just fumbling through to get the deal done. You want to look at your credit first, any thing above a 720 is good. Since you are a first time homebuyer, there are programs available for you and tax incentives. Again, time to get educated.
The biggest obstacle to face as a first time home buyer would be the financing portion. Once a lender or bank has pre-approved you, you know what range to start looking in. Start there, and then begin to start working to find a home to buy.