Tips to Home Buying in Logan Utah
1. Use a Buyers Agent. A buyers agent represents you as the buyer, not the seller. They generally don't know who the seller is and have no contact with the seller directly. The agent on the for sale sign the "listing agent" is contracted by the seller to represent them, and help them get the most money out of their home.
Our goal as a your buyers agent is to help you find the best home, and get it at the best possible price. Not only will using a buyers agent save you time. A good buyers agent knows market conditions, if a home is a good value, how to purchase short sales and foreclosures, and if sellers are in position to negotiate on price.
2. See if you qualify for first time home buyer programs. First time home buyer grants are awarded up to $5,000, and irst time buyer home loans can save you around a half percent on monthly interest.
3. If your downpayment is less than 20%, and you have to pay Private Mortgage Insurance, refinance as soon as your home can be appraised for 20% more than the amount you own to eliminate that extra insurance premium.
4. When you can, make additional principal payments, or consider a bi-weekly mortgage option. Making extra payments can reduce your mortgage length by years. Another great way to save money is to start out with a 15 year fixed mortgage to begin with. 15 year fixed mortgages have a lower interest rates, and you will pay your house off twice as fast.
More home buying information.
