stickman07738

stickman07738 t1_j3qiyrb wrote

Excellent list, I would add -

Develop criteria for what you want in a home so that you can give your realtor specific instruction as some realtors will try to over sell you. Besides the number of bedrooms, baths, location - what are other items are must have!

For me they were as follows:

  • No major fix up as I am handy but not skilled enough to do it myself
  • Good school district - easier to sell as you will resell it
  • No double yellow-line - indicates high traffic area- tougher to resell
  • No corner property
  • No sump pump or drainage issue (This one is tough but doable as you will need to look at history of the area)
  • No HOA

PS: I personally would also save more than the 3.5% down payments, as you will need to furnishings, paint, minor repairs... I saved 20% to avoid the PMI (how - no vacations, took lunch to work, only ate out 1-3x per year (birthday, anniversary).

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