Mar 2, 2012

Purchasing a Home

If you are a newlywed couple and are renting you might want to check into purchasing your own home.

Home prices in the United States are at an all-time low. In certain states such as Florida, California and Nevada they are really some unbelievable deals there. In the state of Florida you can find a three bedroom two bath in the price range from $29,000-$55,000 and with a few minor repairs have a very nice home.

If you can afford it the best way to purchase one of these foreclosed homes would be with cash. If you do have to finance you more than likely will have to come up with a 20% down payment which is still not bad because you will have a lower balance to finance. I would suggest that you find a well-qualified real estate agent when looking for a home as they can be very helpful. They will be very knowledgeable of the local market and could do comparison prices in the neighborhood you are interested in. They also have access to many listing.

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