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Home Buyers Are Demanding Value Driven Purchases According to CoreLogic
Date:9/20/2013

d for buying a home with transparency and disclosures.

Home Destination suggests home buyers ask themselves the following questions to assist in gaining a value driven purchase:

1. Are Income Related Factors Defined? - Before buying a home, consider income bearing limitations and affordable home price ranges. Factor in family saving needs, including retirement and college, and current debt ratios; use a Buyers Mortgage Worksheet and then meet with a home loan officer.

2. What are the Commuting Distances? - The National Association of Realtors (NAR) recent study found that 73% of new home buyers consider drive time to work a key decision in buying a home. Once the desired location to live is for commute time is established, then searching for local real estate listings within the determined drive time radius makes finding the right home easier.

3. What Unexpected Charges and Purchasing Fees May Come Up? - When buying a home with value driven objectives, knowing any potential devouring costs that may come up later should be addressed up front. Hidden costs may surface during the final negotiations or home closing and simple have to be paid in order to complete the home purchase.

4. What Potential Risks Exist?- Stay objective before falling in love with a home. Having a professional home inspection may reveal potential problems the home has or many have; it is an important step in a value driven home purchase. For example, a home with hard-to-see moisture or infestation problems may drain the next homeowner of financial gains over an extended period of time

5. Is there a Multi-Dimensional View On the Home Investment? - The CoreLogic
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