Since, for most people, the equity in your home represents your single largest financial asset, wouldn’t it make sense to proceed carefully when you decide the time is right for you to buy and own property? own house? The main component of the so-called American Dream, few people proceed, in the wisest possible way, in pursuing this priority. In fact, when done right, home buying depends on professional, designed, and recommended expertise. LETTERS, To prevent your desired dream from turning into an undesirable nightmare, this article will attempt, briefly, to consider, examine, review, and discuss, using the mnemonic approach, what this means and requires, and why it is wise to learn and spend.

1. Analyze; assess; asset: Don’t proceed haphazardly, but pay close attention and fully analyze all the positives and negatives! Know your personal needs, goals and priorities, be carefully introspective and objective about this, and fully assess all aspects of what is involved with the purchase of this specific property. Protect this precious and valuable asset, and proceed wisely!

2. Region: What factors about the specific region, area, neighborhood, etc., could have an effect on the value of certain real estate? What do you need, from where you live, in terms of comfort, security, shopping, transportation, education, etc.? Do they add or reduce value to the property?

3. Tax: How do property taxes, in your proposed area, compare to other benchmarks? Have you considered what that could mean in terms of your monthly maintenance costs/charges and expenses? What impact does the 2017 legislation, which limited state and local taxes to $10,000, have on the value, in terms of offsetting these costs, of your federal income tax?

4. systems; arrange: Have your major systems and components carefully and thoroughly examined by a professional home inspector and/or engineer! You don’t want to buy a waste of money, and if you end up with a major and unforeseen repair, then this can become your unfortunate state! Instead of simply looking and examining what you anticipate, such as a problem, it makes sense to consider obstacles, such as challenges, and emphasize, discovering the key solutions, that will make your life experience happier.

Buying and enjoying a home means knowing and effectively using both the sciences and the LETTERS of this process! Are you willing to reduce the stress that many others experience and enjoy?