House Hunting Ninja Tips and Advice for Home Buyers from The Duncan Duo and Waterstone Mortgage

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Here are some House Hunting Tips for Home Buyers from Tampa Bay's #1 Realtor and Expert, Andrew Duncan with Arnie and David Diaz from Waterstone Mortgage on  The Duncan Duo Real Estate Show on 970 WFLA.

When looking for a home, it always starts with your budget - knowing what you can afford, knowing what you can spend, knowing what your comfort level is. It is important to sit down and have that conversation with a great lender, like Waterstone Mortgage, to know how much you can qualify for.

Other things you need to consider, which a lot of people most of the time neglect, are the HOA fees, taxes and insurances. Although lenders usually give you an idea of what your principal amount and interest will look like on a certain loan amount, the won't be able to tell you what the taxes are. Usually the first year taxes are completely different. 

As mentioned previously, insurance is also one factor you need to consider. An example of which that may vary from neighborhood to neighborhood is the Flood Insurance. It is important to get an insurance quote during the inspection period which could be done in a couple of days. Most of the time this step gets skipped a lot which could cause more problems. This will give you an idea of what repairs or updates need to be done. They also recommend getting a home warranty for sellers. This is a great product for those sellers who don't have the reserve and need a little bit of insurance.

Another thing you need to consider is you need to know what your comfort level is when it comes to payments. Not because you can qualify for it doesn't mean you need to take out that much loan. A lot of buyers are just looking on Zillow or other websites and they don't see the  bigger picture. Sometimes buyers push themselves to their maximum limit then something happens and they will have problems with the mortgage.

Some Ninja Tips, as Andrew calls it, is to drive to the neighborhood at night. It will give you an idea of how you feel about the neighborhood, how comfortable you are with it, at a different time of the day. 

Andrew also suggests to use an app that you could install on your phone which could let you sketch the layout of the home. An average buyer buyer looks at about 15 homes and sometimes you forget which homes had this or that feature. This would allow you to easily remember what the homes layout looks like. Andrew's team do a lot of walk through videos as well because they know that buyers usually forget what the home looks like because they look at so many homes.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.

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