Across the country, mortgage rates are among the lowest they have been in years. That means now is a great time to buy Oxford MS real estate.  When you decide to purchase your new home, you will want to make careful plans and put together a budget so that your purchase goes smoothly.  Below I have outlined a few pointers to help you when you decide to delve into your search of Oxford MS real estate.

Buy A House That Suits Your Future Plans

Take your future plans into account when purchasing a home.  For example, do you plan to stay at the same job, or do you expect to relocate?  Do you anticipate starting or increasing the size of your family, or have aging parents, etc that may need to come stay with you?  Will you have children who will be entering school?  Taking all these factors into account will help you choose a home or condo that will appropriately fit in with your future plans.

Know Your Numbers And Stick To Your Budget

Shop for a home that is within an appropriate budget based on your monthly income and expenses. Also make sure to factor in your new homeowners insurance and utility costs, HOA dues (if applicable), and maintenance and repair allowances along with your mortgage principal and interest payments. Make a monthly budget where you set aside the money you pay as a homeowner, so this will help you stay within your desired budget.

Work With An Oxford MS Real Estate Agent

Ask your family, friends and colleagues for recommendations for an agent who is skilled in your target market.  Working with a real estate agent is important because he or she can advise you about neighborhoods and new Oxford MS real estate listings, whereas you might not be able to find all this information on your own.  Also, a real estate agent helps people buy houses for a living, so they will bring a lot of valuable knowledge and experience to the table which can often make the process much smoother and likely produce a better end result.

Find A Good Lender

While you shop for a home or condo, also shop for a mortgage.  Mortgage lenders include commercial banks, community banks, loan institutions, mortgage brokers and credit unions. Your lender should guide you through financing options and give you a realistic view of how much you can borrow based on your income, expenses, and credit. Ask the lender to run a hypothetical scenario as you have a written estimate of the monthly principal and interest payments, closing costs, insurance fees and property taxes along with any unforeseen expenses.

Get The Home Inspected So You Know What You Can Expect

Make sure to have a professional home inspector perform a thorough home inspection. This may identify problems or future repairs that may not have been noticed by yourself. Home inspectors are trained to do just that.

Find The Piece Of Oxford MS Real Estate For You!

If you are ready to take the next step in your purchase of Oxford MS real estate, it would be my honor to be part of this journey with you.  My years of experience living and selling real estate in Oxford MS allow me to share valuable and accurate information and provide for a smooth and easy process buying your home.  To begin looking for homes for sale, simply sign up for your free account on this website, and you will have instant access to search through all current Oxford MS real estate listings. Once you have decided to start looking for a home or condo, contact me to discuss.  I am always happy to answer questions about any Oxford MS real estate listings that catch your attention!