When should you buy your first home? The  answer to that question depends on many factors, but in some cases home buying is an easy decision. If there are homes to be found where the mortgage payments are about the same as your rent payments then you need to start looking at homes for sale.

When you pay rent every month you have a roof over your head, but nothing else. You are not buiding value (equity) when you rent. You are just helping your landlord get richer while you get poorer. In any real estate market, buying a home is an investment in your future. No matter what the average costs of homes for sale in your area, there are always bargains to be had.

If you are handy with tools and have some spare time you may want to consider looking for a fixer-upper in the real estate listings. There are many perfectly good properties for sale that just need some work to be worth much more than their current price. This can be a great way to get into a home long before you thought you could afford to buy.

You can aslo find bargains on forclosed homes. Banks don’t want to be in the real estate business and you can often make an offer for less than a home is worth and get a yes from a bank that is lookig to unload the property.

You can sometime find bargain homes for sale by seeking out homes that are listed as for sale by owner. You don’t have real estate agent commissions raising the price. But more than that, you may find some of those properties that are priced much lower than their true value because the owner didn’t get a professional appraisal.

Another great place to find bargain homes for sale is Ebay. Many people never think about checking the auction giant for real estate listings, but there are some great home buying bargains to be found on Ebay. Ebay is another way to avoid real estate commissions becuase they charge a flat fee for the listing.

Check out some of the great buys below and in our homes for sale store.

Tags: first home, home buying, homes for sale, property for sale, real estate for sale

This entry was posted on Friday, August 8th, 2008 at 11:52 pm and is filed under homes for sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.