You're Not The Boss Of Me

Lending rates are up and that's scaring a lot of potential buyers from getting their dream home. However, just remember that home prices are falling which offsets the prime lending rate at the moment. Here on Long Island, houses that were selling for well over $400,000 are now listed well below that price, some even up to $50,000 less. Don't be discouraged when looking for a home. Visit a real estate agent who can quickly pre-qualify you for a mortage and be very decisive about the kind of home you are looking for. Do your homework first and look at neighborhoods, school districts, taxes and shopping areas. If you are a couple looking for a home, then make sure you have a meeting of the minds before you visit an agent. That way, you can all be on the same page when shopping for a home. People ask me "how will I know when I find the right home?". My answer to them is, it's very similar to the first time you fell in love. If you can't stop thinking about the home you saw, then that's probably the home you want to live in. As always, visit our website for more information on buying a home on Long Island at H & G Realty. Also, you can keep up to date on the prime lending rate at Bank Rate.