How Much Can You Afford?

Before you go house hunting, it’s important to have an understanding of what type of home you can afford to purchase. An evaluation of your financials including your income, savings, monthly expenses, and debts will be necessary.

The first step in your home buying process is to become pre-qualified for a mortgage. This simple process will let you know how much you will be able to finance and what your monthly payments will be. In addition, by having your financing in place, you will be able to move quickly with an offer when you decide on your dream home. This is very important in today’s competitive real estate market, especially when other interested buyers are involved.

Meeting with a mortgage professional is a key factor in determining what price range to perform your search. Generally, a home buyer’s income and liabilities play the largest role in determining the price range of an affordable home.

For more information, use our mortgage calculator to see what the monthly payment would be for your dream home.


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Know Your Neighborhood

Choosing a home means choosing your community. At Champa Realty, our sales are primarily based in Worcester County and Middlesex County, specifically but not limited to Fitchburg, Leominster, Lunenburg, Shirley, Lancaster, Pepperell, Townsend, Groton, Ashby, Ashburnham, Westminster, Gardner, and surrounding communities.

Our real estate agents are equipped with a wealth of knowledge about the surrounding area, so be sure to ask us about the school district and local culture. Understandably, some of the most frequently asked questions are about the local school districts. Even if you do not already have a family when you purchase your home, you may want to consider the options for the future. Even if you do not have children, school districts could have a great impact on the resale value of your home in the future.

Home Inspections

An important step before finalizing your real estate offer is to have the house inspected by a certified home inspector. It will ensure you know everything about the condition or your new potential home and could possibly help you avoid expensive delays in the home buying process.  

A thorough home inspection should examine over 1,000 items. The house will be inspected from top to bottom and will take anywhere from two to three hours depending on the age and size of the property.

For a list of certified home inspectors visits the site linked here: