Scot Ulmer lists 5 helpful tips for buying real estate.

1. 5 U S E F U L T I P S F O R B U Y I N G R E A L E S TAT E
C R E AT E D B Y S C O T U L M E R

2. 1. Ask yourself
a lot of
questions
• What kind of location do
you need?
• Do you need to buy or
could you lease the
property?
• What’s your situation
regarding cash, financing,
and/or ability to make a
down payment?
• How much time can you
commit to the property?
• How much work are you
willing to put into the
property?

3. 2. Learn some real estate vocabulary
Educating yourself on the lingo will not only make you more confident
throughout the process, it can ensure that you don’t miss important steps that
could cost you a fortune in the future.

4. 3. Visit and
consider many
properties.
• Figure out what works
and what doesn’t about
each of them for you.
• Consider the most
important things for
each one including
price, location and
condition.
• Above all, you’re
searching for a “match”
with your property.

5. 4. Find the experts.
• A P R O F E S S I O N A L
H A S T H E S K I L L A N D
E X P E R I E N C E T O
G U I D E Y O U A S F I R S T
T I M E H O M E B U Y E R S .
• T H E Y H AV E K E Y
R E L AT I O N S H I P S W I T H
P R O F E S S I O N A L S L I K E
L E N D E R S , H O M E
I N S P E C T O R S ,
C O N T R A C T O R S , E T C .
• T H E I R G O A L I S F O R
Y O U T O H AV E A
S M O O T H R E A L
E S TAT E
T R A N S A C T I O N A N D
H AV E A P O S I T I V E
H O M E B U Y I N G
E X P E R I E N C E .

6. 5. Figure out your financing
• What type of banks, credit unions or other home
mortgage company could you use?
• What kind of credit do you have and what
kind of interest rate could they give you?
Answering those questions will put you on the right track for the financing process.

7. G O O D L U C K !