Now that you know how much you can afford, it's time to outline your necessities and desires. While we are all limited by our budgets, a starting point narrows the selection criteria so you can make your best choice.
New vs. Existing »First-time buyers often search for a home as if they never plan to move. The truth is, the average American moves every 4-6 years because they want a bigger or smaller home, are transferred, get a raise, or want to move up. A better strategy is to buy the best home you can currently afford and then trade up until finally you acquire your "dream home."
6 Mistakes Homebuyers Make »Selecting the right location is the most valuable thing you can do. Different neighborhoods have very different home values. Nearly everyone wants to live in a crime-free area with great schools. Your Realtor can be a great asset at this time. Ask about general areas in your price range and then drive around to get a feel for those areas. Call your Realtor with addresses of homes you see for sale to obtain detailed price and feature information.
The Hard Way and the Easy Way »Make a list of your highest priorities plus things you would like to be included
You will enjoy much higher appreciation in value when you have the smallest or least expensive home in a particular neighborhood as opposed to the most expensive or biggest.