1. What is better, buying a new house or a resale?

Both have their pros and cons. Buying a resale means you will have to think about renovations and repairs, but the advantage is that you have a house with a history. Sometimes resales are also cheaper, but do think about what expenses you will incur when you fix it up.

A new house comes to you in perfect condition. However, they are often pricier, and lack the “historical charm” of resales.

2. Where can I get a loan if I have a shaky credit history?

Even with a poor credit history you can get a loan for a property. There are lenders that specialize in this sort of situation. However, don’t make the mistake of sending mass applications to different institutions. You will lower your credit history in the process. Instead, find a mortgage broker who can locate the packages for you, and even recommend institutions you would not have found on your own.

3. Do I need to get a real estate agent?

There are many benefits to getting an agent. They can free you from cumbersome paperwork, direct you to the best houses in the area, or if you’re selling your home, be able to promote your home and present it in the best possible way (which will in turn give you better room for negotiating for a better price).