Well if you are new to buying a home. Then these are the question that you sometimes ask. So what is the best way to buy a home? Well, lets start with a few basic steps that you want to keep in mind when you buy a home.
Step 1. Make sure that you have your Financing lined up.
Now, I know that this sounds backwards but it is true. You want to make sure that you know how much you can qualify for. This one step will save you so much time and gas. Why waste time looking at homes you don’t qualify for when you can spend the same time finding the home that you can purchase in your price range. That’s way you want to make sure that you have your financing lined up. Make sure that when you are dealing with your lender you get your Pre-Approval letter. This helps because when you decide to make a offer on a home you can show the For Sale Buy Owner or the Listing Agent that you are ready to buy. Also make sure you understand the terms of the financing such as: Fixed rates, Arm Rates etc.
Step 2. Make sure you have the areas you want to live already outline.
Another problem area you want to tackle , make sure that you know the area you want to live in. I would suggest that you have three different ones lined up. Make sure you put your best choice first, followed buy the second and third. This will allow you to focus your attention on the ones you really like. If the first choice is not available then you have the second and the third to fall back on.
Step 3. Do you need a professional to represent you or are you a do it yourself person?
If you never bought a home before you might want to consider having a Realtor to represent you. Don’t be afraid to have someone else represent you if you don’t understand the terms and the paperwork. Now if you like to do things yourself make sure that you understand the paperwork. Most buyers make their mistakes when they don’t understand what’s going on in the transaction.
Step 4. Make sure that you have a inspector or a experience contractor look at the home before you buy it.
This will save you so much time if you have the money to hire one. A license inspector can check the home out and tell you what’s wrong with the house. It will also save you the headache of learning about the defects after the purchase. If you don’t have the money for any inspector you might want to consider having an experience contractor (possible a friend or family member look at the house for you) Must contractors understand structure and construction of the house and if they are a friend or family they just might do it for you because they know you.) Also if you have a friend or family member that does plumbing and electrical work or air condition work you could have them take a look at it for free.
Step 5. Make sure that you check for termites.
Here in Texas we are known for termites. I don’t know, it might vary from State to State but make sure that you have a pest control person inspect your home for termites. This charge will vary from state to state so make sure you get quotes.
There you have it an easy outline to follow. Remember if you would like further assistant in buying and selling your home make sure that you contact me so that I can assist your or for faster service fill out your information on our website and someone will reach you. Thanks in advance