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Home Purchasing Tips Buying a home is an exciting adventure. There are many things to keep in mind. Here are some of the most important things to remember while purchasing a home: 1. Work with a Real Estate Professional. Realtors have a wealth of knowledge and can help you negociate to get your home for the best possible price. They can also do extensive research to make sure you are making the best decision possible. Remember that when you are buying a house you don't have to pay a realtor - the seller pays all realtor fees. 2. Keep Your Credit Clean. Run a credit check on yourself and contact any creditors who haven't updated your record in terms of canceled cards, balances that have been paid off, etc. Pay off outstanding high interest credit as soon as possible to make it easier to obtain approval for a mortgage. 3. Get Pre-Approved. Talk to us about how much home you can afford and get pre-approved before you start looking. If you find a house you're crazy about, you can make an offer right away, knowing that your offer will be backed by a solid commitment for a mortgage and there won't be any unpleasant surprises down the road. 4. Determine Your Priorities. Make a list of what you want, need and don't want in a home. Rate your desired home attributes on a scale of 1 to 10 and give a copy to your Realtor. If certain home types are not for you, let your Realtor know. It will save both of you invaluable time and effort. 5. Check Out the Neighborhood. If you find yourself becoming interested in a particular neighborhood, familiarize yourself with the crime rate, property taxes, schools and other neighborhood features. Remember, you're getting more than just a home . you're buying the whole neighborhood package. Also, review any covenants or home owner's association agreements thoroughly. 6. Consider Future Needs. As you look around the house, determine if it has adequate space for you and your family both now and in the future. Are there enough bedrooms and bathrooms? Is the yard and garage big enough? Will your furniture fit? 7. Spell Out the Details. When you do make an offer, be sure to include everything you want from the seller, such as home inspection contingencies, items included with the sale of the house, the amount of earnest money you're attaching and any concessions you'd like the seller to make. Put everything in writing. Don't trust any verbal agreements. 8. Get the Best Deal. Don't be afraid to negotiate! This is especially true when the seller is particularly motivated. Don't worry if your first offer is rejected. You may have to offer more money the second time around, but at the same time you can ask for additional repairs or for the sellers to pay your closing costs. Don't forget that the offer you sign is a legally binding contract. 9. Keep Your Eyes Open. When you're looking at a home, pay close attention to anything that might appear out of place, such as furniture awkwardly arranged to hide holes or stains in the carpeting. Turn on lights and appliances to see if you notice (at a glance) any abnormalities in the wiring. Ask the seller when the roof, water heater and furnace were last replaced and don't forget to check out the condition of the basement. 10. Protect Yourself with an Inspection. Have an inspection done. Read the report carefully and ask about anything you do not understand. Follow the inspector as they perform the inspection. Ask as many questions as you need to. If you do not know of a reputable inspector, ask your Realtor to recommend one to you. Don't forget to have fun during the process. It can be a stress-free and enjoyable experience.
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