Buying a home is one of the most fun, nerve wracking, time consuming, exciting, and sometimes traumatizing experiences we deal with in our lifetime. Here are some helpful ideas to help relieve some of the stress of the home buying process.
Getting pre-qualified for a loan should be one of the first things that are done when looking for a new home. It’s always important to know how much home you can afford. Sellers want to see loan approvals submitted with offers. Don’t home shop until you a full loan approval or you may waste time in your home search.
Consider working with a Realtor®. They know their markets and have access to multiple-listing services, and other avenues that may help you in your home buying process, such as home inspectors, lenders, title, and escrow people. Check the online reviews of your potential real estate agent; ask to talk to any of the people whom have left reviews.
If schools and neighborhoods are important, then research of that area is a must! Research more than one neighborhood in case you need to expand your search area. Ask your potential real estate agent for assistance in pointing you to sources for research of areas.
Creating a list of absolute must haves, such as number of bedrooms, bathrooms, etc, will help narrow down the list of potential homes. You then won’t be bogged down looking at homes that don’t fit your needs.
Get the inspections! There are a variety of inspections normally completed before the finalization of sale. Most common are pest/wood boring insect, dry rot, septic, and the general home inspection. Paying for inspections now could save a new buyer in the long run.
Sit down with you realtor of choice and have a conversation face to face about the home buying process, the offer process, the inspection process, and the lending process. It can alleviate many headaches gaining knowledge of the unknown at the onset.