Buying a home can be an emotionally challenging task for many people. It doesn’t matter if it’s your first home or your seventh, buying a home is a major under taking. What follows is a list of tips to make it a little easier for you home buyers.
- Find the right real estate agent. If you call on a house being advertised on the internet or go to an open house, you are working with the seller’s agent. You never want to work with the seller’s agent because his or her fiduciary responsibility is to the seller. What you want to do is find a good match for your needs. The best approach is talking to family and friends that have bought a house in the last couple of years. They can tell you about their experience with the agents they bought through. You also want an agent specializing in the neighborhoods you are interested in and who can tell you about neighborhoods you that haven’t considered. Try to come up with a short list and set up interviews with each one. Make a list of what you want in an agent. It could be showing homes in the evenings or in the way they communicate with you or in their dedication to following through with the paperwork once you decide on a home to buy.
- You need to be preapproved for a mortgage. You need to know how much house you can afford. Unless you are paying all cash for a house, you need to have a financing source. It could be private financing or a traditional mortgage or seller financing. Whatever it is, before you start making offers, you need to know how much your financing source is willing or able to finance.
- Create a “must have” list. It’s easy to get caught up in the time consuming process of looking at every house on the market. Instead, let your agent filter the showings down to your “must have” list. You can include a “wish” list to find your ideal house. However, you want to look…