There is nothing more exciting than the home buying process or buying a home. Here are some tips to help you through the process of buying a home.
Finding out how much you can afford, is your first step. Check around; don’t take the first pre approval you receive. You have thirty days to shop around, without your credit score being affected, so take advantage of this time.
Don’t let anyone push you around into signing papers. Know what your options are, before you sign. Your number one priority is getting the best loan rates.
Finding a Realtor
Realtor.com is a great resource in finding a local realtor. Also, you can also go with a local that you see around town. Another way is word of mouth.
Ask around who is a trustworthy realtor, as this is the best way to get a realtor who will walk you through the entire house buying process.
Finding a Home
Now is the perfect time to buy a home. Whether you are buying your first or second home, the housing market has a large inventory right now. Yahoo Real Estate is a perfect option when you are just beginning the search.
Your realtor will be able to provide you with a lengthy list of houses, but it never hurts to search yourself. If you find a home you are interested in, send the link to your realtor to get a showing for you.
Placing a Bid on Your Home
When you get ready to place a bid, relax. This is where the wait comes in. Don’t expect to get a quick reply as many times you are waiting on a bank to respond that is out of state.
Ask your realtor how long the wait will be. Often times, she can ask the selling realtor on a specific time amount; you might get lucky and know how long it will take.
Get a Home Inspection
Although this is not only mandatory, my advice is this is your saving grace. When we were looking to buy a house, we found one we loved. After we got the home inspection, the inspection revealed things about the house we hadn’t known about. We ended up going with another home. Getting an inspection can save the buy tons of money.
Make a Checklist of To Do’s
After you get notice the house is yours, now is the time to start making your list of things you want to do to the house, before you move in. Make your list, according to how much each project will cost. This will help you to know which to do first.