The best way to make sure you choose the right home is to do your homework. The purchase of a home is a tremendous investment, both monetarily and emotionally. The purpose of this page is to provide you with some tips to help your transaction progress smoothly and result in you being a happy homeowner.
Hire the Right Agent
Your home is likely to represent one of the largest investments in your life. In order to make sure the transaction goes smoothly it is vital that you choose the right agent to represent your interests. The right agent will be someone whose experience and personality makes you comfortable. You should try to find an agent that is familiar and knowledgeable about the area you plan on moving to.
Get Pre Approved
Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect home, then discovering it is out of your price range. Speak with a lender to learn about the different financing options available to you. When you find the right lender, get the paperwork processed so you will be ready to buy once you find your perfect home.
Avoid Major Purchases
In order to determine the amount of home you can afford a lender will use your debt-to-income ratio to determine the percentage of your pre-tax income you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt before buying a home it will have an impact on the amount of the loan that the lender will finance.
Sign Up For Property Watch
In order to make an informed decision you need to learn about availability and pricing in the real estate market you're interested in. You can browse all the active listings from our website. Once you have found some homes you like, save those searches and sign up for property watch so new listings will be emailed to you. The best homes move fast. Make sure you stay on top of the available inventoryso you don't miss out.
Have The Home Inspected
The last thing you want to discover after you've bought a home is that you own a "money pit". By money pit we mean a home full of defects which will end up costing you a lot of money. Save yourself from future litigation by bringing in a licensed home inspector before you buy. If any problems are found, the report will help you make a better decision or negotiate a better price.