Whether you're a first time home buyer or you're familiar with the process of buying a home, it's always great to have some professional tips before you start looking for your new dream home. Below are some of our tips we think are the most helpful when buying property. If you're a first time home buyer, check out our First Time Buyer page for more specific tips for your needs.
Financing basics. To become more knowledgeable and make informed decisions when choosing your new home, it's a great idea to become familiar with the financing basics. This will ensure you know your price range and the right loans.
Getting pre-approved. This step takes very little time and it is a smart step to take before you start shopping.
What do you want? It's a good idea to list out the things you know you want in your house. things to include are size, repairs, commute time, price, and location. You don't want to end up buying a house that doesn't have everything you need.
Control your debt. Make sure you try to pay down your credit cards and don't make any major purchases prior to buying your home. Trying to keep your debt load to a minimum should be a priority.
Fast decisions. Home can sell quickly, and competing buyers can try to take it quickly. So, be prepared to make a fast decision if necessary. Terms can change, so be able to be flexible.
Have a strong offer. Make sure to submit a competitive offer, and include a substantial deposit. Offers can be accepted or denied based on the deposit amount.
Inspect. Hiring a professional building inspector is a smart step to take when deciding on a home. You should know any necessary repairs and the condition of the house.
Know what goes. Work out what stays and goes in your new home. This included items like furniture, washer, bed, etc.
Written agreements. Its always a good idea to have any verbal agreements written out. This can save you stress and money in the future.