Get A Good Home Inspector

Category: Finance, Real Estate.

Use A Professional that Knows the Market. The average home owner may purchase two or three homes in their lifetime.

The most important aspect of purchasing a home is having an expert on your side. Real estate professionals know how to navigate through the potential pitfalls of purchasing a home. Any of these problems can cause you a lot of money and grief. They can help you avoid costly mistakes such as: choosing the wrong lender, the wrong type of home, failing to get a thorough home inspection and problems with the title. Do not buy a home without a real estate agent to represent your best interests. Buying a home through an agent that represents your best interests costs you nothing and can save you thousands.

The seller pays your real estate agent s fees. Here are some of the most common mistakes buyers make, which often costs thousands of dollars, large investments of time and loads of grief: Plan Before You Purchase. Make sure to sit down with your real estate agent and map out a strategy. Purchasing a home is an emotional experience. Don t let just one aspect of the home drive your decision. Where would you like to live?

Try to answer the following questions. How far do I want to commute? Get pre- approved! How much home can I afford? What type of home do you want? Get The Right Lender.

Come out of this exercise comfortable with your area and your mortgage. There are many types of loans available and getting the right one for your situation is crucial. Some are online and some local. There are also many lenders vying for your business. Getting a good local lender is crucial. A good lender will make sure you get the right loan and rate.

Your real estate agent should be able to make recommendations from lenders they have experience with. Identify Your Opportunities. You real estate agent is a excellent resource for finding deals. If you re looking for a deal, you need to know where they are. They work in your market and probably know of several sellers that may have special circumstances. Work with your agent on this and you may be able to save yourself thousands.

These circumstances could be divorce, relocation or loss of job. Get A Good Home Inspector. Bad inspectors tend to overlook a lot of problems. Just like any profession, there are both good and bad inspectors. You want an inspector that will scrutinize every aspect of your home. You do not want to purchase a home that has structural or other serious defects because the home inspector overlooked them. Your real estate agent knows the industry and can recommend good inspectors.

This could cost you big! Purchasing a home with a" clouded" title can be both financially and emotionally draining. Not Getting Clear Title. Learning after the fact the previous owner still owed contractors money for the finished basement on your property which is now a lien against your property causes a lot of grief. Don t Waste Time. Your real estate agent will help you purchase title insurance and make sure the title to the property is free and clear. Home buyers can waste valuable hours in front of computers searching for homes online.

Let your real estate agent save you that time to spend on what is important to you like your friends, family and work. Most times the homes you find are not the best deals. Let your agent find the right home and notify you when it s available. It is very easy to forget about resale when you are house hunting. Don t Forget About Resale. As you tour homes, try to put yourself into the perspective of a seller.

When you buy you should also be thinking about the time it comes to sell. There may be some quirky characteristics that draw you, but homes with only one closet may be hard to resell when the time comes. Do Go Back and Check the Neighborhood. But what happens there on the weekdays or after dark? Most home buyers do their shopping on the weekends. Does the passing street fill up with cars during commute times?

The only way to answer these questions is by checking the neighborhood at various times. Do the neighbors have their stereos blaring? Do the Final Walkthrough. Before closing, make sure you check to see any requested repairs have been completed. Not completing the final walkthrough can be a crucial mistake. Make sure there is no damage you were unaware of and that nothing else has changed. If you can afford to purchase a home and don t actually purchase a home, you will lose out on tax deductions, appreciation in the value of the home and the generation of home equity.

Any problems after the purchase are yours. 1Not Buying at All. Not buying, when you can is perhaps the worst mistake of all.

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