Buying a house is not a simple process and you would find out that this is truer, if you are one of the first time home buyers. You will be required to consider several aspects with regards to home buying. It is practically impossible to handle the home buying process of your own, unless you have experienced people who can handle the show. However, it would be better to get of experienced and authentic people. For instance, you can get help from the REALTOR®, mortgage broker, and the home inspector and so on. They are the people who can help you to take the correct decision about buying a new home. Just keep in mind that they too are professionals and you will have to pay them their share of commissions too.While a REALTOR® can help you in finding out the true value of the new home, he can also suggest whether or not buying a house in a particular locality will at all be worth your money. A home inspector is the person who can help you with identifying the areas which may have to be repaired and the cost involved in the same. You can also talk to your friends and family members residing in that area, if you have one.Although it is true that the home buying process cannot be handled alone, try to understand as much as you can and if you have any confusion, don’t hesitate to get it clarified.
Here is the list of the tips which can help you in buying a home, in case you are a first time home buyer:
Do not forget to consider your affordability – The most important factor is to determine your affordability. Depending on your existing monthly financial obligations, decide about the mortgage loan that you are planning to take out.Find out a suitable location – The next important factor is finding a good location. The location you select should be worth the amount you are shelling out. Commuting to work or taking your kids to school shouldn’t be a cause of concern.Work out a budget so that you can make the payments – Work out a budget so that you can assess your expenses once you buy your dream home. If your finances are not permitting you to buy a house now, work on bettering your finances first. You can move to a rented apartment instead.Gain knowledge about the local market – Prior to settling for a home, do a bit of research and find out the actual value of the houses in the neighborhood. Sometimes a seller may be asking for more.Make sure to read the fine print – Since taking out a mortgage will affect your life in the years to come, it is very important to know what you are terms and conditions you are actually accepting.Make improvementsbefore you start living – If it is found that your new home needs certain changes in form of repair work, make sure that the same gets done before you start living in the new house.In addition to the factors mentioned above, there are various other minute details which require your attention. Like, it’s important to shop around for the best deals, so that you don’t have to regret for your decision later.Shane Parker, Guest Blogger for The Real Estate Savvy
Author Bio :————————Shane is a financial writer and community member with profound knowledge on the real estate industry. He has also made notable contributions through various articles written on different subjects related to the real estate and mortgage industry. This article is about the useful tips of buying a home.
It’s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition you expected it would be. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in working condition and that agreed-upon repairs have been made. Here’s a detailed list of what not to overlook for on your final walk-through.
Make sure that:
Repairs you’ve requested have been made. Obtain copies of paid bills and warranties.
There are no major changes to the property since you last viewed it.
All items that were included in the sale price — draperies, lighting fixtures, etc. — are still there.
Screens and storm windows are in place or stored.
All appliances are operating, such as the dishwasher, washer and dryer, oven, etc.
Intercom, doorbell, and alarm are operational.
Hot water heater is working.
No plants or shrubs have been removed from the yard.
Heating and air conditioning system is working
Garage door opener and other remotes are available.
Instruction books and warranties on appliances and fixtures are available.
All personal items of the sellers and all debris have been removed. Check the basement, attic, and every room, closet, and crawlspace.
All my best,
Myra Spano, REALTOR®
About the Author:
Myra Spano is a service and results oriented real estate agent with her client’s goals as top priority. Myra is recognized as a top producing agent in her office in Virginia Beach and enjoys working with both buyers and those selling their homes.
For information about purchasing a home in Virginia Beach, visit her website. This site is focused on homes available for sale in Hampton Roads, Virginia. Email, call or text to make an appointment begin your home search.
If you are considering selling your home in Virginia Beach or one of the surrounding areas, visit the seller’s website to request a Free Market Analysis of your property.
Myra Spano & Prudential Towne Realty is awaiting to provide the real estate guidance you need. Contact us now to make your home dreams come true!