Avoid Classic Mistakes
Buying a home can be fun & exhilarating or it can turn into a nightmare, depending on the decisions you make in the process. Our professional Realtors can guide you on your journey and we recommend you follow the below guidelines to make the process a smooth one.
Consider Long-Term Needs
It is important to think ahead. Will the home suit your needs three to five years from now?
Examine All Insurance Issues
You should purchase adequate. Homeowners AND Owners Title Insurance. Many agents minimize the need for Owners Title insurance and that is a mistake. Ask your closing attorney about this if you have questions.
Purchase a 2-10 Home Warranty
Seven out of every ten homes will experience a system or appliance failure during the course of a year. As someone protected by a 2-10 Home Buyers Warranty, you will rest easy knowing you are covered by the industry leader that does things the right way. Talk with Melissa about getting the best coverage plan for your specific home..
Know Total Costs Involved
Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Ask them to include the cost of Owners Title Insurance and a survey. Pre-paid responsibilities such as Homeowner Association Fees and escrow for future taxes and insurance must also be included. Be sure to examine your proposed closing statement in advance before you actually close.
Follow Through On Due Dilligence
Buyers should make a list of any concerns they have relating to issues such as crime rates, schools, power lines, neighbors, environmental conditions, etc. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.
Get Pre Approval Before Making An Offer
There are a variety of ways to finance the home of your dreams. However, prior to starting your search, Melissa will guide you through the qualification/financing process so that all the homes you look at are homes that you are qualified to purchase. Nothing can be more frustrating than to find your dream home and then not be able to afford it. Lending guidelines have changed dramatically over the past year and if you have an accurate view of what you can afford, it will ease the entire process for you. Melissa can help you understand just how much house you can afford.
Have A Home Inspection
In our area, home inspections are an accepted part of the home buying process. Nothing has the potential to blunt your enthusiasm over a new home purchase like problems that could be inherited along with that home. Home inspections will often go through the health of a home's furnace, roof, and foundation to give you an accurate description of just what kind of state the home is in. Take advantage of that and don't be surprised if a few things show up that you may not have expected. Also, you may want to consider having a survey done of the property you intend to purchase. A survey will show you where the boundaries of the lot are for a fence and whether any of the property falls into a flood zone.. A survey is the only tool that shows you, the buyer, what you are really purchasing in terms of land.