What Should Be Considered Before Buying Home?
Whether it's your first time buying a home or not, you should
familiarize yourself with the whole mortgage process. Numerous
mortgage lenders will assist you in the process of acquiring a
pre-qualified and pre-approved home buying application. Of
course, your mortgage qualifications will be required by your
agent to strengthen your deal in finding and buying a home.
The followings are some things to consider when buying a home:
1. Money First of all, before buying a home, consider your
financial status. Check your credit situation by getting hold of
your most recent credit report at the credit center. You should
know exactly how much money you have and how much you can afford
to spend on a home.
2. Needs Vs Wants Do not confuse between needs and wants when
you can have both. Upon gathering information in buying a home,
take into consideration the different types of houses available
and decide what you want from what is offered.
3. The Right Agent If you believe in the comfort and rewards of
buying a home, you will need to trust the agent who will do the
work for you. In finding a reliable agent you will need to look
at many sources of information to determine "who represents
what". It is always best to compare experiences, backgrounds and
referrals of reputable people.
4. Time Do not expect to find a great home tomorrow if you've
only begun your search today. Buying a home is like working on a
school project. It needs ample time. If you think you've
gathered enough information and resources within your time
table, so be it.
5. Cue Cards You don't want to forget even a single detail about
the home you've selected, right? Why not keep little cue cards
where the 'plus & minus' on each home or property you've seen is
listed and recorded.
6. Points and Plus Learn how to bargain and get the best
possible deal.
7. Word Confusion Needless to say, when you buy a home you
should familiarize yourself with the terms and words used during
the dealing and negotiating with your agent and contractor.
Also, try to keep a list of the questions you have that need
further clarification.
8. Safety and Security Be sure to get homeowner's insurance. It
may seem like a lifetime expense, but it will get you continued
savings in the long run.
9. Final Check Do a final inspection or walk-through of the
house before settlement and before the contract is processed.
Please do consider the above checklists as helpful factors when
you to decide to buy a home. Plan ahead and avoid the common
mistakes that most home buyers make.