5 House Buying Tips For First Time Home Buyers Buying a house is one of the most exciting things that can happen in one’s life. Whether we buy a newly constructed property or a place that has already been lived with, it’s always going to be one of the major milestones of our lives. However, the process of buying a house can be daunting at times; which make it essential for buyers to go in the market with perfect knowledge. So if you are buying a home and looking for house buying tips for first time home buyers, here is everything that you are looking for.
House Buying Tips For First Time Home Buyers – Start With A Mortgage The first and foremost thing to do before buying a house is getting approved for a mortgage. There is a vast variety of mortgage programs for first time home buyers: FHA, VA and USDA are few to name. While getting approval, a mortgage lender helps you determine what home is in your price range based on your credit history.
Find A Realtor Who Knows The Market Once you get approved for the mortgage, find a good realtor: One that knows the area and the market. If you are struggling to find a trustworthy realtor, get referrals. More than 50 percent of buyers find their agents through personal referrals or prefer an agent they’ve worked before. The realtor you choose plays an important part in making or breaking your home buying experience. A good realtor is a great time saver, knows the area and puts his client’s needs first. So choose wisely.
Shop Around To Get An Idea Of Pricing This one is one of the most important house buying tips for first time home buyers as many buyers make the mistake of falling in love with a property, which ultimately leads them to buying a house, which, let’s say is not so perfect. So don’t make the same mistake. Take your time, shop around, get an idea of pricing and then make your final move.
Get You Home Inspected Once you have chosen a house, get it inspected by a professional home inspector. If any flaws are discovered, it will be seller’s responsibility to pay for the repairs. On the other hand, if the new owners fail to discover any faults, move in, and then start encountering problems with plumbing, electric or air conditioning systems of the house, the previous owners would not be responsible for fixing the repairs.
Ask Your Real Estate Agent About Closing Costs Closing costs may vary from sale to sale, so ask your agent about the expected closing costs. Typically they include: • Cost of hiring an attorney who looks over your buyer-seller agreement • Cost of home appraiser to evaluate the home before sale.
Conclusion These are some of the house buying tips for first time home buyers. The bottom line is, buying a house is probably going to be the most significant financial investment you will ever make. So don’t rush into the process, take your time and make the purchase when the time is perfect.
For More Information Sellect Realty LLC Marietta, Georgia Source: www.sellectrealty.com