By working with 100’s of clients, I’ve been able to uncover some patterns of success. I’ve seen deals go sour – and I’ve seen them succeed. Here’s a list of common denominators of the regret-free purchasers.
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Over the years, I’ve noticed some patterns that can eliminate some of the unknowns and fears for home buyers.
Here is a list of a few of the top tips:
Determine what you’re looking for in a home. Often times, buyers get swept up in the emotion and excitement of the buying process and purchase the wrong home. Take the time upfront to clearly define your wants and needs. Put it in writing and measure every home you look at with it.
Don’t expect that the seller to confess all the problems with the home. You need to be inquisitive and investigate for yourself to be sure that the home really is a good buy and that you are getting a good deal. Be sure to conduct proper home inspections early on, so that any problems that are detected can be solved prior to closing. You may consider hiring an inspector to examine the home. Make sure you make the contract contingent upon approval from the inspector.
A pre-approved mortgage can be easily obtained and saves you time and energy when placing an offer. With a pre-approved mortgage, you can shop with freedom, confidence and security because you know the money will be there to purchase the home you choose.
Before you put any offers, make sure that the house will be yours free and clear. Often times there are tax liens, easements, undisclosed owners or other circumstances which could cause major issues in the purchasing of your home. Be sure that you’re making the right decision.
Be aware of all the fees you may incur in closing the home so that you know exactly what you will be paying. Having unexpected expenses when moving is something you’ll want to avoid. Sit down with your Realtor® if need be and ask them what you should be considering. This way you will know what to expect and will be prepared.
Be sure to research the market and the neighborhood so that you have a good understanding of what you should be paying for your new home. This way you can determine how to bid on a home and when you’re getting a good deal. If you fail to research the market, making your offer would be like bidding blind. Without knowledge of the market, you could easily make a bad bid.