With every new facet of life that is presented we have to learn what is to be learned so that we can avoid the scams, pitfalls, and bruises that mistakes can bring. Below are listed some of the top things you need to know and remember when going into the house buying business.
Without knowing how and where to start, you could get lost before you even begin. Set some basic parameters that you want in your house that will help you figure out what is too high a price and what doesn’t work for the lifestyle you are aiming for. Will you being looking on your own or will you be using a Realtor? If you want a Realtor, give us a call, 208-680-6063.
You don’t want to be picking haphazardly through random, over priced houses where you don’t even want to live. Figuring out the location you want to live in will narrow down your choices to a tolerable level where you can think and compare objectively.
Walking into a house blind and hoping to find what you are looking for doesn’t miraculously happen. This doesn’t mean that you should have everything you might possibly want in your new home written out in a checklist. Simply being aware of the details you really feel are important can prevent you from regretting anything later. Do you want a big kitchen or large closets or a spacious backyard? Which one is more important to have?
Once you find the house you want, you have to be able to know what to do with it. If you have refused to find a real estate agent it could possibly have been easy up until this point. The good thing about having a Realtor on your side is that they will help negotiate with the seller to give you your money’s worth and make sure you aren’t cheated on anything.
There are different loans and different ways of paying for your home. Talk with your realtor over what options will be best with your financial situation. Good financing is a vital part of making good on buying as well as selling a home.
Finding a loan that will work best for you takes more than walking into a bank and applying for some random loan. You need to find the loan that won’t come back to haunt you and won’t pull you under in debt.
Closing the sale on a house doesn’t just mean shaking hands with the other guys and walking into your new house. There is a process to go through and way to get it all done. There are contracts, negotiations, phone calls, drafts, and more to deal with. When you are inexperienced at any of it, you take a risk of something important getting slipped under the rug and ‘accidentally’ forgotten.