Buying a home is a complex process. You can't rush it. Instead, you need to take your time and review the information at your disposal every step of the way. Otherwise, you could end up paying more for a home than you can afford - or get stuck with a money pit.
Here is the PropertyRecord.com guide to what to review during the home buying process.
Review Tip #1 – Check your credit report. If there are any black marks or errors, you need to fix them so you can get a good rate.
Review Tip #2 – Figure out what you spend in a given month versus what your paycheck is. Then figure out how much you can really spend each month on the mortgage.
Review Tip #3 – Go to your bank and find out how much they will pre-approve you for on a mortgage. That way you know what you can afford when you are home shopping.
Review Tip #4 – Find a reliable real estate agent. Get one that has been in business a while and check their references.
Review Tip #5 – Use PropertyRecord.com to get the details on every home you are interested in, and review the information carefully.
Review Tip #6 – Hire your own home inspector, not one suggested by your real estate agent.
Review Tip #7 - Hire an independent contractor to check out the roof, air conditioning and heating systems in the home.
Review Tip #8 – Hire a pest control expert to check for infestations.
Review Tip #9 – Check your mortgage details. Make sure it isn't an adjustable rate mortgage that will go sky high in a few months.
Review Tip #10 – Have your lawyer go through all documents and contracts to make sure that they are fair and legal.
If you follow all of these review tips you should have a smooth, hassle-free home buying experience. Read reviews on PropertyRecord.com to see what others have to say!
No comments:
Post a Comment