Top 10 Tips to Successful Home Buying

Tip #1: Research Is The Key To Discovery

  • Only by reading available materials, talking to friends and experts, and spending time looking at different homes, schools, and neighborhoods will you end up with your American dream.

Tip #2: Make A Plan And Get Mortgage Pre-Approval

  • Develop a home buying plan to focus on important factors in your search and get pre-approved by a good lender. Ask your lender to pre-qualify you for your mortgage and provide you with a pre-approval letter that you can provide to your real estate agent.

Tip #3: Value, Value, Value

  • The classic rule of buying the worst house in the best neighborhood still applies. If you buy with an eye towards improvement, you can fix the home to fit your needs.

Tip #4: Create A Top 10 List Of Amenities

  • List the features that are most important to you in deciding on which home to buy.
  • Remember: Some of your top 10 amenities should logically be sacrificed if an incredible value is available.

Tip #5: Fixed vs. Adjustable Rate Mortgages

  • Be sure to ask your lender questions to determine the best fit for you!
  • Scrutinize all the closing costs listed by your lender to insure all costs are warranted and you understand all terms of the mortgage.

Tip #6: Sign A Contract That Protects You

  • Make sure that the contract you put on a house allows you to arrange financing, inspect the home, and negotiate any problems that you uncover.

Tip #7: Get a quality home inspection!

  • Althout it is hard to believe, more people pay for inspections before buying used cards then when making the biggest investment of their lives – their homes. Paying for a quilaified home inspection before buying a home isn’t spending “a little extra” for peace of mind – it is absolutely essential for anyone who doesn’t want to spend thousands in repairs.

Tip #8: Peace of Mind: Home Protection Plans

  • To protect both you as a buyer, as well as the seller, it is a good idea to purchase a home protection plan. What is this? A home warranty, or home protection plan, is a service contract, normally for one year, which protects the homeowners against the cost of unexpected repairs.