Helpful Tips

Buying

Quick Facts for Buying

1. Don’t make any major credit purchases prior to purchasing a home.

2. Have a plan of action. Being organized will help alleviate stress and aid you in getting the best home deal possible.

3. Get Pre-Approved. It gives you credibility as an interested buyer.

 

Considering-Offers

Considering Offers

When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a buyer.

Some terms that may work in your favor:

  • higher-than-market-interest in a second mortgage for your home
  • the buyer will pay for most or all of the closing costs
  • the buyer will take care of any repairs
  • quick close – the buyer is pre-approved and ready to close in a time that best suits you
  • all-cash deal

When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.

 

home-inspections-banner

 Importance of Inspection

As a buyer, you are entitled to know exactly what you are getting. Don’t take for granted what you see and what the seller or the listing agent tells you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new one. An inspection is an opportunity to have an expert look closely at the property you are considering purchasing and getting both an oral and written opinion as to its condition.

Beforehand, make sure the report will be done by a professional organization, such as a local trade organization or a national trade organization such as ASHI (American Society of Home Inspection). Not only should you never skip an inspection, but also you should go along with the inspector during inspection. This gives you a chance to ask questions about the property and get answers that are not biased. In addition, the oral comments are typically more revealing and detailed than what you will find on the written report. Once the inspection is complete, review the inspection report carefully.

You have to demand an inspection when you present your offer. It must be written in as a contingency; if you do not approve the inspection report, then you don’t buy. Most real estate contracts automatically provide an inspection contingency.