3 Steps To Buy A First Time Home
Buying a home for the first time can be a very exciting thing and can certainly be considered a milestone in your life. At the same time it’s very crucial to understand that this has to be a well thought out planned process. Many first time buyers get lost in the excitement and the rush of emotions that comes with such things and end up making many mistakes that they later come to rue. Let’s face it, buying a house is a huge deal, a massive financial commitment and if something goes wrong; then you probably will have to live with it for a long time to come.
There are 3 essential steps to buying a home. Firstly, You must find a good real estate agent to represent your interests. You can always spend your weekends going to open houses or spend burn the midnight oil trying to sift through thousands of listings online. However if you are serious about buying a house and want the process to be done in a smooth and time saving manner then simply employ the services of a good real estate agent. An agent will have a hold of new listings much before they are available online. They will also be able to advise you against an overpriced listing. Apart from this a good agent will literally hand held you through the process of buying a house whether it’s advise on mortgage or the large amount of paperwork that needs to be done. An agent will even negotiate a best price on the property with the seller on your behalf.
The second step involves getting a mortgage pre approval. Also known as a ‘mortgage in principle’, this lets you know the exact amount of money you can spend on a home. Many times sellers won’t even let you look at their houses unless you have a mortgage pre approval letter in your pocket. You can contact a mortgage broker or your own bank to see what options you have. It’s a good idea to ask your real estate agent to give you a referral. Once you have that pre approval amount in tow, you can search for house much more confidently and also direct your agent to place some offers. This is when things start to get really exciting as well as serious.
The last step involves final checks. After you have selected the house that you are going to buy, it’s crucial that you get a professional checkup done by a property inspector. No point buying a pretty house if there are problems with the foundation or cracks on the terrace. Getting a professional to do inspection ensures that what you’re buying is what you’re getting. No more hidden surprises after you’ve moved in. These are the 3 basic, most crucial steps of buying a new home. Follow them and you will be safe and not sorry. If you’re looking to buy a house in Brighton, click here- our website .
Thank you for reading!