There is no feeling like buying that first home. Most first-time home buyers feel like they are caught up in a whirlwind as all of these processes take place and forms get signed in what seems like the blink of an eye. If the process feels like a whirlwind, then you might make mistakes or allow mistakes to be made on your behalf. When you enter into your first adventure in buying a home, there are some tips you should follow to make the process easier.
Hire An Attorney You Trust
The home buying process will slow down considerably for you if you hire an attorney you trust who is willing to explain the process to you as you go along. You will need a good attorney to make sure your interests are protected and that the paperwork is right for closing. You should take the time to find an attorney that you feel comfortable with and can talk to about the entire process.
Do Your Own Research
Do you know what an escrow account is? What does it mean to be pre-qualified for your mortgage? Should you get pre-qualified for your mortgage before you start house hunting? You and your spouse need to sit down and write out all of the basic questions you have about the process and do some research on the Internet. You won’t become a home buying expert, but you will understand everything that is being said around you.
Plan Out Your Hunt
Before you start looking for your home, think about the features you will need and the amenities you want. Are you looking to start a family? Then consider extra rooms and even an extra bathroom to make life easier. If you absolutely want an in-ground pool, then make it a deal breaker on your list of amenities. This is your house you will be paying for, so you should get exactly what you want.
Look At A Lot Of Houses
You went through the process of getting pre-qualified and you are standing in the living room of the first house your real estate agent has shown you. It feels perfect and you want it. Or do you? You should look at no less than five houses before you start making decisions. Forcing yourself to check out five houses minimum means you will see what different properties have to offer and you can start to get a good idea as to what you can really afford. Your weekends should be filled with visiting open houses and doing everything you can to explore all of your options.
Research The Neighborhoods
Most neighborhoods tend to be quiet and unassuming until some activity flares up. You might be looking at a house in a neighborhood that is earmarked for commercial development and you may not know it. Before you fall in love with a house, check out the neighborhood using online resources to see how the crime rate and any other important factors look.
There is a giddy feeling people get when they are buying their first home that can sometimes stand in the way of making a good decision. It is important to treat your first home purchase like the business decision it is and use the right methods to make a good decision.