The first step in the home buying process should be obtaining a Pre-Approval. Submitting your offer with a written pre-approval could save you thousands. It can give you the negotiating power of a cash buyer, and give you peace of mind. Arrowhead Financial Group can help you get Pre-Approved. Call (1-888-825-1177) or e-mail us for more information.
For Sale By Owners
When buying a F.S.B.O., many questions must be answered. Why are they selling? What did they pay for the home? How long have they owned the home? If you have decided to by from an F.S.B.O., use the following contingencies to your contract: whole house inspection, appraisal and clear title, and financing.
Real Estate Agents are clearly the best choice. Leave it to the professionals to help you find the home of your dreams. However, finding the right agent is truly a difficult thing these days. Hire a Buyer Agent. In today's real estate market, buyer agents are the norm. A good real estate agent or broker can save you time and money. And, an experienced agent can guide you through the sometimes hazardous world of real estate contracts, negotiations, inspections, and settlement. Also, the buyer agent's fee is normally paid by the seller. Arrowhead Financial Group can refer you to top professionals in your area. Call (1-888-825-1177)or e-mail us for more information.
Make a wish list and include your "must haves" and "would be nices." As with many big decisions in life, it pays to know what you're looking for in advance. When you've located a home or area you would like, drive around, walk around, and ask around the neighborhood. One of the biggest mistakes home buyers make is not thoroughly inspecting the neighborhood. Check for traffic flow, noisy handyman garages, and loud dogs. Ask neighbors how they feel about the area, property values, safety, etc.
Get a professional home inspector, preferably one with the ASHI (American Society of Home Inspectors) certification. A Home Warranty is no substitute for a thorough home inspection. Home inspectors will provide a report on the condition of the property and, with a properly prepared purchase agreement, will allow you to negotiate for the seller to repair or credit you for any defects found.
Cost delays can be avoided by providing your Real Estate Agent and lender with all the information they need as quickly as possible. You don't want to have your things on the moving van waiting to be moved in while your previous year's tax return that you forgot to file holds up your closing. Stay in touch with your Agent/Broker and lender weekly throughout the settlement process.
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