Tips for Buying a Home
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|1. Be Financially Prepared|
|Meet with a local lender to get a prequalification letter that says how much house you're qualified to buy. You will need to provide an assortment of paperwork which the lender will use to determine how much money they're willing to loan to you. This could take a while, so don't wait until you've found your dream home, get qualified first.|
|2. Select Where You Want to Live|
|Consider commute time, schools and recreational facilities, neighborhood and surrounding properties.|
|3. Make a Home "Wish List"|
|Decide which features are must-haves and which features are wants. Prepare a top 5 list for each as this focused approach will help you narrow down your search. Keep in mind there is no such thing as the "perfect house".|
|4. Get a Home Inspection|
Although a home inspection is not required by law, buyers are strongly encouraged to order one. A home inspection protects the buyer from purchasing a home that could have cost prohibitive issues.
|5. Work With a Full-Time Real Estate Professional|
A buyer's agent will guide you through every step of the home-buying process. This will include finding the right property and writing a winning offer to negotiating home inspection repairs and sailing through to closing. Your Vision agent is your advocate and will look out for your best interests throughout the entire transaction.
|6. Budget for Closing Costs|
Your mortgage lender will give you a rough estimate of your closing costs. Costs to prepare for include:Home Inspection; Appraisal; Title Services; Bank Fees; Credit Report; and Survey.