How To Simplify Your Home Buying Experience
Buying a house is a real headache. There’s so much to think about in so little time. You need to make all the preparations. You’re also working against the clock before someone takes the house you like off the market.
So how can you streamline this process?
There’s not much you can do while you’re in the thick of it, but you can help things along by laying the groundwork early on. Here’s how to do it.
Before you even make any moves towards buying a house, you need to be sure of the location. Is it a different street? Is it a different township? Is it a different county? Are you even moving abroad? You need to ask yourself these questions. Know why you’re moving, but also where to.
Try not to pick a specific street but more a general area. It’ll help you be more flexible with your moving. Try and base your location around your needs. Is it close to work? Do you need to be close to a school? Are there any local shopping locations? Those kinds of needs.
Once you’ve got an idea of where you want to move, you can start speaking to realtors . Don’t start talking specifics immediately. Just give them the location you want to live in, and see if they can pull up a few suitable homes. Try not to commit to anything either. You want to take your time and maybe see if other realtors and estate agents have anything different on offer.
Always make sure to keep your options open. Home buying can be a game of waiting in a lot of cases. Some good realtors might even give you a heads up if a perfect home that isn’t on the market yet might pop up for sale in the next few weeks or months.
Once you’ve got a few places in mind, go and see them. Looking at pictures is fine, but it doesn’t give a total impression of what the house is like . You need to get a real feel for the space you need to see what it’ll be like to live in it. More importantly you need to try checking for things that weren’t mentioned in the listing. Use all your senses for this. Does the house have a funny smell? Do you spy any insects or mold growing on the walls? Can you hear loud noises? Those sorts of things.
Now you’ve found the right home for you; you need to afford to buy it. If you’re selling your old home , you could buy the new one without the need for any extra financing. Likewise, if you’re independently wealthy enough to purchase a house out of your own money.
If you are in neither of those categories you need to look towards traditional home financing. A mortgage. You need to find a mortgage lender that is responsible above all. If you have a decent income but barely meet the criteria for a mortgage, that is actually a good sign. It shows caution on behalf of the lender, meaning they are secure and solvent. This means they won’t suffer much in another economic downturn or loans crisis.
Once that’s all out of the way, you’ve got your house. Easy, isn’t it?