Buying a new home? Here’s how to go into the house hunt fully prepared.
Prepare For Home Viewings
Assuming you’ve already done the work to determine down payment, mortgage approval and other financial considerations, the first thing you’ll need to do when searching for a new home is decide what, exactly, you’re looking for. What is your main criteria? How many bathrooms and bedrooms do you need? Do you want a small or large backyard? Will you consider homes outside of your ideal neighborhood?
Give Yourself Plenty Of Time
You’ll likely spend years living in your new home, so allow yourself plenty of time on the tour to view its ins and outs. Do a proper inspection. Open drawers, cabinets and cupboards. Look behind furniture, even lift up rugs if necessary. This is a big investment! You should know what you’re getting yourself into. Remember, sellers aren’t obligated to inform you of every little defect in the home. The legwork is your responsibility.
Look At The Bigger Picture
View the home multiple times and at different times in the day. Also, don’t just view the property on its own. Consider the bigger picture – its location. What is the area like? Is the home close to a noisy intersection or a train track? Is there loud nightlife nearby? You’re not just buying a home, you’re buying a location. Consider whether it fits into your current or desired lifestyle.
Let Your Realtor Do Their Job
Don’t view homes on your own. Doing so may make the seller’s agent think you’re underrepresented and you’re vulnerable to a poor deal. If you come across a home that your realtor hasn’t already presented to you, it’s likely that it doesn’t match your criteria. They’re the experts, after all. However, if you really like the look of a particular home, share the address and phone number with your realtor so that they can arrange a proper tour without the owner being present.
Know The Property’s History
Ask your realtor for complete and detailed information on the home and its surrounding property. Don’t just settle for the real estate listing. You’ll want to know: How long the home has been in the market, whether it was previously listed or re-listed for a lower price and mortgage history. Also ask for information on property taxes as well as any public records that may detail previous sales, property deeds, judgements or liens. You can get all of this information through your real estate agent.
Are you in the market for a new home? Let RedStone Mortgage assist you in finding loan options that meet your individual needs. Call us at 480-759-1500.