WHAT BUYERS ARE
THINKING BEFORE BUYING
By Stephanie Woods
Here at the Stephanie Woods Team we would like to share some ideas a buyer should consider before buying your dream home. In this 4 part series our hope is to help your home buying experience become an educated and exciting one!
Here at the Stephanie Woods Team we would like to share some ideas a buyer should consider before buying your dream home. In this 4 part series our hope is to help your home buying experience become an educated and exciting one!
When to invest in a house, how do you know when you're ready to own a home?
Home ownership means you no longer pay monthly rent for the roof over
your head. You can do what you want with your house (within reason). When you
leave, you can sell it to recoup the purchase price and earn a profit too.
So before going any further, consider whether your lifestyle and
finances make home buying a smart move.
1. GET PROFESSIONAL HELP—ASSISTANCE
FINDING A HOME, CLARIFICATION OF INSPECTION REPORTS AND CONTRACT DETAILS, HELP
NEGOTIATING TERMS OF SALE
Get professional help.
Even though the Internet gives buyers unprecedented access
to home listings, most new buyers (and many more experienced ones) are better
off using a professional agent. Look for an exclusive buyer agent, if possible,
who will have your interests at heart and can help you with strategies during
the bidding process. Talk
to reputable real-estate agents in your area about the real-estate climate. Do
they believe prices will continue falling or do they think your area has hit
bottom or will rise soon?
2. START BY SHORING UP YOUR CREDIT--Since
you most likely will need to get a mortgage to buy a house, you must make sure
your credit history is as clean as possible. A few months before you start
house hunting, get copies of your credit report. Make sure the facts are
correct, and fix any problems you discover.
3. CLOSING COSTS MUST BE CONSIDERED-- Find out how much you'll
likely pay in closing costs. The upfront cost of settling on your home shouldn't
be overlooked. Closing costs include origination fees charged by the lender,
title and settlement fees, taxes and prepaid items such as homeowners insurance
or homeowner’s association fees. You can see what closing costs average in your
state by looking at Bankrate.com's annual closing cost survey.
Interested in selling your home? List with The Stephanie Woods Team! We will come to your home and give a free consultation on your property! Call 928-237-4435 and we will set up an appointment that is convenient for you!
Your referral is our highest compliment. Remember to "LIKE" us on https://www.facebook.com/Stephanie.Woods.Team and follow us on Twitter @prescottreo. #PrescottValleyRealEstate
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