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Tips For The Home Buying Process

 

When a family sets out to buy a home, there are plenty of bases that need to be covered for the process to go smoothly. To help the process along, it is a good idea to have checklist to follow that will make sure that you take care of every important point.

Think About Your Transition

One of the most important parts of buying a home that many people forget is timing. If you currently own a home and are looking for a new one, then you have to make sure that your current home is sold as quickly as possible after closing on your new one. If you have signed a lease for your current apartment or home, then you don’t want to get caught up in a court case if your landlord decides to sue you for breach of contract.

If your lease has a stipulation that allows you to leave with 30 days written notice, then you will want to exercise that option and send a written letter 30 days from your new home closing date. If you own your current home, then you may want to get involved with a real estate agent who can help you buy a new home and sell your current one at the same time.

Get Pre-Approved

Before you start hunting for your new home, it is important to have your funding in place so you know how much you can spend. Finding the right lender should be a process that sees you discussing your options with several different lenders before making your final decision. The financing for your home purchase is one of the most important parts of the process, and you do not want to leave that until the last minute.

Make Two Lists

You and your family should spend a lot of time talking about the features and amenities you need to have in your new home. Features are those parts of the house that you absolutely need to have to be comfortable. Amenities are additional features that you want, but do not necessarily need. When you talk to your real estate agent, make it clear that your features list is non-negotiable when it comes to the properties you will look at. Finding a property with all of your features and top amenities would be your ideal home.

Be Patient

The best piece of advice anyone can get when it comes to home buying is to be patient. You might get a real estate agent who is trying to rush you into a decision because they fear the house you like might not be on the market long, but house buying is a precise process. You will want to make very sure that the property you bid on is the one you want. The last thing you want to do is move into your new home with buyer’s remorse.

A good house hunting process takes a long time and involves looking at a wide variety of properties. You should never feel rushed into making a decision, and you should only look at properties that meet all of your requirements.

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