When searching for a new home some people fall in love fast. For others anticipation builds. Avoid these potential trouble spots to keep your pleasure high throughout the buying process.
- Financing. Get your mortgage pre-approved. Talk with a professional loan officer and get a firm loan commitment. This can hasten the closing process, getting you into your new home sooner rather than later.
- The search. Find a trusted advisor. Work with a real estate agent you trust and who understands the market. Home buying is manageable on your own, but a realtor can give you insight and reassurance.
- Tax credits. Learn about what’s being offered. Currently, tax credits are being offered to new home buyers and existing home owners. These credits can take thousands of dollars off your federal tax bill. For answers to frequently asked questions: http://ow.ly/1uOx3
- Price. Evaluate what you’re really buying. You may not need a room for a home office or formal dining, so consider the efficient use of space. Also, short sales offered by banks on foreclosed properties may seem like a good deal at first, but buying a short sale is a long, involved process that delivers an as-is product often requiring major repairs and renovation.
- Decisions. Understand what you appreciate and what you can do without. Make a list of your priorities. Ultimately, the decision is yours. Don’t buy the wrong house for the wrong reasons.
Mix your joy in buying a new home with sound judgment and you’re bound to live there happily ever after.