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Top 5 Home Buyer Tips by Chris Chamberlain
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Top 5 Home Buyer Tips |
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Real Estate,Consumer,Business
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Top Five Home Buyer Tips When Buying NH Real Estate 1. Get pre-qualified before you buy. This will let you know how much house you can afford and how much money you will need for a down payment and closing costs. Pre-qualification is usually free, this step increases the buyers leverage position with realtors and sellers. You can go to your own bank for this step. 2. Choose a real estate agent wisely. Find someone who is familiar and well established with the towns you are considering. The purchase of a home is a serious long term commitment on your part and a good agent will recognize that buyers need time and patience so they can sort out all the factors involved in a purchase decision. Ask your agent if they will be representing you as a sub-agent or as a buyers-broker agent. 3. Make sure your credit it good. Looking at your credit history is another way mortgage lenders determine your obligation to pay back a loan. Good credit history consists of a two-year history of prompt payments, a good record of on-time payments and no outstanding judgments or liens. Your mortgage consultant can help you address and correct any past credit problems in such a way that your chance of credit approval will be greater. For example, if you have ever encountered some credit problems due to a lengthy illness, proper explanation for the problem can go a long way to rectify the negative perception created by a temporary set back 4. Have a home inspection contingency in your offer and hire a professional home inspector to provide you with a written report, along with "ball park" estimates or ranges of repair costs. If the inspection turns up problems that weren’t readily noticeable, you can use it and the estimates for negotiating leverage to get the seller to make the repairs or provide you a commensurate price reduction. 5. Create a list of things you need to have in a home and things you want to have. What is essential to one homebuyer may be of no value to another. Creating "need-to-have" and "nice-to-have" lists can be helpful. Your first "need-to-have" list may be very different from your final version; still, it serves as a starting point for you to discuss and decide upon those features that are the absolute essentials. Identifying what you want and what you need helps your real estate agent pinpoint your ideal home.
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home buyer tips, real estate, buying a home,
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