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Thursday, March 15, 2012

How to buy a house

House Hunting Tips for Buyers
Buying a home is very different from renting one. More is at stake when buying a home. The experience is also a lot more enjoyable for home hunters who adopt this less stressful and effective search strategy:

  1. Decide where you want to live. It has to be in tune with your income. Keep in mind access to schools, hospitals, grocery stores and other basic amenities, when deciding on your choice location.    

  1. Investigate the crime rate in your choice neighbourhood. Is the neighbourhood safe? Is the neighbourhood crisis prone? If the answers to these questions are positive, consider another location.

  1. You may consider it needless, but it is really important to assess the quality and character of people living in the area. Critical look at their homes and activities will give you insight about who your neighbours are.

  1. Consider specifics. Certainly, there are things you desire in a house. Determine this ahead of your search and be guided in your search by these specifics. This will save you time. It will also help your real estate agent plan your house viewing visits.

  1. Why not get pre-qualification for a mortgage loan looking around town for houses, if you do not have sufficient funds. You also need to know what you can afford based on your income, credit status, interest rates, down payment, closing costs.

  1. Take notes. After viewing any property, take notes to keep the details in mind. You will find it difficult to remember the details of each one as you think you will, after visiting three or four homes, if you do not take notes.

  1. You need an estate agent to look out for your interests. When you call an estate agent after viewing a "house for sale" sign, you are speaking to someone who represents the seller and looks after the seller's interests.





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