Posts Tagged ‘home buying tips’

PostHeaderIcon Home Buying Tips For Success – Five Pitfalls to Avoid When Purchasing a Home

Even in the best of circumstances, home buying or selling is stressful, and some of the biggest potential deal-breakers lurk in the time right before the sale closes. Home buying stress can be easily avoided, however, with the following five home buying tips.

Home Buying Tip #1 – Home Inspection Results

Todays home purchase contracts typically include a home inspection contingency clause, which allows the buyers to choose and hire a home inspector to thoroughly evaluate the property. Once the contract has been signed, the home inspection usually happens quickly. Arriving with the buyer, the home inspector will go through the entire property for a thorough two- to three-hour evaluation of a homes structural and mechanical condition. Home inspectors may also do tests for, check for, wood-destroying insects or perform other services requested by the buyer.

Findings can range from minor issues calling for low-cost repairs to major toxic troubles like the presence of underground oil tank, mold, asbestos, termite infestations, rodent overruns, and lots of dangerous lead paint. Depending on the severity of the findings (which, by the way, are only reported to the hiring party), there is either a new round of home buying negotiation accommodating the price and execution of repairs, or an abrupt halt to the home buying proceedings due to costly and dangerous problems. Read the rest of this entry »

PostHeaderIcon Home Buying Tips – Priceless!

wpHome buying tips are valuable tools that help avoid frustration, mistakes and feelings of defeat during the home-buying process. Being a first time home buyer can be both frightening and exciting at the same time. You’re excited about moving into your own home…you can even visualize how to arrange your furniture! But, almost in the same thought fear grips you.

This article will help you overcome possible anxiety by offering valuable advice and home buying tips to help keep you moving forward!

BE PICKY, BUT DON’T BE UNREALISTIC.
There is no “perfect” home…yes, even one that is built brand new. Do your homework before you start looking. Decide specifically what features you want in a home and which are “most” important to you. PRIORITIZE! For example, if you have small children you need a backyard.

GET YOUR FINANCES IN ORDER.
Review your credit report and be sure you have enough money to cover your down payment and closing costs. You can receive a 100% FREE copy of your credit report on-line from all 3 credit bureaus. You can have your credit report mailed to you or you can download it on-line and print it off. Every citizen is “entitled” to receive a FREE credit report each year by governing law. Visit Annual Credit Report.com today! Read the rest of this entry »