Thinking of buying your first home or one that better suits you and your family? Here are three important steps in the home buying process.
- Get a mortgage pre-approval. Nearly nine of 10 buyers finance their home purchases. Knowing how much home you can afford is a crucial first step before you start shopping. A mortgage professional can provide you with this information before you begin your search. You’ll also find out how much cash you’ll need at closing. Your downpayment depends on the type of mortgage you are able to get. Some loan programs have a downpayment requirement as low as zero to 3%.
- Consult a real estate professional. Seeking the advice of a real estate professional can be a great way to go when buying a home. An agent can help you navigate the home buying process and assist with financing, inspections and negotiating.
- Get a home inspection. A pre-purchase home inspection is a vital part of the home buying process. Make your offer contingent upon one. Without a home inspection, you’re depending only on the home seller to let you know about any defects or issues. They may not realize some of their home’s issues. We can help you take a closer look at what could be the largest purchase you and your family will ever make. No one wants to find out that a roof needs to be replaced or a furnace is faulty after they close on a property! A home inspection is not going to find every single thing that may need to be replaced or repaired on a home, but it will give you a better idea of whether you face costly home repair bills down the line.
Have questions about what we look for when we conduct a pre-purchase home inspection? Give us a call at (631) 606-0095 and we can answer any questions you may have. Happy house hunting!
