Ultimate Home Buying Guide
Buying a new home is an exciting but stressful time! There are so many questions and unknowns like, what area do I want to buy in, what size house do I want, and what should I know to get the best deal. The last thing you want to deal with while figuring this all out are concerns about buyer traps, financing options, extra costs, and all the other potential things you aren’t aware of. Our ultimate home buying guide was created to help you learn all of the parts of buying a new home you may not be aware of so you can buy with confidence!
In this guide you’ll learn what you should watch out for when buying a home, how to secure the best financing, and extra costs many home owners aren’t aware of. You’ll also learn how to choose the right real estate agent and about the guarantees they should be making you so that your home buying process is completely stress free!
What You Should Watch Out for When Buying a Home
When you’re shopping for homes in the area there are so many things you should watch out for. House titles with liens, choosing the wrong home, mortgage preapproval, and hidden costs are just a few of the home buyer traps you need to look out for. To help you learn all of the things to look out for, we created our 9 Buyer Traps and How to Avoid Them guide.
If you’re upgrading to a larger home instead, it can be dangerous. Not having somewhere to go during closings or selling too early can cause you all types of issues. We put together a list of the 6 most common mistakes people make when they’re upgrading to a larger home to help you avoid making a big mistake!
In either case, you should read our 6 Things You Must Know Before You Buy a Home guide to make sure the new home purchase you make isn’t the biggest mistake of your life!
How to Secure the Best Financing
Getting a bad rate on your mortgage will cost you thousands and thousands of dollars throughout the lifetime of your loan. Securing the best financing available is a decision that could affect the next 30 years of your life! To help you understand exactly how to get the best financing available, we created our 3 Point Plan to Secure the Best Home Financing. Learn for yourself how to save some serious money on your next home purchase.
Extra Costs to Be Aware Of
Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs — on top of the purchase price — that you must figure into your calculation of affordability. These extra costs, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare when buying a home if you’re not informed and prepared.
Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all of these costs will apply in every situation, however it’s better to know about them ahead of time so you can budget properly. Remember, buying a home is a major milestone. Whether it’s your first, second or tenth home, there are many important details to address, during the process.
The last thing you need are unbudgeted financial obligations cropping up hours before you take possession of your new home. Read through our 13 Extra Costs to Be Aware Of Before Buying a Home guide to make sure you’re budgeting properly for your next move.
How to Choose the Right Real Estate Agent
Not all real estate agents are the same. When selling or buying your home, you need some good information before you can make any moves hiring a real estate agent. An agent can cost or save you thousands of dollars so picking the right agent is critical!
Asking about things like the guarantees they can provide you, the types of contracts they require, and homes they’ve helped others in the area buy are great starting points. But, we’ve put together a complete list of items you should ask ANY real estate agent before you hire them in our 10 Questions to Ask Before Hiring a Real Estate Agent guide!
Guarantees to Watch Out For
Nothing relieves the stress of purchasing a home like a good guarantee! It takes the risk from you and gives it to your agent leaving you with a nice, stress free home buying experience!
Always look out for these types of guarantees when evaluating your next real estate agent:
Home Buyer Satisfaction Guarantee
Home Buyer Cash Savings Guarantee
What We’ve Learned
We truly hope that this home buying guide has really helped you learn all you need to know to be prepared to hire a real estate agent and buy your next home with confidence!
