If want to buy your dream home, you’ll have to go through some steps. Here are our tips for how to buy a house:
1. Get pre-approved for a mortgage
Whether you’re searching for the first time or buying your umpteenth home, you need to get pre-approved for a mortgage loan.
Knowing how much of a loan you qualify for allows you to house hunt within your budget.
It’s important to know how much you can afford to spend on a house!
Whatever the asking price of any house for sale, you’ll want to research it and make sure it’s fair.
Your Real Estate Agent can look at other comparable homes for sale in the area. If the price differs greatly from your dream home, the agent can try and find out why.
Armed with this information, you can go into negotiations with the seller prepared to offer a reasonable price.
3. Making an offer.
Once you decided the price you want to buy, your agent will help you complete the appropriate paperwork for making an offer on the house.
4. Negotiate the terms.
The good thing about buying a house with your Real Estate Agent representing you is that you can define conditions, inclusions, exclusions, and possession date that work for you.
5. Always get a home inspection done
After deciding about the conditions you need to get an inspection.
A seller may have decided to do a seller's home inspection before listing the house. If you are satisfied that the inspection was performed by a reputable inspector, then great!
If not, find yourself a reliable home inspector who will provide you with a detailed written report of his/her inspection.
6. Hire a real estate lawyer
You’ll need a real estate lawyer to complete the transaction, whether or not you or the seller has an agent.
Ask for a recommendation, or if you are working with an agent, he or she can often recommend a good real estate lawyer.
7. You’re ready to seal the deal!
As you can see, buying a house through a traditional Real Estate Agent is a better choice to follow the right steps and guide you through all process. You don't have to do your homework and make sure you’ve got all the proper documentation, the Real Estate Agent will do it for you.