1. Choose the real estate agent that is right for you

Of course, you want a professional, knowledgeable and committed agent on your side, but it is also important to find one that you can easily work with. Communication is key. You and your agent form a team prior, during and after the sale.

2. Get pre-approved

Take the time to talk to a lender and get pre-approved before searching for a home. This important step helps determine the price range of the house and the payments you can afford. It can also lessen stress and disappointment.

3. Don’t forget about Closing Costs

You need more than a down payment and loan to buy a house. Remember to ask your lender and agent about loan fees, title fees, insurance, homeowner association fees (if applicable) and taxes. You don’t want an unexpected surprise at closing.

4. Patience is a virtue

While you might find the first house is the right house, keep in mind that your priorities may change as you search for a home. Location, size, school district, yard, length of commute, etc. are all factors to consider. Decide what is truly important to you and what you can live without. 

5. Sometimes it’s just not meant to be

There is more than one perfect house for you. Whether you can’t come to terms with a seller or your transaction falls apart due to inspections, don’t despair. New properties come on the market each day and one will be right for you.

6. Get a Home Inspection

It’s best to know all that you can about the house before it becomes yours. Saving a little money by not having inspections may mean losing more money in the end.

7. Ask for a Home Warranty

During your first year of home ownership it is a good idea to have this insurance policy against unexpected repairs. Read the policy thoroughly to see what is covered and what isn’t. Usually basic repairs are covered.

Are you a current homeowner? Is this something you wished you would have known beforehand? Please share in the comments.

Posted by:  Alva Falla and Associates