Avoid Common Buyer Errors
Shopping for a new home is an emotional experience. It is, however, also a business transaction, and must be treated as one. When you have a systematic plan before you shop, you will be less likely to fall prey to costly errors. Here are some tips on making the most of your home purchase.
Get the information YOU need
- What price do you offer a seller?
- Is the seller’s asking price too high?
- Is the home you are interest in a deal?
Your own research is important, as is the assistance of a Realtor®. Brenda offers an unbiased, educated opinion on the value of a home. Without knowledge of the market and other home values in the neighborhood, your offer could be too high. Or worse, you could miss out on a great buying opportunity if your offer is too low.
Buy YOUR home
- What do you need and want in a home?
- How much space do you really need? Too small and you may feel like you live in constant clutter. Too big and maintenance may become too daunting.
It sounds simple, but something as easy as clearly identifying your needs leaves you in a much better position to find a home that will make you happy. Write down all of your wants and needs and then share your list with Brenda. She will work on finding a great home just for You!
Check the title
Before you sign any document, you want to be sure the property you are considering is free of all encumbrances. Brenda will research to ensure that there are no liens, debts, undisclosed owners, leases or easements against the title of the home you are considering.
Minimize the unexpected
For $300 – $500, a professional inspector will conduct a thorough inspection of the home. Their expertise can mean the difference between uncovering major flaws before you own a home, instead of after you make the purchase. Make the final contract subject to the report’s findings.
It only takes a few days to get your financing pre-approved. When you are shopping for a home, this approval gives you more power. A seller is more likely to consider an offer from a serious buyer.
Remember additional costs
Along with the funds for the purchase of a home, you will need funds for items such as loan fees, insurance, legal fees, surveys, inspections. Brenda can help you outline the full cost of purchasing a specific home so you are not surprised with additional fees.
Take a deep breath
Before you sign, ensure all documentation clearly reflects your understanding and the conditions of the transaction. Brenda will assist you in making certain nothing has been forgotten!
Most Importantly – ASK QUESTIONS! It is VERY important you understand the process of buying your home. There is no such thing as a bad question.
Real Estate for Today’s Market.
Contact me directly
Brenda Hanson 952.250.3896
Apple Valley, Minnesota
MN License #40482511