3 Things You Must Know to Buy a House

Real Estate Blog

Buying a house is not one of those things in life that you can just do without a plan. There are several things you simply have to know and understand to make a successful new home purchase.

1. Your house won't be perfect.

You may have a list of must-haves but the truth is that no house will have everything on your list of wants. In fact, there is no perfect house out there. You are going to run across crazy paint choices and over-the-top wallpaper. You may not find the perfect south-facing bedroom or light-drenched kitchen. What you will find is a compromise of what you need at this point in your life and what you can live with. Look for the house that ticks the most boxes on your list. Most people say they know it when they see it.

2. Your credit doesn't need to be perfect either.

While the housing market crash of 2008 caused lenders to clamp down on non-traditional loans, things have loosened up again recently. It likely will not return to the free-wheeling "you get a loan and you get a loan" pre-2008 habits, but lenders are more accepting of both lower credit scores and down payments as low as just three percent.  

Potential buyers need to be aware of what is on their credit report, however. Take time to learn and understand your credit score and what you can do to legitimately raise it, from reducing your debt and paying your bills on time to correcting any erroneous information that may have landed on your credit report.

3. Trust the professionals that you hire during your house hunt.

From a licensed realtor to the various inspectors, trust the professionals that you hire. Whether this is your first real estate transaction or your tenth, they still have years, possibly decades, more experience. Buying houses is what they do. They know what they are doing. While your real estate agent guides you through the ins and outs of choosing the right house, it is the home inspector's job to make sure your ultimate choice is a solid one. The inspector is there to point out any immediate structural or mechanical issues as well as to make you aware of typical, future maintenance issues.

Depending on where you live and your type of loan, you may also require a pest inspection or a radon test. These additional tests may or may not be performed by the same person. Use the information you receive to make an educated decision about your purchase.

When buying a home, it is important to know that neither your knowledge of the process nor your house will be perfect. With careful consideration and expert guidance, however, you may just find exactly what you were looking for.

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6 February 2020

Choosing Beautiful Real Estate

I have always been someone who is passionate about making the world around me more beautiful, which is probably why I was drawn to real estate initially. I really wanted to create a place where me and my family could spend a lot of time together in a peaceful, relaxing place, so I started looking for places in my area that were fit for the job. Within a few months, I was able to find an incredible property that was within my price range, so I purchased it as soon as possible. This blog is all about choosing beautiful real estate.