7 Secrets of buying a home

 

Whether you’re a first time home buyer or an experienced investor, I’m committed to guiding you through the buying process.

There are many important questions to consider when purchasing a home. Avoid time-consuming and costly mistakes and put my experience to use.

1

Get Pre-Approved.

There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage. Anybody can get pre-qualified for a loan. Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can’t afford. It also gives you the opportunity to shop around for the best deal and the best interest rates. Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan.

2

Beat the Competition.

Once you know your specific price range, your real estate agent can regularly do a computerized market sweep for new listings. You should receive a hot list of attractive properties as they come on the market. This will give you a head start on other buyers because you will get the listings before they are advertised.

3

Don’t Try to Time the Market.

Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.

4

You’re Buying a House, Not Dating It.

Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.

5

Give Your House a Physical.

Would you buy a car without checking under the hood? Of course, you wouldn’t. Hire a Home Inspector It’ll cost approx. $300-$400 but could end up saving you thousands. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It’s better to spend the money up front on an inspector than to find out later you have to spend a fortune.

6

Stalk the Neighborhood.

Before you buy, get the lay of the land – drop by morning noon and night. Many homebuyers have become completely distraught because they thought they found the perfect home, only to find out the neighborhood wasn’t for them. Drive by the house at all hours of the day to see what’s happening in the neighborhood. Do your regular commute from the house to make sure it is something you can deal with on a daily basis. Find out how far it is to the nearest grocery store and other services. Even if you don’t have kids, research the schools because it affects the value of your home in a very big way.

7

Well it’s not a secret anymore. Hire Jag Walia!

Buying a house is one of the biggest financial decisions, and I will make sure you are well represented in this market. Jag Walia will work with you at every step of the process and take the stress away that comes with finding your dream house. I will provide you with my real estate expertise, market knowledge, un-biased advice paired with strong negotiating skills. I remain at your service to answer your real estate related questions before and after sale. Finding your dream home is not just a transaction for me, it is a lifelong relation based on Trust, Integrity and Respect.