Home Buying Tips

When beginning with real estate buying, you most likely have a lot of questions floating around in your mind. You probably feel lost when looking at the documents associated with making a purchase, too. Take a look at these tips below to eliminate your confusion and to start buying smart.

When attending open houses, ask a contractor who has experience in renovating homes to accompany you. They will notice potential repairs that you might have missed if you went on your own. The contractor can give you an idea of how much you will have to spend to make the property look the way you want it to.

To get the best price possible, ask the owner if they would accept a lower price. Be honest and open about this. Do not insist if they refuse this lower price, but make sure they know how to get in touch with you if they change their mind.

Get pre-approved for a mortgage loan before you even begin looking at homes. This way you can rely on facts rather than emotions once you start going through houses and start wanting what you may not be able to afford. Having a clear number in mind helps you to be more efficient when shopping for a home.

One important tip when it comes to real estate is to have experts confirm the value of a home you are looking to purchase. This is important because while you may have done plenty of research on your own, you may not know everything that an expert would. It cannot hurt to make friends in the business and call upon them for assistance. Show them that you are making an effort on your own and only want their expert opinion in order to get the best response.

When you are ready to make an offer on a home, make sure that you get a pre-approval letter from your mortgage company. This will show the seller that you are a serious buyer and will help put the seller at ease over the fact that you do qualify for a mortgage, for the amount that the house is selling for.

When you want to buy a home and you have the credit, the job and the necessary funds, usually there are no good reasons to postpone the purchase. In some cases for example, when you are new to the area, your job is not secure enough or you are getting married in the near future, you might consider putting off the purchase.

Most of the people have a hard time saving money. Buying a house and regularly making the mortgage payment is a great way to save. A portion of each payment goes towards paying off the principal of the house. In the beginning it is not too much, but later a larger portion of the payment goes towards the principal, which increases the equity of the property.

Ask for closing cost assistance from the seller to save yourself some up front expenses. Many people ask sellers to buy down interest rates for a couple of years. A seller is less likely to negotiate over the sale price if financial incentives are attached to an offer.

Even if you find your dream home, it is important to visit it at different times of the day. This is because a home may look different at one time of the day compared to another. Also, if you visit during in the day, you may find it is much noisier than the nighttime.

In conclusion, buying real estate can seem a bit intimidating to someone inexperienced, but after learning and applying some of the previously mentioned tips, it’s not that bad at all. It just takes a lot of research and common sense. Once you have learned what to do and avoid, you are on your way to making smarter purchases.

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23 Comments.

  1. I’m going to buy my first home next and this video is EXTREMELY HELPFUL.
    Thank you very much for sharing it.

  2. and your a terd.. I mean turd

  3. “Being pre-approved will inform you of your maximum affordable home”. Who
    are you to decide what my maximum is?

  4. note**** sense is spelt like this If you screw up that spelling what are
    you going to screw up on my agreement? cmon now, proof read

  5. can’t spell “sense” and says “ekspecially” but good advice. The final bit
    about keeping moving date vague to friends is the best.

  6. Nicholas Kloss

    2 years work history at the same job? Funny cause I just got a job 6 months
    ago and was approved for $300,000.

  7. when getting the house inspected get a plumber,electrician and an
    exterminator.These may seem overkill but half of the home inspectors don’t
    really know what their doing or what to look for.I have to sue my home
    inspector because there is so much termite damage,pipes are leaking and the
    electrical box is so messed up that if a pipe leaks on to the box it will
    cause a fire.There is over 50 worker bee nests in roof.My lawyer tried to
    talk to the inspector and he hung up on him.Good Luck to all

  8. haha you might have tried using your own eyes

  9. Move 2 or 3 times? No thanks I’ll live with parents until the dream home.

  10. Private interest, the ones that owns the media/resources and finance of
    course!

  11. A great video to view before you start your home buying journey

  12. Great video for first time home buyers!

  13. Tips are fine. Very helpful for home buyers, especially for first time
    buyers.

  14. She’s purdy!

    Good information…I hope to be going through this process soon.

  15. This is a very good video with a lot of information that first time home
    buyers get very confused over and long time home owners often forget! Very
    well done!

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  17. Angelika Morris

    “a beautiful young mortgage bankers”
    “does it make sence”
    i cant handle this, how can this person give me advice on house buying when
    they cant even write.

  18. I want to buy a home but my credit is rebuilding. I am self employed. Can I
    get a 30 year conventional loan when my credit reaches 680 score? Will 15%
    be enough of a down payment? Thank you.

  19. Cash Saving Ninja

    Good basic steps. Check my channel for getting the best possible house for
    your budget.

  20. lmao this shit was made in 07 when banks were giving loans to anyone for no
    down payment then selling these derivatives to investment firms then making
    the big bucks.. bet this girl is living in some studio with her “home” in
    forclosure lol people buying shit they dont need with money they dont have
    is the american way!!

  21. does she wanna move in

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