(336) 254-6473
facebook twitter linked in youtube rss email

Home Buying Tips

Housing Market Conditions in Greensboro NCBuying a home does not have to be a complicated process.  In fact, it can be down right enjoyable if done right.  Now, don’t get me wrong, there are plenty of consumers out there that will tell you horror stories about their home buying experience many of the problems they encountered could have been avoided with just a little homework.

Home Buying Tip #1

Connect with a reputable lender to get prequalified.  The lender plays a key role in the process from the very beginning.  They will review your income, debt and credit score to determine how much you can afford.  A good lender will also discuss loan program options that best suit your needs and will outline the basic fees involved in buying a home.  Be sure to come away with a “preapproval letter” which can be attached to a the purchase offer when the time is right.

Home Buying Tip #2

Right at the top of the list of important things to do when looking to buy a home is to connect with an experienced Realtor.  They will have the know-how to navigate the legal contracts, connections with reputable service providers like attorney’s and home inspectors as well as access to the right tools to assess a homes market value.  Meet face to face with your prospective agent to make sure its a “good fit”.  A Realtor is help to a specific Code of Ethics and has a fiduciary responsibility to protect your best interests and their services are typically free of charge (be sure to ask about the details of their fee structure at that first face to face meeting!)

Home Buying Tip #3

Hire a home inspector.  They are another key player in the process and are there to help protect you from buying a home with significant problems.  Look for someone that has at least 5 years of experience and a background in the trades such as a general contractor.  They will investigate the structure, check the roof and heating/cooling system and provide a detailed report on the overall condition of the home.  You may also wish to inspect the home for termites, radon gas, mold or other contaminants that would affect not only your health but the resale value of the property.

 

Look for more information in our blog posts as we offer additional tips and ideas on buying a home.