Tips Every Homebuyer Needs to Know
1. Determine and understand your needs and what you can afford
I have found that many buyers dream and until I get them in my car and into several homes, does the reality come out. Not that they don’t tell the truth, they want more than they can afford. Know your budget and stick to it.
2. Understand mortgage options and what their true costs are. GET LOAN PREQUALIFIED
This is so important, it could be No 1 but goes hand in hand with it.
3. Know what the true cost of homeownership is
There are various financial commitments to consider, most importantly how a new home will fit into your budget. You need to ensure that you can afford the monthly mortgage payment, as well as any expenses including utilities and/or possible homeowner’s association fees.
4. Use a real estate professional
Ask for references and listen to what other people have to say about their experiences with a particular agent. Ultimately, you want to find someone that knows your area, has a good grasp on current market conditions and that you feel comfortable with.
With almost every listing out there on the internet, there is no reason today for not becoming an ametuer market expert for the area you want to by in.
6. Location, Location, Location
This one speaks for itself. This includes schools, proximity to all the things you need and desire, transportation etc.
7. Inspect, Inspect, Inspect
Granted inspections are not cheap today but each one you do is a penny well spent. After close of escrow surprises cam quickly change your dream into a nightmare.
8. Get everything in writing
Even though this is almost the standard of practice for the entire real estate transaction, more often than one would think, little things are stated verbally. It is amazing how quickly memories fade when something after the fact happens and all you have is the spoken work.
9. Review and be familiar with all aspects of the purchase process
Way to often, buyers and sellers think they know what is going to happen during the real estate transaction and are surprised when unanticipated things occur. Ask questions, get a checklist, timeline and do so on a regular basis for many times, things change and it will affect what follows.
10. Consider additional costs after move in, home improvements and maintenance
Your home is a valuable asset. Get bids and add up all the things you want to do to the home after you move in. Remember, any home requires ongoing maintenance. Once you close, continue to put aside money on a monthly basis for any necessary repairs and/or upkeep.
Let me put my nearly 30 years experience to work for you and help you find the perfect Napa Valley property