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"8 Free Tips In Buying A Home"! For most of us, our mortgage payment is the most important financial decision we'll ever make. It is therefore critical that you know as much as possible about the financing process prior to entering a relationship with a lender. We have prepared this 8 tip outline to assist you in the process of finding the right mortgage. (1) Get Pre-qualified - Sit down with a real estate professional and openly discuss your income level, living expenses and benefits of home ownership. Take into account future considerations like, children, additions, amenities, etc (2) See several homes. Don't jump on the first property you see, but don't move to slow either. With your agents help, you will be able to view enough properties to get a good overview of the market. (3) Imagine the property vacant. Don't buy a home because it has beautiful furniture, or you love the chandelier. Always picture the house empty because that is how you're buying it. (4) Inspect, inspect, and inspect! Thoroughly go over the inspection report. Make sure you are using a professional organization, not just a friendly handyman. Deferred maintenance can be expensive. Always check the by-laws, homeowner's obligations, and any restrictions that might apply. Don't take anything for granted. (5) Check the costs. Investigate all the costs such as utilities, taxes, insurance, maintenance, homeowner dues, etc. Don't make assumptions. (6) Put everything in writing. Don't leave anything to chance. All promises and discussions should be in writing. Even the best intentions can be misinterpreted. Have your real estate professional keep an on-going log (in writing) of all discussions, and get the sellers written approval for all agreements. (7) Do a final walk through. Visit the property after all the furnishings have been moved out to be sure there are no surprises. Be sure the property was left exactly as how was agreed to in the contract. Don't allow anything to be overlooked. And most importantly, (8) Align yourself with the best real estate professionals. It is critical that you select the best home buying team that you can. Good real estate agents have lenders, title reps, inspection teams and other professionals that they have used before and that they trust. I hope you found this information useful, and it will help educate you as to many of the common mistakes buyers make. Of course, every situation is unique and requires special attention. The loan professional that has made this information available to you specializes in assisting those individuals with obtaining a home loan whether for purchase or refinance. Your loan professional in most cases can advice you on the best approach and help you with your specific loan requirements.
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