Buying a home can be a big purchase in one's life. Whether it is the very first home for you and your family or you plan on it being your last, buying a home can be just as big of a decision.
Today, we will talk about different things you might want to think about when buying a new home.
Watch your credit score.
Before you head to speak to a mortgage officer, you should look into your credit score. You most likely want your credit score to be as high as it can be. You also want your credit report to reflect positively on you.
This way, buying a house can be a little bit easier because you won't have your credit score holding you back.
Search for the best mortgage company for you.
The next step would be to find a mortgage company for you and the house you plan on buying. This is not a hard task, but it is something you should put some effort into. Whether you are in the United States, Norway, or somewhere else, you will be able to find a mortgage broker.
You want to make sure your mortgage broker is knowledgable, that they can give you the best interest rate on your mortgage, and more.
Get pre-approved before you shop.
Before you start shopping for a home, you should always get pre-approved for a mortgage. This way you do not look at houses significantly above your budget and, therefore, waste time that you may not have. You don't want to waste everyone else's time as well.
Get pre-approved, and stick to that number, but preferably stay below it so that you can watch your housing budget.
Find the best house for you.
What may work for someone else may not work for you. So, this means you should always go house shopping for what you want, not what someone else may want in a home.
Buy something that will fit your family, and possibly even your soon-to-be family if that is in the budget. Also, make a list of the exact things you are looking for in a home so you can go through your list with your realtor.
See the house at different times.
When you finally find a house that you like, you should view it at different times. See the house during the day, on the weekends, at night time, and more. This way you can get a really good feel for the neighborhood and how safe it is.
Hire a home inspector.
After you finally find a home, you should always hire a home inspector. Too many people skip out on a home inspector and it makes no sense to me. Home inspectors are professionals in spotting things that may be wrong with a home, and they really are not that expensive. You may spend a few hundred dollars on one, but they can point things out to you that may change your mind completely on choosing a home to buy.
What home buying advice do you have?
Images via Flickr by Andrew Malone and Jaanus Silla
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