Did you know that buying a house is an easy task where all of the paperwork is straightforward and simple to file? The reason you didn’t is that it isn’t true! In any way! However, that doesn’t mean that you can’t do it, you just need to know a few tips and tricks. Below are some great things to keep in mind when buying a home.
Get Your Finance in Advance
There is nothing that a seller hates more than waiting for your mortgage to be approved. This is for the very reason that they could miss out on a good price waiting for your mortgage application that eventually falls through. For this reason, it’s important that you don’t even approach any agents or sellers until you have a provisional mortgage approval from your mortgage provider.
Be Present at Your Property Inspection
Yes, you hired a property inspector to perform the task and complete a report, however, if there is anything in particular that you wanted them to pay attention to or you would like to discuss any problems they find in the moment, attendance is key. It also gives you your own opportunity to notice any concerns of your own which aren’t related to the property report, but ones that you would like to discuss with the other prior to signing the papers.
Title Insurance includes a thorough search of the title to any property you are considering purchasing and protects you from any claims made against its ownership once you sign. For example, if the sale is made without the knowledge of a required party, then that party could raise a claim of ownership against your new home.
Treat Your Estate Agent Well
Your real estate agent is a busy person and they appreciate your patience. To say thank you for spending time on your property and getting you the most possible for it, get them a small gift like something from the Groupon Coupons page for Things Remembered. A small token is all that’s required and can set a great precedent for any future business that you may have together.
Read Everything Before You Sign
Do you know who is responsible for honoring an agreement once you sign it? You! Not the agent who told you to sign the paper. Not the plumber who just needed a signature. You! There are going to be a large number of times where your signature is required to continue the process. During these times, it’s important that you always read anything and everything that is put in front of you.
Speak With Friends and Family
You aren’t the first person to go through this process, so learn from those who have. In addition to these tips, speak with your friends and your family who have purchased property and get their advice. Whether it’s a story about a bad experience or one that went smoothly, each has aspects that you can learn from. Whether it’s forgotten paperwork or an angel of an agent, it all helps.