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3. Picture The Property Naked.
Remember, it will be your furnishings and décor filling
this new residence. Imagine the current owner’s belongings
stripped away to picture how the home would accommodate
your tastes.
4. Look Closely. Do not underestimate
the importance of inspections, which should be conducted
by a professional organization. If you’re purchasing
a condominium, go over things like bylaws and association
fees meticulously. Do not make any assumptions about
your purchase; inspect, then inspect again!
5. Use Your Resources. If
you’ve chosen the right real estate professional, you’ll
have unlimited resources available at every stage of
the buying process. For example, your REALTOR® will
be able to refer you to a lender and title representative,
and each of them should work together for your benefit.
6. Do Detective Work. It
can’t be said enough: check everything out before you
sign any paperwork. Look into costs of living in the
property, like utilities, taxes, insurance, maintenance,
and homeowner's association dues. You can’t know too
much!
7. Make One Last Visit Before
You Make the Move. Once the previous owner’s furnishings
have been moved out, visit the property a final time,
with all utilities turned on, to make absolutely certain
that the property was left exactly as the contract specifies.
Unintentional oversights can often be spotted and addressed
during a final walk-through.
8. Leave Wiggle Room. As
anyone who has been through the buying process will
tell you, closing dates are never absolute. Have a backup
plan and don’t lose your cool if there’s a delay. You
or the seller may need a little more time to make final
arrangements. This is definitely not uncommon in a real
estate transaction; don’t let it be a source of frustration!
9. Get it in WRITING! Do
not make any assumptions or take any verbal assurances
as binding agreements. Even the most ethical of people
can lose sight of what they’ve offered, so you or your
agent should document all discussions and get sellers
to put a pen to any promises.
10. Develop an Open Relationship.
Honesty and straightforward communication with your
team is the best method of ensuring a great beginning
in your new home. Don’t destroy all your hard work and
risk not getting the home you want by letting your feelings
or concerns simmer! Choose the right people to work
with, and the relationship will produce a positive experience!
I would sincerely like to help
you with all of your real estate needs. My extensive
knowledge of real estate investing, 1031 exchanges,
and all aspects of home construction and sales can save
you THOUSANDS of dollars and HOURS of time when buying
a home. Please do not hesitate to give me a call.
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