Whats Missing On Most Home Buyers ChecklistsWhats Missing On Most Home Buyers Checklists

In a search for "Home Buyer's Checklist," I found articles, spread sheets, and tips with differing advice. Some of this advice includes:

1. Know your location

2. Negotiate price

3. Check for amenities and compare to other homes

4. Inspect the house for defects

It seems that the real estate websites want you to choose a home and blindly put your money in escrow. These home buying tips should include more information for home buyers to make a solid home purchase.

Always leave yourself a way out of any home purchase contract until you get your home inspection and have time to fully investigate the property, neighborhood, and your financing terms.

Add These Tips to Your Home Buyer's Checklist

1. Get your financing arranged before you look for a home. See your bank or loan officer before you see a real estate agent. You must know how much you qualify for in a mortgage and how much money you need to close. When you meet these basic requirements, you'll know the price range to shop.

2. Purchase an Owners Title Policy to cover your interest. Although you need a title policy for your mortgage lender, this only covers the loan amount. An Owners Title Policy costs little and protects your equity.

3. Know your property boundaries. In many locations, this involves getting a survey so you understand exactly what you're buying.

4. Use an attorney when you need legal advice. Most agents can advise you on local customs, not legal issues.

5. Read the Covenants, Conditions and Restrictions of the subdivision (CC&Rs). If you're purchasing a condominium, know what the association fees are and your legal rights. You need to know if you must always occupy the property or if you can rent it, if children are allowed, and what the association does. Do they paint the exterior, landscape, and send you an extra bill?

6. Do a final walk-thru before handing over your down payment and signing closing documents.

7. Make sure the seller's move out on time. Once they get their money and the house changes ownership, you have no leverage if they damage something or don't leave.

If you use a knowledgeable real estate agent, he or she should protect your rights and money. If you buy from an owner, you need to take extra precautions. Buying a home should be a fun experience. Enjoy searching for the right home. Avoid mistakes and make a decision you'll be happy living with for many years.

Copyright ? 2005 Jeanette J. Fisher. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)

by Jeanette Joy Fisher
References and Bibliography

Jeanette Fisher teaches home buyers how to satisfy the six credit requirements to buy their dream home or multiple investment properties. For free Credit Tips for Home Financing ebook and more home purchase information, visit http://www. recredithelp.com.

Rated:NR/0 Votes
1 Views
Add To My Article Reading List
Add To My Article Reading List
Print Article
Print
More Article By Jeanette Joy Fisher
More Article by Jeanette Joy Fisher
Share
More Articles From Real Estate
More Articles From Real Estate
Related Articles and Readings
How to Become a Real Estate Agent By: Andre McFayden
If you're wondering how to become a real estate agent, the basic process is fairly simple, although it does vary a lot from state to state.. You will need to take classes, pass exams, earn a real estate license, find a broker to work for, then find sellers or ...
Tips On Hiring a Real Estate Agent And Using The Multiple Listing Service By: Paul Bittle
MLS stands for Multiple Listing Service. You can do a search for MLS.The MLS is a database - an extremely convenient way to know what properties are for sale at any given moment. This makes it very useful to real estate agents and brokers.Basically, the MLS is like a huge ...
Kings Bay Georgia Real Estate An Amusing Tale About a Real Estate Agent By: Glenn Keller
This story is true and not meant to hurt anyone, but the more that I think about what happened, the more it makes me laugh. I hope that you not only get a chuckle from it as I did, but take your time and look for a professional real estate ...
Understanding How a Buyers Agent Can Help You By: Rob Pirozzi
When purchasing a home, most people will have an opportunity to interact with one or more real estate sales people (often referred to as real estate agents or "realtors"). It is very important for a home buyer to understand the roles and responsibilities of a real estate sales person, especially ...
Everything A Real Estate Agent Doesnt Want You To Know Part 2 By: Jim Hart
So you are thinking about buying a home? Typically, people who are planning to buy a home, and especially first time home buyers, start by looking through newspapers ads and real estate magazines before calling a real estate company and talking to a real estate agent. And that's where ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of ezinepost.com. ezinepost.com  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more

StatisticsEZINEPOST.COM

  • » Active Categories: 419
  • » Active Articles:252096
  • » Active Authors:32163
  • » Active Members: 35787
  • » Statistics Updated:
    - Sat Aug 11th, 2018 01:04PM EST