Last week I posted several hints to reduce the stress when buying a home. This week we are going to continue with a few more good ideas to make the Home Buying Process go smoothly.
Idea 1: Let Us (or another competent REALTOR) structure your offer correctly. Writing an offer in a way that is simple and yet protects you while giving you the best chance get the home for the least amount of money is important. Experienced REALTORS understand the local norms of home offers because they do it all day long. They can write an offer that highlights the best terms and conditions that will give you an advantage.
Idea 2: Don't make other major financial changes when you are buying a home. Buying a car, taking out a loan for other purposes, or any other major financial move made during the time that you are buying a home can slow or stop the underwriting process for your mortgage. Why? This is because underwriters for the mortgage company want to see your complete financial picture. If they see one thing change, they will often want to revisit your whole set of finances to make sure that nothing else changed as well. A major loan can mess this up by affecting ratios that lenders use to determine your ability to repay the loan.
Idea 3: Get a home inspection. Home inspections can help uncover any nasty surprises, big or small, that may be lurking in the home. You want to know up front what you are buying. Having an inspector look at the home can help provide you with peace of mind.
Idea 4: Plan for "post buy letdown". After you have moved into your home, there is a common feeling of slight "buyer's remorse" that often sets in. This is normal as you settle into everyday life in your new home. The "new" becomes "normal" and if you know this is coming you can often simply recognize it for what it is.
Ok. With these hints and ideas in place, you should be able to reduce many of the typical stresses that homebuyers feel. We are here to help as well. If you are starting to look for a home in the Greenville area, please give us a call. We will be happy to help take the stress away and to make the process of finding and buying your home a satisfying and rewarding one.