Buying a home can be a complicated and involved process, which can trigger a load of questions. From wondering if you need a real estate agent, to understanding the importance of a home inspection, here are the top home buyer questions, and answers.
Top Home Buyer Questions
How much mortgage can I afford?
This is perhaps one of the top home buyer questions as it indicates what kind of house and neighborhood to look for. Income, savings for a down payment, credit, and current debts can determine how much house you can afford. The first step to take is to talk with a mortgage lender who can help you crunch all of your numbers before you get too invested in the house hunt. Talking with a lender can also help get you pre-qualified and identify your options, as well as answer your questions about rates and loan types.
How many homes should I look at before choosing one?
This question doesn’t have a specific answer. Everyone is different, and while some people fall in love with the first home they visit, other look at dozens of properties before making a decision. The best way to feel confident in your home choice is to make a list of your must-haves and see if it meets your requirements. Sometimes it’s easy to fall in love with a home that looks great in the moment but doesn’t actually meet the needs of your new home.
What are some things I should check about the property before I move in?
It’s best to educate yourself on the desired neighborhood- economic conditions, crime rates, family friendliness, proximity to schools, amenities, utilities, and potential HOAs. Researching this a head of time will prevent large surprises down the road when it’s too late.
Do I need a real estate agent?
Although it’s possible to buy a house without a real estate agent, using an agent could help make the process easier. An agent can guide you through the process, take care of the small details, provide advice on to make sure you’re heading in the right direction, and overall be in your corner as you move into your new home. Additionally, real estate agents can help you negotiate a buying price in a fair but competitive way.
Should I get a home inspection?
While a home inspection isn’t mandatory, it can provide you with details about your home that you didn’t already know, as well as provide peace of mind that your new home is in working and safe condition. If the inspector does find problems with the house, the seller may be able to resolve those issues before you move in, or you could negotiate a lower price.
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