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Basic Home Buying Tips for the First Timers

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By : Vicki Hat    99 or more times read
Do you already know the kind of property you want for your first home? You may want to find one in Equestrian, Master-planned, Active-adults or even Retirement communities. After shopping for your dream homes in these places, the next step could already be home buying. But wait! Do you know anything about it?

If it is your first-time to purchase a home, you may find the whole process very complicated. However, earning the whole process is not difficult to do. Here are some tips to use:

Be Informed

Research on several things. First, know the step by step process to home buying. HUD website offers complete information on how to buy a house. If you need to know more, use Google and other search engines to get more resources for home buying.

Second, learn more about the local real estate market and its condition. Concurrent to this research, you need to determine the seller's reason for selling. Knowing about market conditions will help you position your offers properly (and in making counteroffers if the first one is rejected).

Find a Good Agent

Do not deprive yourself of a good guide. Hire a real estate agent and get quality help. Do not think about the commission. What is 5 to 6% commission in exchange for constant guidance? These people can even walk an extra mile to help you perform certain transactions in your behalf. You would also have your peace of mind because the person doing the errand for you know what he or she is doing and has had several experience.

Getting their help is the best way to save time and money in buying homes.

Never Eliminate Inspection

You have seen your dream house. But do you know if all of its components are functional? Is the house physically safe to anyone? Are there elements that could be possibly a health threat to human beings? And even if there are presence of threats and defects, do you know how to identify them?

Not all people have the eye to identify these problems. Hence, hiring an inspector can help you secure a home that is of good quality. Knowing the defects as presented on the official report can help you negotiate home prices or help withdraw legally if the seller refuses to compromise.

Get Pre-approved

If you plan to buy a home using mortgage, get pre-qualified. Doing so helps you cut the closing time shorter. On top of that, knowing how much loan you can get will make you more realistic in searching the houses you can buy. The pre-approved amount helps you determine the range prices of homes you can possibly afford.

Take these tips with you in order to be wiser in buying homes. Don’t limit your knowledge to the basics. Even if it is your first time to buy a house, you can complete the home buying transaction smoothly. You can also avoid costly mistakes. And lastly, you can buy a quality home with good value; one you will never living in for years.
More real estate tips can be found when you visit Phoenix AZ Homes for Sale, Carefree AZ Condo Real Estate and Carefree AZ Golf Real Estate.

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