Fatal Mistake # 1: Thinking You Can’t Afford It:
Today, purchasing the home of your dreams is easier than ever before. Many people who believed that buying the house they wanted was simply out of their reach are now enjoying a new lifestyle in their very own brand-new home.
Buying a home is the smartest financial choice you will ever make. In fact, most American and Canadian home owners would be financially broke at retirement if it weren’t for one saving grace – the equity in their house. Furthermore, mortgage rates are more manageable these days than ever before and tax allowances prefer home ownership.
Property values have always risen steadily. Naturally there are peaks and valleys, but the long term the trend is a consistent increase. This suggests that on a monthly basis when you make a mortgage payment the amount that you owe on the house goes down and the value normally increases. This owe less-worth more situation is known as equity build-up and is the reason you can’t afford not to buy.
Even if you have little money for a down payment or credit score troubles, chances are that you can still purchase that new house. It simply boils down to learning the right strategies, and dealing with the right people.
Deadly Mistake # 2: Not Hiring A Buyer’s Agent To Represent You:
Buying property is a complicated and stressful task. As a matter of fact, it is often the biggest single investment you will make in your life-time. At the same time, realty deals have become significantly more complicated. New technology, laws, procedures and competition from other buyers require buyer representatives to perform at an ever-increasing degree of professionalism. For many home buyers, the process turns into a terrible, stressful ordeal. In addition, making the wrong decisions can wind up costing you thousands of dollars. It does not need to be this way!
Work with a buyer’s representative who has a keen understanding of the real estate company and who is on your side. Buyer’s agents have a fiduciary responsibility to you. That means they are loyal to only you and are obligated to look out for your best interests. Buyer’s agents can help you find the best home, the best loan provider and the best inspector. Most importantly, in many cases, the buyer’s agent is paid out of the seller’s commission, even though he/she works for you.
Trying to buy a home without an agent at all is, well … unthinkable.
Deadly Mistake # 3: Receiving A Cheap Evaluation:
Purchasing a home is most likely the most costly purchase you will ever make. This is no time to shop for a cheap evaluation. The cost of a home evaluation is very small relative to the house being inspected. The added cost of hiring a qualified inspector is almost irrelevant. As a home buyer, you have recently been crunching the numbers, negotiating offers, adding up closing costs, looking for home loans and attempting to get the very best deals. Do not stop now. Do not let your realty agent, a patty-cake inspector or anyone else talk you into skimping here.
NACHI front-ends its membership requirements. NACHI declines more than 1/2 the examiners who wish to join because they can’t meet the membership requirements.
NACHI licensed examiners perform the best evaluations by far. NACHI certified inspectors earn their fees many times over. They do more, they deserve more, and yes they generally charge a little more. Do yourself a favor … and pay a little more for the quality evaluation you deserve.
Cliff Willis is a professional residential property inspector based in Fort Worth, Texas. His property inspection company, Home Inspection Solutions, has earned him a reputation for being impartial, comprehensive, and ethical. He is totally qualified to perform conventional home inspections for buyers, sellers, and home-owners. To arrange a property inspection with their firm, just click on this link http://youtube.com/watch?v=FCE7xwaDPXk to visit our online site or give us a calll at 214-960-1005! For additional information on property inspections, also have a look at atlanta home inspection.