Purchasing A House? Keep These Home-Buying Tips In Mind

If you are ready to start the process of buying a house, it’s important to take some time to do a little homework first. The steps to buying a house are not complicated, but you need to know what they are in order to make wise decisions along the way. Here are some home-buying tips to set you in the right direction.

  1. Consult With a Financial Expert to Know Your Financial Reality 
    Before even looking at the first listing, you need to have a realistic idea of where your finances sit. Talking with the right financial expert will help you gain this insight. Anthony Marinaccio offers services to homebuyers by pulling credit scores and helping them evaluate their credit standing. The team at Anthony Marinaccio can help you by evaluating your credit situation and suggesting changes that will help improve your credit score so you are in a better position to get a mortgage. Remember, the higher your credit, the better your chances of getting a good mortgage. Anthony Marinaccio can help you make changes that quickly improve your credit score. Then, make sure you take a closer look at your budget so you know exactly how much you can afford, in order to shop for homes that are within your budget.
  2. Determine Your Financing 
    Before you start searching for a home in earnest, find your financing options. If you can walk into the home-buying process with loan pre-approval, you will be positioned more positively for the seller to accept your offer. Talk to mortgage brokers and lenders about your options, and apply for loan pre-approval once you find a lender you like. Consider a broker, like Anthony Marinaccio, for a number of mortgage solutions from which to choose.
  3. Select Your Real Estate Agent
    Yes, you can buy a home without a real estate agent or Realtor, but it’s not a good idea. Working with a real estate agent gives you first insight into homes that are on the market, but not yet listed publicly. It also gives you a strong negotiator who can help with your offer and the negotiations that follow. A real estate agent will have the knowledge to walk you through the process ahead as well, ensuring you know what to expect.
  4. Read, Read and Read Again
    When buying a house, you will be given many papers to sign. Your mortgage, the offer, the negotiated offer and the closing all come with paperwork that is legally or financially binding. You need to know what you are agreeing to, so be sure to read everything you’re handed during these times.
  5. Know Your Must-Haves and Wants
    Your “dream home” may be just that — a dream. While there is a home out there that will meet your needs, you need to be realistic as you start searching, especially if your budget is tight. One of the best home-buying tips to follow is to list your needs and wants and know the difference. This will help you find a home that truly meets your needs without going over budget.

Buying a house is an exciting time. With the right guidance, you can find a home that will serve you well in the years to come. Keep these tips in mind, and the process ahead of you will be a positive one.

15 thoughts on “Purchasing A House? Keep These Home-Buying Tips In Mind

  1. Your advice to consult with a financial expert who can help you evaluate your situation, and make suggestions on how to improve it, is a great idea. Changes that will improve your situation could help you get the best home at an affordable price. Once you have your finances under control, you’d probably want to talk to your agent to see what homes there are for sale in the location you need, and within your price range.

  2. My husband and I have been saving up for a house for almost three years now, and I think we’ve saved up enough. It’d be nice if I were able to hire a real estate agent to help me find the right home soon. This way we could find a home sooner, I know that my husband would like to find a home ASAP as well.

  3. My husband and I are looking into getting a bigger space than our apartment but aren’t sure how start the process. You made a great point on how you should select a realtor after figuring out finances. I like that you talked about how working with a realtor can give you can insight to homes that are on the market but not publicly listed. That is something I should keep in mind and pass on to husband when he gets home.

  4. My husband and I are planning on buying some real estate that’s a bit bigger so that we can fit all our kids and pets easily. So I really appreciate your suggestion that we make sure we read over all the paperwork we are given carefully. I’ll be sure that before we actually sign anything or buy the real estate property, we read through everything that will be legally binding.

  5. My mother is considering buying real estate and would love some advice on how to do so. I think it would benefit her greatly to know that she can consult with a financial expert. THis way she has a good idea of what is in her budget.

    1. Let me know if there is anything else I can do to help out! Check out my free book as well, under Mortgage Tools!

  6. I really like that you recommend to think you your must haves and your wants. My wife and I have been talking about buying a house for a while now. I’ll have to sit down with her and make a list like this.

  7. I have been looking into moving out of my one bedroom apartment and into a home. I liked that you had mentioned that when purchasing real estate it can be very important to determine how much you can afford and you could do this by applying for a pre-approval loan. Once I can get that figured out and that I’m able to see what types of homes I can afford, I’ll be looking around for the perfect one.

  8. Thank you for all this great information about buying a new house. One thing that really stood out to me is your point about finding your finance options first. It would be nice to know that you will actually be able to afford the home before choosing one.

  9. My partner and I have decided to take it to the next level, quit renting and get our own place. The first try is always the most daunting one; may it be as simple as driving your first car to as big as buying your own place. It is indeed important to settle your finances first to make sure that you can determine a budget and you wouldn’t become house broke.

    1. Sounds great! Let me know if there is anything else I can help with! I also have a free book you can download on the site, just poke around you’ll find it.

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