Even though the economy seems to be rugged, it is a great time to puchase a home. The interest are at all time lows for first time home buyers, to second homes, or even for investing. Lets look today!
Once your offer has been accepted on the home you would like to purchase one of the things that is suggested is for you to get a home inspection. What is a home inspection? Well, one of the best ways to understand the property’s condition is to hire a qualified home inspector. It is recommended you contact and interview at least two to three different home inspectors in order to find one that will meet your individual needs. Inspectors are familiar with the building codes and will help look for flaws in the home your are purchasing.
The following are some important questions to ask before making your final selection;
- How long have you been in the home inspection business?
- What are your qualifications?
- Are you a member of any inspection organization or association?
- How many resale home inspections have you completed?
- If I hired you today, when would you be available to complete my inspection?
- What will the inspection cover?
- How long is your average inspection and how long after it’s completed will I receive my report?
- How much will the inspection cost?
- May I attend my inspection? May my real estate agent also attend?
- Do you provide estimates for repairs and improvements?
- Can I contact you post-inspection for any questions?
These are just a few questions and you may have more but hopefully this will help you when it is your time to need a home inspection.
Talk to you soon, Patti
Question – Can I write off all expenses on my home?
This is a MYTH: Home addistion, insurance cost, renovations, condo/HOA fees are not tax deductible like your property taxes and mortgage interest can be. Remember to always check with a tax advisor or a financial planner when determining what home related issues are deductible.
see you again soon,
patti -email@example.com (-pattimace null@null pattimace NULL.com) or firstname.lastname@example.org (pattimace null@null sbcglobal NULL.net)
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Now that you understand where credit scores are derived from the next step in your home purchase is to go to your bank or a mortgage broker and get a pre-approval letter. This pre-qualification will let you know based on your income and debt ratio what price range your home purchase needs to be at/under.
Realtors do not want to disappoint their clients in anyways so as a realtor when a client comes in the first step is the pre-qualification with a mortgage broker or bank. This prevents the realtor from showing clients homes that are not within their ratio and ultimately making it more difficult to find them a home that fits their personality.
The next step in your home purchase is knowing where you want to live. Is there a subdivision or rural area that particularly interest you? If you are new to the area then this could be a difficult decision but ask around your job or friends to see what opinions they have.
Now that you have the pre-approval and know what area you would like to live in then the next step is to get with your realtor and/or find a realtor if you do not have one yet. This step is easy if you live in Texas near the Woodlands, Houston, Spring, or surrounding areas you can contact me at email@example.com (pattimace null@null sbcglobal NULL.net), if not then I would be glad to assist you in finding someone in your area, or speak with a family member, or friend.
Realtors and clients then work together to find out what type of home you like, traditional, colonial, modern. Then how many bedrooms, bathrooms, and other areas you desire such as a study, or a gameroom. Do you want an older home in a mature area with grown trees or do you like the feel of a new home in an up and coming area.
Once this is all figured out off we will go to look at the inside of the homes to see how well they have been maintained and if the home fulfills your desires. Most clients like to see 8-10 homes or more before making a decision and will usually narrow down to two and go and look at them again to make their final decision.
See you back here soon to check out my next blog on ….Now that the home has been chosen what is the next step……..
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