Pre- Home Buying Checklist

By: Lou Lynch

One thing that you see a lot of online is lists of things to do when purchasing a home. Most of them are fairly similar as there is an established set of steps that buyers go through during the sale process. One thing you don't see too much of is things that you should not do, so that is where we are going to start.

Things Not To Do - Before buying a home, having your finances completely sorted is essential and one thing that can easily mess with that is a large purchase. Even if you have the money available, avoid making any large purchases for months before you buy a home as the simplest things can show up when your lender goes to look at your credit rating. So purchases like cars or vacations should be avoided. Besides, with the home purchase you are going to need every cent you have.

Another thing that you should not do is skip any of the inspections with a home. Many people try to skip the inspection, believing that the property is in good shape because everything appears in order at a glance. Skipping inspections has been responsible for more troubles and buyer's remorse than most people know. And of course, the last item is not to leave everything until the last moment. You really don't need to be running around looking for things right now, there are more important issues to deal with.

Now let's look at the other side of the equation. The things that you will absolutely want to make sure you have done before buying your home. Everyone in this situation will want to spend some time shopping for the best mortgage possible. Also when it comes to a loan and the actual sale of the home, make sure you get everything in writing. This is more for your peace of mind than anything else. In case there are any points of contention you can show the terms of the deal/loan for reference. Make sure that you have every aspect of the move planned right down to the minute. This comes in handy when trying to get organized for the actual move day. Finally, make sure that you are choosy about the home you offer on. Ideally the home will be perfect for you now, and will still suit your needs 10 years down the road. But most of all, have fun when searching for your home, this whole process should be a memorable event!

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