Top things you must do when buying a house
20 items ranked
If you are in the market for a new home, here are the top things you must do to ensure you have a good experience and settle into the home of your dreams.
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1.
Pull your credit report
This is where lenders will start, it is important that you are already familiar with your own credit history and credit score.
20 points - added 13 years ago by kris -
2.
Think long term
Don’t buy a house for short term reasons as prices and conditions change over time.
19 points - added 13 years ago by kris -
3.
Research your market
Choose areas you would like to live in carefully by paying attention to school, local venues, crime rates etc.
18 points - added 13 years ago by kris -
4.
Get an inspection
This is usually an automatic part of the process, but it is important to have the house inspected so that you are fully aware of what you are signing up for.
17 points - added 13 years ago by kris -
5.
Aim for something you can afford
Don’t over reach for a property that you cannot currently afford.
16 points - added 13 years ago by kris -
6.
Prepare for up to a 20% down payment
15 points - added 13 years ago by kris -
7.
Remember extra costs such as legal costs
14 points - added 13 years ago by kris -
8.
Don’t be afraid to look at auction homes
13 points - added 13 years ago by kris -
9.
Always negotiate the offer
12 points - added 13 years ago by kris -
10.
Get a reputable agent
11 points - added 13 years ago by kris -
11.
Include estimates of moving costs as part of expenses
8 points - added 13 years ago by kris -
12.
Take advantage of first home buying credits
8 points - added 13 years ago by kris -
13.
Talk with previous owners
7 points - added 13 years ago by kris -
14.
Ask for extras when dealing with a home builder
7 points - added 13 years ago by kris -
15.
Take pictures of the property
6 points - added 13 years ago by kris -
16.
Go through the preapproval process
5 points - added 13 years ago by kris -
17.
Find a stable neighborhood
4 points - added 13 years ago by kris -
18.
Make sure you understand the terms of the loan
3 points - added 13 years ago by kris -
19.
Don’t sell your property before you securing move into another one
2 points - added 13 years ago by kris -
20.
Have a contingency fund
1 point - added 13 years ago by kris -
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