Once you figure out what you can afford to pay for a home and obtain a pre-qualified mortgage, you are ready to start a serious search. There are variety of sources you can use to find the home that is right for you; you can use: the Internet, real estate magazines, work with a real estate agent, for sale signs, development sites, word of mouth, open houses, local newspapers etc.
Start with describing home you want to buy. Chances are you won't find a home that has everything you want, but our printable Buy Home Form (pdf format) will help you prioritize the features, elements, and amenities you’re looking for in your new home.
Whether you work with realtor or search by yourself, it's a good idea to keep records with all the information about properties you visited to make sure you have it when you want to compare homes.
Familiarize yourself with the fundamentals of real estate before you invest in your first property.
Make sure your information is up to date. You have to know and be realistic about today's real estate market.
Location matters, so before you buy any real estate property, ensure that it's in a good location.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved.
Keep in mind, the commission is always negotiable upfront, before you sign a contract.
If you are working with agent, make it clear that you want the agent, not his/her assistants, to represent you.
Before you buy any real estate property, have it inspected by a professional home inspector.
If you are buying property with a partner, have a proper partnership agreement to protect both of you.
Make sure you read your listing or buyer’s agreement carefully before signing it.
Don’t skip the final walk-through to make sure that everything is done properly, and that the items you agreed should stay are still there.
THE WRONG CHOICE MAY COST YOU TIME, MONEY OR THE OPPORTUNITY OF IMPROVING YOUR LIFESTYLE