When buying a home it is easy to get carried away by the looks of the place, the location and even the person who is selling it but “Looks can be deceiving.” Buying a home is a big decision and it demands a lot of respect in every regard. Finding that perfect home is very difficult to do and just when it seems you have found the perfect place, the feeling that the journey has finally ended usually comes a tad bit premature and it is not usually the case.
Have the home inspected:
Getting a home that you are considering purchasing inspected is a must do, it is basically an unwritten rule of home buying and there are many reasons for this. The main reason being that a home inspector will be able to find things that the average person will not even notice, such as the floor being lower in some spots than in others and this is a very big problem. A home inspector will identify problems in the foundation, electrical, plumbing, insulation and the structure itself. When hiring a home inspector, to be on the safe side, hire one on your own and do not go with an inspector that the agency or homeowner recommends to you. Good and reputable companies that carry out home inspections can be found in local “yellow pages” and online.
Do your research:
Doing your own research on the home you will find information that real estate agents do not like to make public as if the electric bill is outrageously high due to taxes on the area and it is fun to play investigator for a little while. The things that you will want to do research on are the utilities companies as far as which ones are available, what the average cost of utilities is, the area itself as far as crime is concerned and if there has ever been any criminal acts committed in the home or on the property. It is also a good idea to get to speak with some neighbors in the area to find out what they know about the owner or the property. With this research done you may find that the place might not live up to the hype.
Have a lawyer review the buyer’s contract:
Another thing that should always be done is having the contract itself inspecting by a professional and in this case it would be a real estate lawyer. A real estate lawyer will be able to instantly identify anything in the contract that will cause you harm in the future as far as your rights go. Buying a home is not only a difficult choice but it is also an investment and a specialized lawyer will help you to protect your investment. It is a good idea to ask your lawyer to determine if there are any stipulations they recommend changing and you may have them draft up a more secure contract. If you have made it to this point then negotiating a good contract may be the last step.