The Buying Decision
There are many choices available to today's buyer. You should answer some questions before deciding to buy. Am I financially able to purchase, what are my financing options, and how much can I afford (please see mortgage calculator, do I have money for a down payment, what type and style of home am I looking for, and am I ready to be a home owner?
The Agent Decision
Finding a real estate agent is a vital component of home buying. the agent you choose should guide you professionally through the process with an understanding of your needs allowing you to make an informed decision. Your interests come first to the agent.
Location, Location, Location
When searching for a home you must ask what type (condominium, single family, multi family, etc.), of home you want to own, what style (old style, cape, ranch, colonial, etc.) of home you want to own, and in what kind of neighborhood you want to live. Making a specific list of needs and their importance will help in this process. Among the questions you should be asking are: how many bedrooms, how many bathrooms,do I need garage parking, is public transportation necessary, are schools close by, is a fireplace importance, what amenities are important to me, etc.
The offer contains a selling price, terms and conditions of the sale (down payment, home inspection, closing date), and contingencies pertaining to the sale. The seller may accept the offer, reject the offer, or make a counteroffer. Your agent will help you in negotiating the best terms and conditions for your offer and advising you of your rights.
A home inspection is a vital component of the home buying process. A home inspection is an examination of the condition of a home carried out by a home inspector who is professionally trained to carry out such inspections. An inspector will chcheckhe roof, basement, heating system, air conditioning system, water heater, structure, plumbing, electrical, and other aspects of the building looking for improper building practices, items that require extensive repairs, items that are general maintenance issues, as well as fire and safety issues. A home inspection report is then issued by the inspector.
A home inspector is sometimes confused with areal estate appraiser. An inspector determines the condition of the structure, whereas an appraiser determines the value of a property.
On the closing date, the parties consummate the purchase contract, and ownership of the property is transferred to the buyer. This is the day where all your hard work and effort pays off as you get the key to your new house.
Contact Us to learn more about buying your next Boston Area home.