© 2010 Home Buyer
Home Buyer’s
Home Buyer's Home 2 Home Buyer's Home

Home Buyer’s Guide

Home Buyer’s Guide Buying a home is like buying a new car - it is something that you have to use every day so taking things into consideration is important. Some people end up having a few regrets, just because they did not take the time to do proper research about the house they wanted. Here is a guide on how to pick the best home: Pick an Agent or Broker There is no much difference between an agent and a broker. In some cases, the terms are used interchangeably. You might find people giving the work of an agent to a broker and vice versa. However, the broker is always the senior. They have more training and they will have more managerial positions in the real estate business. The key is to understand who the best agents or brokers are for the area you are interested in. Ask around from people who bought houses in the same location. They will have an idea of who are the best agents to deal with when looking for the perfect house. Find the Right Home The perfect house varies from one person to another. Different people will have different preferences. Some will love a certain color while others will hate it. The key is to find that one house that you really want. This is something you buy once in a lifetime, so give it some thought. There cannot be any regrets whatsoever in the future or you will start to hate yourself for it. Invite friends or your partner to help decide which is the perfect house you would want for your family. For a person who has a big family, picking a home with a large outdoor space is crucial. Financing Options Available Now that you have found the right home, it is time to look for the financing options available for the home. Let the agent tell you about the prices of the models they have. If you are going to pay cash, the prices will be lower than when taking a mortgage on it. If you have been saving for a long time to buy the house, this could be one way to do it. In most cases, people prefer to get a mortgage on the house. Once you have your finance sources ready, get ready to make an offer to the seller. Make an Offer You have gone through all the requirements of the bank or financial institution that is ready to support your purchase, it is time to make an offer on the home. The seller is likely to lower the price based on the reasons why he or she is selling the house. Always bargain in order to get a few more discounts on the home. In the end, all of you will reach an agreement on the price for the house.   Buy the House Once you have agreed on the price, go ahead and make payments on the house. Ensure that you pick a mortgage that you can afford to pay. Get Insurance Your lender will make purchase homeowners insurance in order to protect their investment. Usually the lender or your Realtor will recommend an insurance company. The problem with that is that many bankers and Realtors have ties to a particular home insurance broker and you could end up paying way too much for your home insurance. The best way to purchase homeowners insurance is to shop different companies and compare insurance rates. The easiest way to do this in to go online to an insurance comparison website to get homeowners insurance quotes. In addition to getting quotes make sure your ask the agent you speak to to get all of the discounts you’re eligible to receive and get the highest deductible you can afford. Doing this can save you hundreds of dollars a month on your insurance premium. i
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HOME BUYER
HOME BUYER
© 2010 Home Buyer
Home Buyer’s
Home Buyer's Home

Home Buyer’s Guide

Home Buyer’s Guide Buying a home is like buying a new car - it is something that you have to use every day so taking things into consideration is important. Some people end up having a few regrets, just because they did not take the time to do proper research about the house they wanted. Here is a guide on how to pick the best home: Pick an Agent or Broker There is no much difference between an agent and a broker. In some cases, the terms are used interchangeably. You might find people giving the work of an agent to a broker and vice versa. However, the broker is always the senior. They have more training and they will have more managerial positions in the real estate business. The key is to understand who the best agents or brokers are for the area you are interested in. Ask around from people who bought houses in the same location. They will have an idea of who are the best agents to deal with when looking for the perfect house. Find the Right Home The perfect house varies from one person to another. Different people will have different preferences. Some will love a certain color while others will hate it. The key is to find that one house that you really want. This is something you buy once in a lifetime, so give it some thought. There cannot be any regrets whatsoever in the future or you will start to hate yourself for it. Invite friends or your partner to help decide which is the perfect house you would want for your family. For a person who has a big family, picking a home with a large outdoor space is crucial. Financing Options Available Now that you have found the right home, it is time to look for the financing options available for the home. Let the agent tell you about the prices of the models they have. If you are going to pay cash, the prices will be lower than when taking a mortgage on it. If you have been saving for a long time to buy the house, this could be one way to do it. In most cases, people prefer to get a mortgage on the house. Once you have your finance sources ready, get ready to make an offer to the seller. Make an Offer You have gone through all the requirements of the bank or financial institution that is ready to support your purchase, it is time to make an offer on the home. The seller is likely to lower the price based on the reasons why he or she is selling the house. Always bargain in order to get a few more discounts on the home. In the end, all of you will reach an agreement on the price for the house.   Buy the House Once you have agreed on the price, go ahead and make payments on the house. Ensure that you pick a mortgage that you can afford to pay. Get Insurance Your lender will make purchase homeowners insurance in order to protect their investment. Usually the lender or your Realtor will recommend an insurance company. The problem with that is that many bankers and Realtors have ties to a particular home insurance broker and you could end up paying way too much for your home insurance. The best way to purchase homeowners insurance is to shop different companies and compare insurance rates. The easiest way to do this in to go online to an insurance comparison website to get homeowners insurance quotes. In addition to getting quotes make sure your ask the agent you speak to to get all of the discounts you’re eligible to receive and get the highest deductible you can afford. Doing this can save you hundreds of dollars a month on your insurance premium.