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Is A Home Inspection Really Necessary Before Purchase?

Author: Rhen Sambal
by Rhen Sambal
Posted: Dec 30, 2014

Buying a new house often proves to be the largest financial outlay in your entire life. With that in mind, it is absolutely imperative that you make the best decision possible the first time. If you follow these tips, there is a much greater chance that you won't regret the six-figure outlay of buying a new house.

Before buying a house always have a professional come and look it over. They will be able to check for any problems that you might not notice, such as foundation issues, siding or wall cracks, basement leaks, or hazardous materials like asbestos. This will save you a lot of money in the long run.

Remember that what is outside the property you want is just as important as what is inside. The perfect piece of real estate inside can quite easily be in a noisy area, far from where you need to be or near schools that are not right for you and your family. Not having the right location can cost you in the long run.

Make sure you have more money in savings than is required for the down payment and closing costs when you decide to buy a house. You should have several thousand in savings, in addition to your down payment before talking to a realtor. Unexpected repairs can be very costly, and if you are not prepared it can cause many troubles down the road.

When buying real estate directly from an owner, you must have an appraisal done to prevent paying more than the house is worth. Since the owner has a vested interest in getting as much money for his house and doesn't have the market knowledge to know how to price it properly the odds are that it is over-priced.

Discount brokers may be something to consider if you have the time to do the leg work when you are buying a house. They are much cheaper than a traditional broker but they do far less work for you. You will be responsible for setting up appointments to view homes and writing up your own sales contract. You will save money but work harder.

From getting an appraisal and inspection to closing the loan, the real estate process is convoluted and fraught with potential pitfalls. That is why it is important to have guidance every step of the way. Make use of these tips to simplify the real estate buying process and make it manageable.

Your northern Dallas-Fort Worth suburbs e-PRO Certified, ABR Realtor, who specializes in exclusively working with Buyers. Serving the Coppell, Southlake, Colleyville, Grapevine, Irving, Flower Mound, Lewisville, Carrollton, Keller and Frisco areas. Search the MLS from this site. realtydfw.com/search-homes/NTREIS/city/Plano/?search=bar

About the Author

Rhen Sambal is a SEO expert from the Philippines.

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Author: Rhen Sambal

Rhen Sambal

Member since: Nov 08, 2013
Published articles: 60

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