So you are ready to find your dream home. It is a daunting process but you are willing to undertake it to ensure that you get to live in the location and home of your choice. Your home should be your place of refuge, a place to enjoy and replenish yourself. So let’s get started.
What to expect? The typical home buyer spends more time online researching than ever before. It takes about sixteen weeks to find the house after viewing about eight homes. Each home showing lasts less than one hour. How much do you know about what you are buying and where you will live?
Next step is due diligence. Hire professionals to assist with the process. Trust but verify! These professionals should be experienced in real estate and keep current through ongoing education. The list includes a real estate attorney, mortgage broker, movers and home inspector.
Is a home inspection really necessary? You can close without it. It costs money, takes time and no house is perfect. What if the deal falls through and you have no place to move? Your handy man friend walked by and says that it looks ok. Other friends have bought places without an inspection and it was ok.
You really want this house! This may be the biggest investment of your lifetime. But what if this dream turns into a creepy nightmare? Short cuts in due diligence may cost you money and inconvenience for years. Before you act, get the facts!
A typical report should cover the status of the following: heating system, central air conditioning system, interior plumbing and electrical systems, roof, attic, visible insulation, walls, ceilings, floors, windows, doors, foundation, basement and all other structural components. Know what you are buying and move into your dream home as planned!