#1 Renting? Talk to your landlord
- Check your lease and look for what the early termination penalty is.
- Talk to your landlord and let them know what your plan is.
#2 Things to Bring with You On "House Hunting Day"
- A cheat sheet to write notes
- Water & Snacks (more about this later)
#3 Only view homes that accept the financing you are approved for
This way, you will avoid wasting time and any unnecessary expenses.
#4 Learn as Much as You Can About a Home Before Viewing It In-person
Review All disclosures, e.g.
- Property Seller disclosure
- Homeowner's Association Disclosure
- Community Development District
- Radon Gas
- Lead-Based Paint
#5 Schedule Breaks
By scheduling breaks, you will have time to reflect and figure out if the home you saw is the one for you. It is also good to have a snack and avoid deciding on an empty stomach.
#6 Canvas the Neighborhood
- Look around and check how your future neighbors take care of their homes.
- See if the stores you like are nearby.
#7 Ask Questions While Viewing Each Home
Here are a few questions to ask:
- What is the monthly utility cost for water, electricity, and internet?
- Is the home in a high-risk flood zone?
- Has the owner done any renovations/Updates/Repairs, and are they under warranty?
#8 Rightsizing
- Have a plan for what you will do with your current home.
- Find out what options you have to buy and sell at the same time.
- Ask your real estate agent what market you are in. Is there a high or a low demand for homes?
- Get a market analysis to find out what your current home is worth.
#9 Moving to a Different City
- Research the city and determine what areas interest you based on your lifestyle.
#10 Moving to another state
- Work with a local real estate professional to help guide you with local trends and customs.
- Work with a local lender to avoid issues with the loan approval.
#11 Moving to another country
- Get a consultation with a real estate agent to learn about the home-buying process and ask questions. In some countries, the home doesn't have a fully equipped kitchen. It doesn't even come with cabinets or a kitchen sink.
- Find out the local negotiating style. Depending on what techniques they use to negotiate, you'll be able to get a better deal.
- Ask your agent if you are responsible for their commission.
#12 Moving to an Assisted Living Community
- Figure out what you are going to do with your home.
- Before starting the process, talk to your family.
- Read Our Assisted Living Guide
Thank you!
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