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Buying a Home? Here’s what you Need to Know Main Photo

Buying a Home? Here’s what you Need to Know

Posted: October 15, 2019 by Alan Tucker

Anytime you’re looking to purchase a home—whether it’s your first or you’re an experienced homebuyer—there are some crucial pieces of knowledge that you need to have! First and foremost, understand the importance of your credit score and why you’ll need it. Second, hire an agent to represent you—agents are experts in their field for a reason and you’ll want to have one to make use of their knowledge! Lastly, get the home inspected before you buy; the last thing you want is to find the perfect home and end up being stuck with more than you bargained for!

 Know your Credit Score

Your credit score is important for a number of reasons, and buying a home is certainly one of those reasons! Your credit score will determine your ability to get a loan, and this is crucial in financing your home and will go a long way in determining what you can and can’t afford to buy! In addition, a higher credit score means a lower interest rate on your loan. In the long run, a good credit score will end up saving you tens of thousands of dollars over the life of your loan!

Hire an Agent

Real estate agents are experts in their field for a reason, and you should be using one when looking to purchase a home! In addition, get an agent that has a good reputation and knows the area in which you want to live! While you may feel comfortable and/or confident in your ability to find a home that’s right for you, it takes true expertise to of the real estate field to find what you want!

Don’t Forget the Inspection

Perhaps the most crucial part of buying a home is getting it inspected! A home may seem like it’s the perfect fit for what you want, but you have no idea what sort of issues may be lurking below the surface. It’s also important to note that we’re not implying that a buyer would want to keep anything from you—not all issues are immediately evident in a home. For example, an inspector may find an issue with the foundation of the home that you’re interested in, or may determine that some of the wiring in the home is faulty. There’s no guarantee that an inspection will turn up any issues, let alone one that’s major, but it’s always good to be safe rather than sorry. After all, purchasing a home is likely to be one of largest investments that you’ll ever make, so why risk making the wrong decision?

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