Even if you have just stepped through the door of your ideal dream home, it is important that you not commit to purchasing it unless or until you complete these three important tasks.
- Have the Home Inspected. It’s easy to fall in love with a home that fits your ideal parameters in terms of square footage, outdoor space, and amenities. This is particularly the case if it has a fresh coat of paint and / or the seller has staged it so that it appears to be move-in ready. However, beyond the cosmetics, there could be some major (and potentially costly) issues with the roof, foundation, or other key areas of the property. One of the best ways to spot these issues is to have the home inspected by a professional, and to make the sale contingent upon it passing – or having the seller make the necessary repairs. In some cases, the defects could be enough to make the deal fall through. But, as disappointing as that may be, it is much better to know about these issues upfront than to find out later and have to make (and pay) for the repairs yourself.
- Be mindful of the due dates and deadlines on the contract. Real estate purchase contracts can be long and loaded with a plethora of small print. But within that print, there are typically some due dates that you must be mindful of as you go through the process. For instance, it is necessary for you, the buyer, to obtain loan approval by a certain date. Likewise, inspections must also be performed within a certain time frame. Not abiding to these due dates could end up voiding the contract.
- Work with a reputable mortgage lender. Most people must borrow at least some amount of money to purchase a home – and even if you have purchased properties in the past, the borrowing process can sometimes be intimidating. That’s why it is important to choose a lender that not only offers several financing options, but that will also work with you on answering questions and concerns that you have throughout the entire time from application to the official closing.
If you’re ready to start looking for your next home in the Bakersfield or Ventura County area, give us a call and we’ll help you through the entire transaction.