If you are considering a move, there are multiple steps you need to take to ensure the entire process goes as smoothly as possible. There will be the inevitable bump in the road, but when you put in the time to prepare for what comes next, it matters. While this short list does not include everything you might expect on a house-hunting list, it offers a few important tips that you need to know.
Search for the Right Loan
Finding the right home loan for your unique needs and financial situation is essential. You want to work with a lender who will listen when you talk, answer your questions, and guide you through the process from start to finish.
There is an abundance of loan types available, but one will be right for you. For example, a VA jumbo loan might be the ideal financial solution if you are currently serving in the military or are a military veteran. This type of loan is well-suited for a home buyer who wants to avoid paying PMI or property mortgage insurance but is looking for a larger loan than a traditional VA loan will cover.
You Should Feel Comfortable with Your Realtor
Throughout the house hunting process, there will be one person by your side the entire time, other than your partner (if you have one), of course. That person is your realtor. Even if you have bought and sold a few homes in the past, every homebuying experience is a new one. With changing laws regarding realtors and property that may vary from state to state, you need someone with expertise to advise you along the way. They are the experts in this field, after all.
Start looking for a realtor online. Search for reviews and read them carefully. Not everyone will be happy with their realtor, and the reviews may reflect that. You want someone who has been in the business long enough to understand the nuances, has good reviews, and will be attentive to your needs. A big red flag will arise if they consistently push you to use their vendors for inspections and repairs, etc.
Always Hire a Licensed Inspector
You should always have an inspection conducted on any home you are interested in putting an offer on, even new construction. Only hire a licensed inspector that you can fully vet online. Be sure to ask for their business license and verify that it is current.
Watch this video from a professional home inspector on things you need to be aware of when hiring and working with a home inspector.
It is important to note that two relationships were stressed in this article: your loan vendor and your realtor. They are both integral to the homebuying process. It is vital to establish a good rapport with each entity and individual to ensure you can go to them with questions and feel confident in the support they provide. You want your next home to be great, but you need the process to be functional to get to that point.
