As your buying a new home guide is likely to tell you, there are several benefits of living in a community where you feel like you can really settle down and start a life. There are several benefits of buying a new home, which include the convenience it offers and the lower cost. If these advantages of buying a new home sound appealing, here’s a buying a new home checklist to help you get on your way to new home ownership.
First up on our buying a new home checklist is how to negotiate a deal with the sellers. You want to bid smartly by offering an amount just a bit lower than their asking price. You should also be up front about any extras, like curtains and light fixtures that you want in the house. If you can be flexible on your move in date, then you can use that to your advantage in negotiations.
Obtaining a Mortgage.
Next on our buying a new home checklist is how to obtain a mortgage. Firstly, you should ask for referrals from friends, family, real estate agents or loan officers. Local credit unions also have lower rates if you qualify for membership. You also need to calculate your down payment, which is at least 20% of the purchase price before closing costs. While looking for a mortgage, you should get quotes from at least three lenders to get the best interest rate.
Lastly on our buying a new home checklist is how to close the deal. You may want to consider hiring an attorney if your situation is complicated or if you’re buying a foreclosure. About 30 to 45 days before your close, you’ll want to lock in your interest rates. Then, obtain a detailed list of closing costs from the lender, which could include such fees as title services, and transfer taxes. This list may also include bogus fees that can be removed form the bill.
So long as you follow the steps on this buying a new home checklist, you’ll be in great shape! If you have any questions about the points of this buying a new home checklist, feel free to ask in the comments. Find out more at this site.