I don’t know about you, but around our neighborhood, there are “FOR SALE” signs everywhere! Apparently, this real estate market is hot right now. And we’ve heard it all when it comes to why people are moving… “We’re looking to upgrade” or “These taxes are ridiculous” or “We’re trying to escape our neighbors” (can anyone relate?) or my personal favorite “I’m hightailing it out of PA and heading to the beach!”. Whatever the reason, we thought it might be helpful to give some advice on what you need to know when beginning the exciting adventure of home buying.
- Know the hidden costs – If you buy a home for $200,000, it’ll never just cost you $200,000. There are fees out the wazoo – you have to pay the realtor, the title fees, the transfer taxes, the inspection fees….shall I go on? Our point is, it costs a pretty penny to buy your home sweet home. You’ll need fewer antacids if you go into the process knowing this.
- NEVER skip an inspection – This isn’t like “Never eat ice cream from the carton”. This is a real serious NEVER. There are things that show up on inspections that you could never pick up from a quick walk-through at an open house. A home inspection can save you from being financially ruined for the foreseeable future.
- Have things been updated? If you’ve found the home of your dreams, there are 4 categories of the home you want to be sure to know the details on, especially when it comes to insurance – the roof, the heating & cooling, the electric and the plumbing. You’ll specifically want to know the age and type of these systems. We’ll be asking you for these details when taking the information for your homeowner’s insurance, so be sure to have that information ready.
- Don’t fall in love at first sight – Much like relationships, falling in love at first sight doesn’t always work out. If you go on a first date, should you get married right after? Probably not. If you walk through an open house, and you love the home, let it marinade for awhile before taking the plunge. You want to make sure the honeymoon phase of your home ownership lasts for years to come.
Looking for more tips? Check out the real estate wizards at Zillow for videos, articles and tools to help you through the home buying process. Don’t forget to call us when you’ve found your new home. We’ll get the quote process going so we can start “Protecting YOUR American Dream“. Happy house hunting!