Buying a home can be a fun and rewarding experience if you approach it correctly. Here is a brief overview of how to approach buying a home correctly so you do the very best for yourself –
Mortgage
- Only a mortgage banker – not a broker
- Get pre-approved – not pre-qualified
- Don’t shop rates – it can mislead you
- Get a closing cost worksheet
Know the Home Buying Process
Learn everything that happens & when, this is the key to being fully prepared
Locations
- Consider the ambiance, the style of a town
- Check out the commute, schools & town services
- Check out your needs – shopping, hospital nearby? Etc.
The Inventory
- Learn what’s out there in your price range
- Discover the style & features you need & like
- Understand how the market is trending
The Right Professionals
- Attorney – Licensed in NJ required – use a good local attorney
- Banker
- Will give you a closing cost worksheet
- Will teach you the mortgage/closing process
- Will spend the time it takes to give you financing options
- Home Inspector
- Must be licensed in NJ to perform a home inspection
- Always do structure, pest, radon & tank sweep inspections
- Do more inspections as you are advised & you wish
- Realtor – Only a full time professional
