What to do when you find that perfect home.
Now you have found that perfect home. What do you do next?
What is a reasonable offer? Unless you are very familiar with your area and completely understand how to price an offer on your first home you should rely on your real estate agent for advise. They are working for you and will run comparables and look at the recent sales in the area and help you figure out the price you would want to offer. Next comes the Purchase Agreement what is that? The purchase agreement will set the amount of the offer and will include extra details, such as which appliances stay, who will pay closing costs, and when you can take possession of the home. It will also tell you how much earnest money you will put down for the purchase of the home as a deposit.
Should you include a home inspection in your offer? Yes, you should and most offers are contingent on a home inspection. Your realtor can give you names of inspectors in your area. Home inspectors will give you a detailed summary report of the listing condition of each item and recommend repairs. Be there for part of the inspection and ask questions as you go along. If there are issues seller may adjust sales price or make simple repairs Remember if you are buying a used home everything will not be like new so do not ask for everything. A good thing to remember is if it is a safety issue it needs to be fixed the rest should be negotiable. In the case that there are to many repairs and you cannot negotiate a fix you will get your earnest money back and continue on your house hunting adventure. Yhttp://www.exitrealtyrivertown.com/blog/2016/09/22/tips-on-buying-your-first-home/ou will be happy you spent the money to get the inspection done. Also make sure you make it contingent on financing just in case something changes in your finances or job security.
Enjoy the process, ask lots of questions, take pictures and you will make wonderful memories in your first home.
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