The Top 4 Tips for Buying a Home in 2016

The Top 4 Tips for Buying a Home in 2016

While the housing market changes all the time, for the most part, the steps to buying a home pretty much remain the same.

The most successful buyers we work with follow a game plan from beginning their search, to getting financing lined up, to negotiating and then closing on their new home.

Here are the smart steps to buying a home in 2016 and beyond.

 

1. Start looking for your home early.

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The early bird gets the home?

“If you’re intending to purchase, based on the volume of house hunters who are just like you, consider doing it sooner rather than later—you’re likely to get a better price and a better mortgage rate,” says Jonathan Smoke from Realtor.com citing “fierce competition among buyers in spring & summer of 2016.” Read the rest

 

 

2. Get preapproved for your home loan.

preapproved home loan

Not only is it important to get preapproved and know how much home you can afford, but you should also comparison shop your mortgage as hard as you shop for your new home.

“Mortgage rates are expected to reach 4.65% by the end of the year (while prices are predicted to rise 3% year over year), but many consumers aren’t aware of the variety in mortgage products that can affect what they pay, Smoke says. Read more…

 

 

3. Get a thorough home inspection

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It is so important that you get a good home inspection from a reliable home inspector and it is important attend the inspection — and ask plenty of questions.

“A good inspector will answer all of your questions thoroughly and will explain what he’s doing and looking at all along the way.” Read more…

 

 

4. Find a really good real estate agent

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Do your research. Don’t hire your cousin who has a real estate license.

“As a home buyer, you do not have to pay a buyer’s agent a commission to represent you, the seller of the home pays both commissions to the buying and selling agents.

With that in mind, does it not make sense that an experienced real estate team made up of 3 to 5 agents will do a better and more thorough job representing you, versus just a solo agent?” say Mark Gunning an agent with West USA Realty. Read the rest…

 

In closing, now is one of the best times to purchase a home in the last 20 or so years. Interest rates remain at an all-time low, but will be increasing soon.

Be smart and only buy what you can afford.

Be part of every step of the home buying process and pay attention.

Work with and hire the best people you can.

We would love to be on your short list of agents to be interviewed.

Good luck!

Mark Gunning
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Mark Gunning

Real Estate Agent at West USA Realty
Hello my name is Mark Gunning and I have assembled a team that's only focus is on giving exemplary service to each and every person we work with.

With over 75+ years of real estate experience as a team (starting back in 1978), we are prepared when you are ready to buy or sell a home.

Having access to a network of trusted contractors, inspectors, Mortgage Lenders, insurance agents, title companies, home stagers and even movers, we will make your real estate transaction even more effortless than you could have imagined.
Mark Gunning
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About The Author

Mark Gunning

Hello my name is Mark Gunning and I have assembled a team that's only focus is on giving exemplary service to each and every person we work with. With over 75+ years of real estate experience as a team (starting back in 1978), we are prepared when you are ready to buy or sell a home. Having access to a network of trusted contractors, inspectors, Mortgage Lenders, insurance agents, title companies, home stagers and even movers, we will make your real estate transaction even more effortless than you could have imagined.