Buying a home has been considered to be a part of the “American Dream” for many generations and it still is in 2013 thanks to historically low mortgage interest rates combined with low home prices in Orange County that make home buying something that many people are thinking about right now.
In the third part, of this series, of our tips for home buyers, we’re going to cover important tips that home buyers need to know during the process of buying a home for the first time or the second time if they are an experienced home buyer.
Find A Qualified Real Estate Agent
Besides doing important things like checking your credit, finding all of your important financial documents and getting pre-qualified for a mortgage loan, the next important step in the Home Buying process is to hire a qualified Realtor.
During the process of searching for a Realtor you not only be searching for a Real Estate agent who is experienced with buying and selling homes in your local area but also someone that you would feel comfortable with sitting down and having a cup-of-coffee with.
Feeling comfortable with your Realtor is one of the keys to success with the home buying process. You want to have confidence that your Realtor will listen to what you tell them and find the best home that meets all of your requirements like: price, location, area, bedrooms and bathrooms.
Connect With A Real Estate Attorney
After hiring a Realtor you should hire your own Real Estate Attorney. This is another important part to the home buying process because, you’re going to need a Realtor to draft the documents that you will need and insure that your rights are best represented.
You Found A Home, Now What?
After hiring a Realtor and a Real Estate Attorney, you should make sure you get an appraisal of the home that you’re interested in purchasing because, this will help to determine what the real market value of the home is and your lender will need this information because, it will help them to determine the total amount of your Mortgage Loan.
After having the appraisal, you should schedule an inspection of the home that you’re interested in buying, be prepared to submit a fair offer on the home and purchase homeowners insurance
once your offer has been approved.
To learn more great home buying tips or to view the latest Orange County Homes For Sale, contact Fred Sed & Associates today by calling (949) 272-0125.