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Home Buyer Checklist: What You Should Know

Home Buyer Checklist: What You Should Know

Around 67% of Americans are home buyers, which proves that we’re constantly on the hunt for new properties.

As a homeowner, being prepared is essential for landing your dream home and having a stress-free process. But if you’re new to the game, it can feel overwhelming knowing the dos and don’ts. Maybe that’s what brought you here; you’re buying a home and need the advice to help you.

Hit the nail on the head? Luckily; we’ve got the answers. Read this home buyer checklist to help you.

Consider Your Finances

The first step on your home buying checklist is to outline your finances. Be realistic about the type of home you can afford and the neighborhood. It will also determine what mortgages you qualify for, so spend time figuring out what you can afford.

And once you’re ready, use a reputable site like Selling.House to start your search.

Outline Your Wants and Needs

On your new home buyer checklist, know your wants and needs. Decide what your family needs, such as a certain number of rooms or a yard. Although it’s great if you can secure several wants, like an outdoor kitchen, don’t choose a property outside your budget as it could put your finances at risk.

Save for a Down Payment

Next, on your buy home checklist, is saving for a down payment. If you can afford it, set aside 20% of the property’s value to secure your dream home. But don’t worry if that feels impossible, many banks offer low payment options to jumpstart the process.

Gather the Required Paperwork

When you’ve got the finances, every checklist home buyer must gather the right paperwork. Although this will vary between states, make sure you have a government-issued ID, proof of income, and the last two years of bank statements. Also, many sellers will ask for a letter of recommendation from your previous landlord.

Schedule a Home Inspection

Arguably, one of the most important parts of this checklist for home buying is an inspection. Hire an inspector and they will evaluate the property to help find potential issues, such as necessary repairs or electrical faults. If there are huge issues, you can ask the buyer to reduce the asking price.

Drive Through the Neighborhood

When you’ve fallen in love with a house, it’s important to scout out the neighborhood.

Drive by the house in the morning and evening to see if you could imagine yourself living there. You should also check that it’s quiet, especially during the weekends, as that could be a deal-breaker. And if you’re still on the fence, speak with the neighbors to learn more about the community.

Use This Home Buyer Checklist Today

Now, you can use the home buyer checklist before buying your dream home.

There are multiple things to consider, such as your finances and needs. You should also schedule a home inspection and drive through the neighborhood to see if it’s a good fit. Good luck!

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