Factors to Consider in Buying a Home.
Buying a home is one of the biggest decisions you will ever make in your life which is why you do not want to get it wrong. However, given how a big deal it is, you need to do your research well before moving forward to avoid making a mistake. If you are not going to pay cash for the house, you ought to make sure that you do all the right things to show the financial institutions that you are worthy of getting a loan. Even if you have a lot of money, you need to avoid moving it a lot at least for 6 months before you apply for the loan. The lender, as well as the seller, want assurance that you can keep your money in the account for some time because they do not want to sell a house to you then clear your bank account the next day.
Go through the loan application process and get approved before you make the decision to buy a house. Do not get confused about having a good credit score and getting the feedback that you are pre-qualified for a loan because this is not an assurance that you will get the loan after all. When you have a loan pre-approval, the lender will have already done a background check on your finances and determined that you can get a certain amount of money in a loan. You will not be disappointed because at the back of your mind you will know what you can afford and what you cannot.
You need also to do a thorough survey of the property you will be purchasing so that you do not get into disputes and Google is a great place to start. It is worth noting that you need to work with professionals in establishing the history of the land as far as the border issues are concerned and a land surveyor will be a great asset and Seattle real estate can guide you. There may be a lot of sacrifices in terms of time and expenses but this is not a big deal compared to a lifetime of court battles. You cannot have heard of cases of injuries and deaths which stem from disagreements related to disputes over land borders.
It is true that there may be a time when prime land goes at low rates but waiting for this time is not the best thing for you if you are looking to buy just one home. You might be caught up in that to take a pass on a home that would have been great for you. Also, unless going remote is your deal breaker, do not forgo small homes in great places in favor of big ones in a not-so-good place.
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