Saturday, December 31, 2016

Moving costs can vary based on volume, distance and whether you hire a professional mover. Have wiggle room in your budget to cover the cost. Protect yourself Make your offer conditional on mortgage financing, a home inspection, the sale of your existing home, and/or other factors that are important to you. These conditions provide you important protection as a buyer. Check what’s inside the walls Ask your real estate professional to look into the age and condition of the home’s systems, such as the plumbing and electrical. Find out if proper permits were pulled for any renovations. Consider a home inspection to further examine the home and don’t hesitate to ask questions. Be specific Make your offer as detailed as possible. Outline what will be included with the sale (e.g., appliances and light fixtures) and be clear if certain renovations need to be completed, based on the home inspection. Plan ahead If you encounter a bidding war, enter with a strategy. Set ground rules in advance about what you want from a home, what you’re willing to spend and what conditions must be met. Once your rules are set, stick to them. Competing offers It can be tempting to waive your conditions, such as a home inspection. Think twice before doing this. Expect the unexpected Does your closing date on your new home align with when you need to move out of your existing home? Have a contingency plan in place in case the dates don’t match up. Above all, working with a registered real estate professional will help you navigate the many steps and decisions involved in the home buying process.

Posted at 08:35 PM