Buying a home can be a fun, exciting, satisfying experience. If you prepare yourself for this experience with as much thought and careful consideration as you would to getting married, you are on the right track. This requires thinking about the pros and cons…especially the cons. I would much prefer to have someone gripe to me that renting has been a waste of money than to tell me they are losing their house to foreclosure and ruining their credit.
These are some of the issues to consider as you get ready to make your purchase decision.
- Buy or Rent
- Market Conditions
- Getting Pre-Qualified
- Working with a Buyer’s Agent
- Searching for Property
- Making An Offer (see also contingencies)
- Negotiations and Counter-Offers
Once you are involved in a transaction the issues change, but the need to pay close attention to what is happening continues. Here are some topics that we will cover in our Transaction Guide.
- Due Diligence – Satisfying Contingencies
- Preliminary Title Report
- Extensions and Addendums
- Utilities and Locks
- Taking Possession