Drama-Free Home BuyingBuying a home is a life-changing event, so it's easy to get caught up in all the drama. Minimize the stress of home buying with these 10 action steps, strategies & insider secrets, from real estate expert Tara-Nicholle Nelson.
10 Review your closing papers.
9 Consider the contingencies.
8 Master the house hunt.
7 Avoid buying a lemon.
6 Make the perfect offer.
5 Get the right Realtor.
4 Avoid surprises during escrow.
3 Manage your mindset.
2 Know what to expect.
1 Get the timing right.
The home inspection reveals some nasty surprises.
Unexpected termite damage is bad, relative to your threshold for doing repairs, but you can still save the deal.
Your home loan falls through during escrow.
This can happen, especially in today's market with lending guidelines constantly changing. Take a breath, focus and act quickly.
You get outbid for the house you want.
Well-maintained, competitively priced homes in desirable neighborhoods will spark bidding wars. Be prepared.
"I want to buy a foreclosure."
A distressed home doesn't always mean "bargain." The property may need work, and the buying process is more complex.
"My partner and I can't agree on buying a fixer-upper."
DIY homes involve more time and money than most people think. And it may not be worth the price.
"I'm overwhelmed by the commitment of homeownership."
Monthly mortgage. Repairs. Taxes. Insurance. It can be a lot for a first-time homebuyer to handle.
"I lost my job while in escrow."
Losing a source of income affects whether you still qualify for the mortgage. Your contingencies should buy you some review time.
http://www.frontdoor.com/buy/Drama-Free-Real-Estate-Guide-Tips-and-Advice-for-Savvy-Home-Buying-Selling-and-Financing-Without-the-Stress/55032
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