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New Home Buying Tips
Whether this is your first home purchase or you've already been through the process once or twice, the process of buying a new home can be somewhat intimidating. To minimize stress and protect yourself, keep these helpful new home buying tips in mind:
- Prepare a Home Inventory. Moving can be a great time to prepare a home inventory. Because – either while you're packing or unpacking – you will handle each of your possessions, it's a convenient time to make a written record of your belongings. Get more detailed information and tips about home owners insurance here.
- Know What to Expect from a Home Inspection. Before you close on your new home, a home inspector will take a detailed look at the property. You can expect him or her to examine and report on your new home's grounds, exterior, roof, fireplace, foundation, basement/crawlspace/slab, electrical system, heating/cooling system, plumbing, interior spaces, and appliances. Take a look at this new home inspection checklist for more details.
- Educate Yourself before the Closing. Before you sign anything, familiarize yourself with the closing documents and other paperwork. To protect yourself, read the seven purchase contract tips you should know.
If you're a first time homebuyer, don't make a common first-timer's mistake! Read the ten most important things you need to know in our article " Tips for First Time Homebuyers."
Feeling overwhelmed? Consider hiring a real estate agent to be your representative. Why should you have a realtor? Whereas the listing agent's primary duty is to the seller, a buyer's representative works only for you. Having a real estate agent on your side can help you navigate the process, offering helpful advice and tips for buying a home at every step of the way.
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