Tips To Get You Ready To Buy A Home

Getting ready to buy a home is one of the most exciting times in life. The purchase of a home is one of the biggest financial decisions that you will ever make in your lifetime. When you make the decision to buy a home. There are a few key things that you need to do to be prepared for the process of a property purchase. It can be simple if you have the right preparation and knowledge.

Find The Right Realtor

A good realtor will steer you in the right direction when it comes to finding the home of your dreams. Your real estate agent also will help you each step of the way on the road to buying that home. There’s a lot of paperwork that must be done in a timely manner throughout the buying process. The right realtor can even help you to get the offer in for the right home in on time. In a competitive market, having a realtor who is on top of things can mean the difference between purchasing the home you want and letting it fall through the cracks.

Know That You’re Signing A Lot Of Legal Paperwork

The purchase of a home does involve a contract. If you need more time for anything such as reviewing your home inspection or waving certain contingencies, you’ll need to state that. Every piece of the transaction is important and needs to be formally processed when it comes to purchasing a home. Your realtor will be there to help you through all of these complicated processes. 

Think Of The Future

When you’re choosing a home, you’re not just buying for your life as it stands right now. Are you hoping to have a big family? Do you need a home office? How much entertaining are you planning on doing? All of these things are important when it comes to the type of home that you’ll buy. If you don’t plan for the future, you’ll outgrow the home that you’re in quite quickly. 

Look For Potential

See what potential the homes that you’re looking at have for you. Some homes may have major cosmetic issues that can easily be fixed. Perhaps The walls just need some fresh coast of paint. Maybe the deck needs to be stained. If you go into the house search with an open mind, it will be a lot easier for you to find the right home. You don’t need a home that is absolutely move-in-ready unless of course, you’re building a brand new home from scratch.

Know Your Finances

One of the most important things about buying a home is knowing your finances. Don’t buy a home that you can‘t afford. From looking at your own budget to getting pre-approved, you’ll be able to have a better understanding of your own financial situation and how much house you can afford.

Have You Considered Moving Insurance?

You pack all of your belongings in a truck and hope for the best but even with the most careful movers, accidents can happen. Did you know that typical moving insurance barely covers your prized possessions in cause of a problem.

Typical moving insurance pays about 60 cents per pound for damaged goods. So if you have a $1,000 item that only weighs 10 pounds you will get a whopping $60 back.

To make up the gap you should consider purchasing moving insurance. There are several options for you to choose from:

Full value insurance

Full value insurance is the most expensive insurance because it covers your whole shipment. If anything is lost, damaged or destroyed, the movers can either offer to repair the item, reimburse you with cash or replace it with a similar item. Check the policy to see if there are coverage limits on certain items.

Released value insurance

Released value insurance is the most typical type of insurance. It usually covers goods for 60 cents per pound.  Released value insurance is usually offered at little to no cost to you. make sure to check your moving contract, some exclude coverage if you pack your own boxes.

Third-party insurance

If you choose the mover’s released value option, you may want to opt for additional insurance  from a third-party. Under this type of coverage your mover would be liable for 60 cents per pound of damaged goods and the insurance company would pay any of the remaining costs.

As with any contract make sure to read the coverage thoroughly so you can make an educated decision about what type of coverage you will have for your move.