7 Smart Buying Tips from Top Realtor Companies

If you’re considering buying a home, you could use some smart tips from top realtor companies. In addition to helping you get a better rate, these tips can make the entire purchasing process easier and less stressful for you. Read on to learn more.

Smart Buying Made Simple: 7 Buying Tips from Realtor Companies

1. Don’t make large purchases before applying for a mortgage

If you need a new car or want to finance a new furniture set, wait until after you’ve purchased your home. Applying for credit affects your credit score, and it’s best to avoid taking out a loan for at least six months before you purchase a new home.

2. Always get pre-approved

The housing market is competitive, and good places go quickly. Because of this, it’s important to get pre-approved before you start looking. Realtor companies report that this makes it easier to snap up the home you love and lessens the chance that you’ll be outbid by someone who is already approved.

3. Invest in a property survey

A property survey can save you messy legal conflicts and prevent you from (accidentally) building a fence on your neighbor’s property down the road. Invest in one when you purchase the home to make owning it easier in the years to come.

4. Don’t buy the biggest house you can afford

Many buyers romanticize large homes. Unfortunately, large homes are harder to maintain and more difficult to clean. Because of this, it’s important to buy the size home you need – not the biggest one you can afford.

5. Buy when the time is right for you

It’s not uncommon for buyers to become obsessed by the housing market, waiting to purchase until the time is exactly right. Unfortunately, this may well cost you the perfect home. Instead, buy a home when you have the funds and you find one that works for you. While you could potentially save a few thousand bucks by waiting, few people think this is worth it.

6. Be aware of additional expenses

Buying a home is more than just a mortgage payment – it also includes taxes, insurance, homeowner association expenses, and utilities. Be aware of these things while you calculate your budget.

7. Hire a home inspector before you sign anything

Before you put pen to paper, have a home inspector evaluate the property. This will help ensure you get a great deal and save you from unseen costs down the road.

A little expert help never hurt anyone, and these seven buying tips from the top realtor companies in the industry can help you purchase smarter, every time.