Acquiring a home for you and your family can be very daunting task, but making it simple is not as hard as it sounds. There are easy to follow and simple steps to buying a house that will suit you and your family’s needs and taste. Buying something as big and expensive as a house is never an easy thing to do especially when you’re on a tight budget and require money for other needs.
Hiring somebody to do all the searching and canvassing would cost you extra. So it’s best if you do it on your own. The process would give you a better perspective on what kind of home you can afford. If, on the other hand you got the juice to pay real estate professionals to do all the work for you then there is absolutely nothing with it as well. Here’s an overview of the whole process, if it’s your first time to buy a house.
10. Consider the Price You Can Afford
Paying more than what you can afford is the worst thing you could possibly do in buying a house. (And why would you even dare?) It is very important to control and manage your money and set a boundary on how much you are willing to pay for your house. If you are getting a house on a loan, it is best to consider the monthly payment you can shell out. Always remember that your monthly wage covers all your expenses. Having a house of your own means that your monthly budget for basic needs will even be bigger.
9. Settle on the Property Assets
Living in luxury is not a bad thing but you have to consider whether you have the means to live as such. One of the most important things to consider in buying a house is deciding on the facilities that fully accommodates your needs. A good example is determining the number of rooms that you need. At the outset, you also have to decide whether you can afford a swimming pool. There’s no question that you want it; who doesn’t? (And you have to factor in the pool boy as well.)
8. Searching for the House
After determining the characteristics of your ideal house and its main features, it’s time to consider where it should be. The house you are supposed to live in should be close to work, or to the school your kids go to. Everyone wants to live in a safe and peaceful neighborhood where it is good to raise a family. Searching online or in the newspaper is good but an ocular inspection is definitely better.
7. Set an appointment with the owner for a visit
Contacting the property owner should be done only after you and the family has decided that you are really interested in buying the property. This is a common courtesy for both parties since both are busy with many things. Make sure you set that meeting all proper and make a good first impression.
6. Handling the Negotiations
Brining your lawyer to handle the negotiations is a good idea. If it is not possible, you’d better have the skills on talking the seller to accept the terms that will be to your benefit. It is also important to stick to your guns. No matter how intimidating he or she can be, don’t get pushed or bullied. Face the battlefield ready and armed, and amass the rewards of productive negotiations afterwards.
5. Get the property evaluated
After talking with the owner, directing all your concerns, and knowing all that is needed about the property, it is now time to have it appraised. Asking a qualified real estate surveyor is really helpful since you will get an idea on what the property really costs. You will also know a lot more about the property that the owner might have intended.
4. Time to put a price on the house
After knowing about the going rate of the house from the real estate surveyor, it is now time to make an offer. You have to remember that you have already made up your mind on the budget you are willing to shell-out for a house. If the house is within the range of your budget then do not hesitate at all. If your prices are too far away from the ball park then it’s time to leave that particular table and look for another one.
3. Go to a Notary and push through with the purchase
Having agreed on the price, it is time to go to a Notary with the seller and do the necessary paperwork. This legal course of action involves transfer of the title of the property to the buyer. And this important step makes the purchase final and executory. Once the title and transfers had been signed, it is now safe to pay the seller with the money you’ve worked hard to save for your dream home.
2. Hire a Moving Truck
Getting a moving truck to transfer all your things would be much efficient than loading everything that you own one by one into a car or any small vehicle. Trucks have a huge capacity and are better suited for carrying things from a distance. Make sure that you survey the moving services in your area and trust only your property to a firm that will do a careful job.
1. Settling in and getting comfy
But wait; it is not yet time to relax. Unpacking the boxes and putting all your things back to order still needs to be done. Since you are in a new house, you have to figure out where to put your things. Hiring an interior decorator can be done if you have the dough, you could save more money just doing it on your own. After putting everything in order it’s time to hit the couch and relax.
These simple steps will help you end up with the house you have always dreamed of having. It takes a lot of work but the end result will be truly worth all the effort.