Buying a house is more than purchasing a regular commodity. It is a long term investment which takes up your hard earned money. Thus, it is important to know the many dangerous mistakes of the buying process in order to avoid risks of wasting your finances. As a first time home buyer in Novi MI, it is important to understand the whole flow of the acquisition to see the difference between securing your finances and digging a hole for your debts.
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| Conquest Real Estate offers tips for first time home buyers Novi MI, especially for new construction homes. |
House buying doesn’t need to be a nightmare, says Conquest Real Estate (http://www.ConquestRealEstateGroup.com), and the Michigan based company shares a list of what a first time buyer in Novi MI must do to have their purchase run smoothly:
1. Determine your payment threshold. Buyers may be qualified for more than they are willing to pay, but they should know what amount they are comfortable paying for on a monthly basis.
2. Be pre-approved. Get yourself qualified for the loan.
3. Choose a local mortgage company that is trusted for their brand.
4. Find a real estate agent. Conquest Real Estate knows how hard it is for first time home buyer Novi MI to handle the process alone. It is important to have an expert to back you up on this process.
5. Search in the right places. Many agents can provide websites that will help you see the available homes in a community you like.
6. Inspect the house. Do this personally, and not just ask your agent to do it for you. It is important that you have a clear view of what you are going to buy.
7. Get ready to write your offer. When you have found your dream house (and you are sure it is the one), don’t let it go. Ask your agent to write the offer for you, since they are well-versed with the real estate contracts.
8. Negotiate. Sellers may not accept your initial offer if it is too low for their case. An experienced agent will be able to help resolve this situation so that you can get the most out of it.
9. Get ready to pay for additional expenses. Be sure to save up another chunk of your finances to pay for other costs aside from your down payment on your new real estate property. Ask Conquest Real Estate about the potential charges which can be added in your house buying here at http://www.trulia.com/profile/Conquestrealestate/.
10. Accept the contract. Finally, you can move in to your new home which you can proudly say your own!
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