Buying new homes in Riverside CA for the first time is a big deal, so we wanted to share our tips on things that no one tells you about buying a house. These six secrets are going to help you avoid real estate potholes so you can smoothly purchase your first home.
Deal with the Paperwork First
There isn’t any worse feeling than finding your dream home and then seeing someone else buy it because they were better prepared. Home buying includes a lot of paperwork and applications. So make sure that you take your time, in the beginning, to gather all of the required documents and figure out how much you can afford. If you can, try to get pre-approval through a reputable lender before you even go out to look for your new home. By knowing what you can afford, it helps you avoid falling in love with a home that is completely out of your price range.
Find a Hidden Gem
TV renovation shows often trick you into thinking that DIY home renovations are easy to do, but don’t let that fool you. Make sure that when you are home shopping for new homes in Riverside, you focus on whether or not the home has any big issues that may not be able to be easily fixed. Ultimately, you will need to decide if a home meets your needs.
Bring a Person You Trust
Hiring a real estate agent is a great idea, as it is extremely smart to have a professional negotiate on your behalf. They can also help to speed up the buying process if the property you are interested in is a popular one. If you do not want to hire a real estate agent, then try to bring along a parent or friend who has been through buying a home before.
Check for Hidden Costs
If you have done your research, then you would already have heard about the extra costs that come with buying a home—like closing costs and mortgage escrow fees. However, you could face other unexpected costs like earnest money payments and loan processing, appraisal, and surveying fees. You could also have to pay yearly to your neighborhood’s HOA. So make sure that you work these extra costs into your budget.
Do Multiple Home Inspections
Home inspections are a very important part of buying new homes in Riverside Ca, so make sure that they are included as a contingency in your contract. Getting more home inspections than you need is a smart idea, so you can make sure that you cover everything and don’t miss something you didn’t think to get inspected.
Research the Neighborhood
Unfortunately, you are not able to pick and choose who your neighbors are, but you can make sure that you choose a neighborhood that works great for you. Make sure you do your research so that you are able to feel happy about becoming a long-term member of new homes in Riverside CA and its neighborhood.