Buying a home is an exciting time in a person’s life, and it plunges them headfirst into a world of yard work, interior decorating, and added responsibilities. However, it doesn’t have to be all drudgery. With these tips, buyers can avoid the pitfalls of buying Homes For Sale in Florence KY.
Tackle the Paperwork First
There’s nothing worse than finding the perfect home and watching it go to a better-prepared buyer. The home purchase process involves a mountain of paperwork including everything from tax returns to insurance applications. Take time to gather the necessary documents, decide what’s affordable, and get pre-approved for financing before starting the search for a new home.
Tread Lightly With Fixer-Uppers
Don’t let those home renovation TV shows make whole-home re-dos seem cheap, fast, and easy. When looking at homes for sale, it’s okay to see their potential, but it’s equally vital to find hidden issues before buying. It’s a matter of determining whether the home will meet the family’s needs and budget.
Bring a Trusted Helper
It’s usually a good idea to bring along a real estate agent, as they can negotiate on the client’s behalf. If a buyer decides not to hire an agent, they should at least bring along an experienced home buyer. A seasoned eye may see less-obvious problems, and a veteran negotiator can be a great help at during the closing process.
Look Out for Hidden Fees
By this time, a buyer has likely heard of the additional costs of buying a home, such as escrow fees and closing costs. However, there are unexpected costs, such as appraisal fees, earnest money, and yearly HOA dues. Be sure to budget for these costs, so there are no surprises.
Look at the Whole Neighborhood
Are other properties well-maintained? If the property is a condo, what’s the renter to owner ratio? Unfortunately, buyers have little control over their neighbors, and it’s difficult to pick up and move when things get inconvenient or difficult. When looking at Homes For Sale in Florence KY, it pays to do some research. Call the Real Estate Group for help, service, and advice.