Factors to Consider in Buying a Home.
Buying a home is one of the biggest decisions you will ever make in your life which is why you do not want to get it wrong. Because it is a big decision, you will need to have facts so that you can make the right call. If you are not going to pay cash for the house, you ought to make sure that you do all the right things to show the financial institutions that you are worthy of getting a loan. Even if you have a lot of money, you need to avoid moving it a lot at least for 6 months before you apply for the loan. The lender, as well as the seller, want assurance that you can keep your money in the account for some time because they do not want to sell a house to you then clear your bank account the next day.
It is very crucial that you make a decision on the property to buy after your loan has been approved. Do not get confused about having a good credit score and getting the feedback that you are pre-qualified for a loan because this is not an assurance that you will get the loan after all. The great thing about pre-approval of loan is that you will already have information on what the lender thinks about your creditworthiness and the definite amount you can get from them should you want a loan. You will not be disappointed because at the back of your mind you will know what you can afford and what you cannot.
Border disputes are something you do not want to get sucked into which is why you need to make sure the survey information you have concerning the property you want to buy does not have a history of disputes. It is worth noting that you need to work with professionals in establishing the history of the land as far as the border issues are concerned and a land surveyor will be a great asset and Seattle real estate can guide you. This may take you a long time as well as some money but it is worth it given the alternative is spending a lot of time battling with neighbors on where the property borders are.People kill each other over border disputes and it is not something you should live to chance.
Land deals come up from time to time but this is not something you should be relying on to decide on what property to buy especially if you are looking to buy a residential property because the competition is high. You might be caught up in that to take a pass on a home that would have been great for you. Also, the size is not always a matter as the location because it is better to get a small home in a safe and developed neighborhood than a big one in an unsafe and remote area.
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