If you are in the market to buy a new home, you have probably been drawn to it by its curb appeal. You may have driven by the home at several different times, so you are familiar with the street’s traffic flow. If you are a parent, you have probably checked out the local schools. Before you attend your home’s closing, there are several professionals that you need to consult.
Real Estate Agent
A real estate agent is an important asset to finding your dream home. Whether you’re interested in renting or buying real estate in La Jolla or in Santa Monica, the experienced realtors at Berkshire Hathaway will help you find the area best suited to your needs.
You should never buy a home until you have a home inspection done. Their report will show you what repairs to the home need to be done immediately and what repairs may need to be done over time. The inspector will look for problems in the home like carbon monoxide, mold, and radon. It will also help determine if the home is up to local codes. The report presents the buyer an opportunity to walk away or ask the seller to make costly repairs. People usually fall in love with a home for emotional reasons, but a home inspection can serve as a harsh look at reality.
Unless you can pay the total purchase price for a home in cash, you should consult a mortgage broker. There are hundreds of ways that a home can be financed including money from the United States Department of Housing and Urban Development, the United States Housing Administration, the United States Department of Veterans Affairs and the United States Department of Agriculture. There may also be state and local incentives. The mortgage broker can put it all together allowing you to finance the home of your dreams, and he can often save you thousands of dollars in interest and prime mortgage insurance.
Buying a home can have large tax implications, so you want to discuss options with your tax accountant before closing on a home. Building a dedicated home office can help you save on your tax bill. Moving to a new location can help you save on taxes. Depreciation on the property may save you money. In some situations, closing costs and property taxes are both deductibles. Since each situation is unique, talking to a tax accountant can often help save you hundreds when it comes time to pay your taxes.
Buying a home involves a lot of legal paperwork, so you need to hire a lawyer to make sure that each step is completed properly. Despite the stereotype, there are good lawyers out there too. If a contingency is needed, then the lawyer can make sure it is written so that it is legally binding. A lawyer will find any liens on the property and ensure that they are taken care of properly. They will also make sure that the correct paperwork is filed.
Buying a home should be based on more than its curb appeal. When you work with these professionals, you are assured that your best interests are being looked after.
This is a featured post by site supporter Anne Davis
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