6 tips for the home buyer
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     Are you ready to buy a house but don’t know about the pitfalls and traps you can get caught in? Not sure which direction to go, what house to look at, which lender to pick? There are many things to consider and a considerable amount of money at stake so you're going to want to make the best decisions you can possibly make. Here are some tips on picking a realtor and purchasing your perfect home.

  • Do not: Do not buy from a Realtor that has a dual listing. It it virtually impossible to represent the buyer and seller. A conflict of interest is going to arise at one point or another, don't let it be you that it happens too.

  • Third party: Make sure you have a third party inspection, get the house inspected by someone who has no stake in whether or not you buy the house. That way you will get the most honest assesment of the house you are interested in. 

  • Natural hazards: Make sure you get a natural hazards disclosure and radon testing depending on where you live. You want to find out at much history about the house as possible, avoiding the pitfalls of moving into a radiated house or one otherwise contaminated. You don't want to wake up in the middle of the night glowing from radiation exposure or having massive headaches from the wind turbines out back.

  • Moldy: If there is mold or mildew on the outside of a house it can penetrate a be a mold situation so don't let anyone say "it's just on the outside". Mold can cause a lot of different health problems and cause permanent damage to your lungs so be careful. You can pick another house but you cant pick another set of lungs.

  • Pre-approved: Make certain that you are pre-approved (you have been judged credit worthy for a mortgage) for your loan before making an offer. Do your due diligence so you know you can afford the home. Pre-qualified is meaningless, as it is just a process where a loans officer makes a tentative assessment of your credit worthiness. A pre-approved offer will take precedence over a pre-qualified offer and you will have a better chance at getting the house you want.

  • Lenders: Go through the loan process with at least two lenders, they can vary and especially if it's an in house lender. This is a great way to get the best rate possible and can save you a lot of money over the years. Competition is the best incentive to get the best price possible.

     Buying a house is probably the most important decision you are going to make in your life and can have ramifications for years to come. You want to make the best decision possible and that requires information. Ask around and do your research, just don’t choose the first realtor and the first house you come across. Yes buying a house is stressful and you might want to get it over with as soon as possible so you can settle down, but patience here is at a premium. Find out everything you can. Is the house on old industrial land? Has anyone every died there? Do you think the house is haunted?(you never know). Knowledge is indeed power, and with time and research you can get yourself the best home possible! So good luck and enjoy your new home!

Home Buying Kit For Dummies
Amazon Price: $29.99 $9.99 Buy Now
(price as of Mar 28, 2016)