Buying a Home: Why You Need a Real Estate Attorney

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Buying a Home: Why You Need a Real Estate Attorney

When I bought my first home, I basically signed whatever was placed in front of me. The idea of becoming a homeowner overshadowed any concerns that I might have. Besides, the agent seemed to know just what needed to be done. It was only later that I learned there was some confusion about the location of the property lines. Two years and several thousand dollars later, I finally got things straightened out. When I bought my second home, you can bet that I had a real estate attorney by my side. Everything was checked and double-checked before I signed anything If you are thinking about buying a home, take nothing for granted. Let me tell you more about my experience and why you need your own legal counsel. In the long run, you'll save a lot of time and trouble.

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Tips To Help Your Real Estate Purchase Go More Smoothly

When you are looking to buy a house, you want to find a good deal on one that you can get all the features you want in. Although who you know in real estate is a way to help you get a great home, what you know to do in the transaction can also improve your experience. Here are some tips you can add to your next real estate purchase to help the transaction go more smoothly and successfully.

Look For a Flexible Seller

When you are searching for a house to buy, you will look at a variety of different homes with different features and floor plans. You will also come across various sellers with different situations, and some of them may be more flexible in their sales terms than others. For example, if you don't have the best credit to get a low-rate mortgage, you can search for a seller who is flexible in their situation to be able to offer you seller financing. This allows you to buy the home from them while making payments to them each month instead of to a mortgage company. 

You can also search to find a seller who is willing to throw in the home's fridge, washer, and dryer into the sale to provide you with the appliances when you may not already own them. This transaction can be negotiated into the purchase and written into the contract to help you out.

Negotiate With Concessions

You can also ask for special terms in the purchase contract of a home to help you out financially. For example, when you make an offer to purchase a home, ask the seller to help you with the closing costs by paying a certain amount. You can also ask to lower the purchase price by two thousand dollars so you can afford to replace the home's worn-out carpeting. 

Another type of concession you can ask for in a purchase is to ask for a quick closing with a close date in three weeks instead of four or more. You can also ask for the seller to pay for a home warranty in the transaction.

Get Your Financing In Order

Another great way to make your home buying process easier is to make sure you have your financing in order before you make an offer to purchase a home. You should get with a mortgage broker weeks in advance to apply for and get pre-approved for your mortgage. This will also tell you how much you qualify for in financing and gives you a spending limit.

For more information on real estate, contact a realtor.