Steps to Follow before Buying a Home in Lake Wallenpaupack

Are you ready to buy a new home? There are plenty of homes for sale in Lake Wallenpaupack, PA, but before you start your home search make sure you have someone looking out for your best interest. Check out these buyer tips to ensure an enjoyable home search and smooth buying process.

Hire a Real Estate Professional

A common mistake home buyers make is thinking that buying a home isn’t as hard as selling one. In actuality, it’s just as difficult. Trying to purchase homes without a real estate professional guiding the process often results in buyer regret and bad deals. Don’t be fooled by homes for sale by owner in lake Wallenpaupack, PA. If you’re interested in one of these homes for sales, definitely make sure to hire a Realtor.

Shop Mortgage Rate and Terms

Also, before you start seriously look at homes, make sure you know the mortgage rate and terms of loan products you’re interested in. Too often, people don’t research how interest rate and other loan terms will affect their down payment amount, insurance costs, or monthly payment.

Get Pre-Approved

Once you’re serious about buying a home, get pre-approved for a mortgage before you visit any homes. There are plenty of houses for sale in Lake Wallenpaupack. Knowing what you can afford to spend helps you narrow your search. It also keeps you from falling in love with a property you can’t afford.

Figure out the Type of House You Want

Create a list of needs and wants. What are the deal breakers? For one person it might be a home without a finished basement. Other buyers might walk away from a home that doesn’t have a 3-car garage. Knowing what you want and don’t want in a house helps you create a short list of homes to seriously consider. Keep in mind that wants are often negotiable and not deal breakers. However, if you concede on your needs, you might end up in a home that you hate. Don’t let that happen to you.

Get a Home Inspection

This is a buyer tip that is a must. Never write up a contract on any homes for sale in Lake Wallenpaupack, PA, that's not contingent on a home inspection. Doing so could put you in a house with expensive problems that become your problems the minute you sign closing papers. Davis R. Chant Realtors can help. Call us today!