If you’re looking to buy a home, whether it’s a new house or an older house, there are two things have you need to consider doing.
Many people who buy a home skip these two steps, but they’re critical to saving you money in the long run.
1.) Get an appraisal.
If you’re buying a house with a loan, then generally an appraisal is done.
However, some people buy their homes with cash or the previous owner will do owner’s financing.
Regardless, it’s a good idea to get an appraisal done.
Appraisals aren’t always 100% accurate, but it’s good to get a ball park price.
If the appraisal comes back at $175,000 and you’re paying $220,000, it should make you think, “Huh, that’s a lot more money to pay. Maybe I should get another appraisal, or maybe I need to re-think buying this house.”
2.) Get a home inspection done.
Get a licensed home inspector to come and look at the house you’re considering.
They check all sorts of different things, including pipes, air conditioning, electricity, etc.
Some people will say that they don’t want to waste money on hiring an inspector, and that they can inspect the house themselves.
It’s true that you could, but not everyone is a certified home inspector.
If you buy that house without properly inspecting it, you could potentially be paying a lot of money down the road if there’s an issue.
Home inspectors catch plenty of little things, and they usually will give you a detailed report on their findings.
That allows you to go the builder or seller and ask him to fix these things.
Hiring an legitimate home inspector is a smart move that could save you a lot of money in the long run.
We understand wanting to save money where we can, especially when buying a house, but you could really hurt yourself financially by not getting an appraisal and inspection done.
If you’re working with a realtor, they can recommend home inspectors to you.
It also really helps to work with your own realtor.
They can look at a property and decide whether or not it’s a good idea to look at or not.
We aren’t home inspectors, but if you have any questions regarding your house that you have bought, you can reach us by phone at 1-205-879-2447.
I look forward to chatting with you!
Have a great day.