Buying A Home: A Primer
Posted on: 9 May 2016
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Buying a home can be a difficult process. One of the most difficult parts about buying a home is ensuring that all of your legal ducks are in order. Throughout the course of this brief article, you will learn about the process of buying a home and how to make sure that you have all of your legal bases covered.
Are You Really Better Off Buying?
It's difficult to determine whether you're better off purchasing a home or staying where you're at – whether you're living at home or renting. Purchasing a home is a huge step, so you need to be at a point in your life where you are financially sound, mentally stable, and most of all, ready to commit to a certain neighborhood. Take the time to research the neighborhood or city in which you desire to buy. Crime rates and current market retail prices of homes in whatever neighborhood in which you are looking to buy are just two of the facets you should research before committing to purchasing a new home.
Criterion For Homes
Decide what you're looking for in a home, but also take into consideration that there might be certain restraints on what you're looking for largely based on two things: the neighborhood in question and your budget. For example, you might be looking for a house with a large backyard, but if you're looking to purchase in a densely populated urban area, like New York City, then you might have to write that off of your criterion. Similarly, you should look into what sort of sized garages are available in the area, the number of floors in the average home in the neighborhood, and perhaps most importantly, the average square footage of a home in the neighborhood.
Real Estate Attorney
It can be very helpful to work with a real estate lawyer (such as one from Kolvoord Overton & Wilson). In a number of states, it is even required that a licensed real estate attorney be present during the finalization of a house sale. A real estate attorney can streamline the process of purchasing a home and ensure that you're not faltering on the legal front. For example, a real estate attorney can help make sure that you know all of your neighborhood's bylines and can determine if your home does not mean any municipal or state regulations.
Hopefully, this guide has given you some idea of how to go about simply beginning the process of purchasing a new home.