The ultimate guide to helping you purchase a home.
The spring usually indicates the beginning of home buying season. Home buying season can be an exciting time for first-time and experienced home buyers alike. Today, Peoples Bank & Trust is bringing you a home buying guide to assist with the home purchasing process.
Can you afford to buy?
This is the single most important question before you start the home buying journey. How much money do you have set aside to buy a home? What is your price range for buying a home in the neighborhood you desire? If you’re not sure you can afford to buy, talk with the experts at Peoples Bank and Trust to see what type of mortgage lending you qualify for.
What kind of home do you want?
Before starting the home buying process, you will need to consider what kind of home will be best for your family or your lifestyle. Do you prefer ranch style or two-story? New construction or are you ready to take on an older home? There are all questions you need to ask yourself before home shopping.
How do I close the deal?
So you’ve found the home of your dreams, congratulations! Now, starts the process of closing and making an offer on the house. In a perfect world, you will make your ideal offer and the seller will accept it. Unfortunately, that’s not always the case. You may need to write a letter and negotiate the seller down to the price you can afford.
Did you get the home you want to buy inspected?
Some people suggest skipping out on an inspection because they can be expensive. You are better off getting the house inspected before you buy. You don’t want to run into any problems later on that could have been prevented by an inspection. An inspection is worth the upfront cost because it can lead to a potentially lower price on the house.
Buying a home is an important part of your life, so be sure to ask questions, take notes and be thorough. The mortgage lenders at Peoples Bank & Trust are here to help as well, so be sure to get in touch with them today to see how we can help.
Peoples Bank & Trust Co.
Member FDIC
Equal Housing Lender
NMLS #407724