The Basics When Buying A House in PA
One of the most important investments most of us will ever make is when we are buying a house in PA. Finding the right home for you can be a long and daunting process, but there is no getting around that when you’re buying a house in Pennsylvania.
Know Your Wants And Needs
Before starting on your journey of house hunting, you should know what you want to find when buying a house in PA. In addition, it’s a good idea to sit down and create a list all the features you care most about, such as:
- Location (in a particular city, school district or neighborhood)
- Size — how many bedrooms and bathrooms
- 2Parking — a 1-car garage or 2?
- Style — 2-story house or ranch style home?
- Heating — central heating and/or air conditioning?
- high-traffic area.
- high noise area (airport, train station or highway in close proximity)
- maintenance — major repairs needed
As you began looking, keep your list in mind. Your lists may change over time as you do more looking. You will want to add or remove features, or perhaps you will become willing to make compromises. Realizing that you most likely will not find the “perfect” Pennsylvania home. Experienced homebuyers will tell you; perfect homes are not found; they are built through your custom home builder.
Getting Your Credit Report In Order
Prior to looking at properties, you should make sure your finances are in order. This is the time to review your credit report and clean it up, if need be, to maximize your credit score. Many people do not realize how important it is to check your credit report periodically to make sure it is accurate. You should pay off any past due amounts or negotiate a settlement price to close the debt. Get such agreements in writing, before paying any settlement. Keep all receipts for any settled items from your credit report since it may take months to get the debt actually removed.
Research Your Options For Buying A House In PA
Select the type of property that interests you the most. Do you want a HUD property, a foreclosure, real estate, or Pennsylvania property for sale by owner? A number of web sites list homes according to city, state, or price range. Finally, visit these sites to see pictures of homes, many with virtual tours, and review the listing features.
You are ready now to find a lender and get yourself pre-approved for the loan. Being pre-approved offers a number of advantages. It will clarify the price range you can afford. Also, once you find the home you want, you can place an immediate offer. If you have to wait for pre-approval, someone could buy the house right out from under you. But, several special programs are often available from lenders, such as the FHA or Ameri-Dream, that can save you money in the closing. Ask the lender about any special programs before you decide on a loan.
Find A Good Pennsylvania Real Estate Agent if You Plan On Going The Traditional Route
It is wise for the first-time homebuyer to work closely with a real estate agent, no matter what type of property you are looking for. A knowledgeable certified Pennsylvania real estate agent will make your house-hunting much easier. A good real estate agent is usually a good negotiator and will be able to help you with the complicated paperwork involved in placing an offer on a house or in closing a deal. It is essential that you have a real estate agent working for you as the buyer, rather than relying on the seller’s agent for the house you want to buy. The latter can involve a conflict of interest, which usually works to your disadvantage.
To select a real estate agent, you should check with your friends and neighbors for recommendations. Find an agent you feel comfortable with and who is knowledgeable about the area you hope to buy in.
If You Are Paying Cash Check Out All Options Available To You
If you want to pay cash when buying a house in PA, you have the ability to buy many different types of properties being sold. You can look at Foreclosures Pittsburgh and properties being sold by, “we buy houses Pittsburgh” type companies. In addition, paying cash requires no home inspection on you will be making the final decision on your own. Paying cash when buying a house in Pennsylvania can be a blessing or curse, make sure you have the property checked out completely so there is no surprises down the road.
In Conclusion On The Basics When Buying A House in PA
These are just a few of the basics of Pennsylvania home buying. You will learn a lot this first time and will more prepared your second time around. Always take your time when making a major decision likes this and do as much research as possible until you feel 100% comfortable with decision you are making.