HOME BUYER'S GUIDE

( How to Purchase a House )

Buying and Selling Houses

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You've probably noticed a lot of "For Sale" signs in people's front yards. But how do you go about finding suitable properties that fit your needs and budget?

Searching the internet and exploring the area you wish to live in can be a good place to start. Your real estate agent can also assist you to find properties that meet your criteria and keep an eye out for fresh listings.

When looking at home listings, keep in mind that you're not simply purchasing a structure; you're also purchasing a home that should fit your lifestyle. Apart from the house itself, there are a few things to consider:

▶ The neighborhood - If you want to live in an area with much nightlife, you should seek a home near a downtown area. On the other hand, a suburb may be ideal for you if you want to get away from the city lights and sounds and into a home with a great yard and a little more room.

▶ The commute - If you're moving a long distance, think about how much time you're willing to spend commuting to work.

▶ Take a look at the schools in the region if you have children or believe you might want to have children in the future. Even if you don't intend to have children, a strong school district can increase the value of your property and make it simpler to sell if you decide to relocate.

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What to Look for During a Home Inspection

A home inspector will do a more thorough inspection of the home if you decide to make an offer, but there are certain potential red flags you may look for right away:
      • Plumbing and electrical issues – Examine all of the light switches and outlets. Check for leaks in the faucets and toilets and evidence of water damage on the floors and ceilings.
         
      • Radon, lead paint and carbon monoxide – Inquire with the seller if the property has been tested for any of these issues. These tests can be performed as part of the inspection if it hasn't.
         
      • Tree location and quality – Estimate the tree's chances of falling on the house during a storm or heavy winds.
         
      • Full or defective gutters – If the channels on the house are total or not working properly, rainwater may be able to pool near the foundation. This can be a costly issue to resolve.
      • Old appliances, chimneys, and gas furnaces – You may need to have these goods cleaned, fixed, or replaced after purchasing if they are older or haven't been maintained recently.