by Dan Wolf
on Monday, November 4th, 2013 at 5:37am.
For a young homebuyer, finding your favorite Anchorage house for sale can seem like a big step. Buying an Anchorage house for sale will be one of the biggest decisions you will ever make in your life. While making this decision, there are many things to consider when looking for an Anchorage house for sale.
The Process of Buying an Anchorage House For Sale
Before You Start
The first step is easy: check your credit report. You can do it yourself at annualcreditreport.com, or pay a company to do it for you. Do this before you go to the lender, so you know ahead of time what they will find. Check for accuracy and fix any mistakes you may find. Also, take care of any negative entries before taking to the lender. Knowing your credit score ahead of time will help you get the best rate you can from the lender, making it easier to find the best Anchorage house for sale.
Next find a lender. Get pre-qualified for a loan before you go shopping. You don’t want to find your perfect Anchorage house for sale, only to find out you can’t get financing for it. When getting pre-qualified for a loan, keep in mind the amount of monthly payment you want to pay.
Look For a House
Next, call your realtor and begin looking for your Anchorage house for sale. Let your realtor know that you have been pre-qualified and what price range you are looking for. View homes at the upper and lower ends of your price range. You may find a big difference in property upkeep, amenities, and taxes between houses. It will give you a good idea of what kind of Anchorage house for sale is actually available for the amount of money you want to spend. It will also help you decide what is most important to you. Think about what features you are looking for in your Anchorage house for sale. Things to consider are the number of bedrooms, bathrooms, the size of the yard, and the style of the house.
As a young buyer, one of your most important considerations is location. According to Technorati.com young people are more likely to change jobs, so it may be more beneficial to you if you live closer to an area where there are more jobs. If you are starting a family soon, you may want a neighborhood with other families and good schools. Living in a good location will higher the resale value if you need to move in the future.
You will also want to consider your lifestyle. If you work 50 hours a week, you may not have time to maintain an extensively landscaped property or do a complete remodel of the home. Those types of things will be big considerations for you. Be honest with yourself! If extensive remodeling of your new home or hours of gardening would make you miserable, then look for a house that doesn’t need it. When choosing your Anchorage house for sale, make sure it is a good fit for you.
Make a Decision
After viewing several houses, it is time to make a decision about which Anchorage house for sale you will buy. Narrow the list down to a few of your favorites and compare features. Make sure to factor in costs for maintenance and homeowner association fees into your comparison. You will also want to consider the utility costs and property taxes. If you are planning on having your property taxes included in your monthly mortgage payment, make sure you know how much your payment would increase. Review the disclosure statements for each Anchorage house for sale before making a decision. Disclosures statements include items such as presence of lead based paint (for older homes), structural damage, repairs, weather damage, or known toxins. This type of information could affect your decision about which Anchorage house for sale you will want to make an offer for and how much that offer will be.
The Final Steps
After choosing your Anchorage house for sale you will need to have it inspected. Inspections include:
A review of your home’s systems. Heating, cooling, plumbing, sewer, and electrical will be checked to make sure they are functioning, free of leaks, and not in violation of building codes.
Your home will be checked for cosmetic damages and evidence of structural damages or weather damage.
Also, get your home inspected for pests and toxins such as radon. Usually these are extra, but it is better to be as thorough as possible before making an offer.
After your Anchorage house for sale is inspected and your offer is made, the waiting game will begin until your offer is accepted. After your offer is accepted you need to sign all the paperwork for your Anchorage house for sale. You may wish to have a lawyer review your paperwork. Finally you will get the keys to your new home. With these tips, you are ready to find the perfect Anchorage house for sale for you.
Are you looking to learn more about or purchase Anchorage foreclosed homes? Contact Wolf Real Estate Professionals today.