Have you heard about how great life is in Summerlin and are you looking to buy a house in this rich area of Nevada?
If you answered Yes to the above, I will guide on how you can find the perfect home for you alone or with your family in this article.
You can also apply these steps in buying your dream house in other areas outside Summerlin. Adhering to these steps will make home buying a positive and manageable experience for you.
- Make sure you have a stable source of income before you begin house hunting at all. In most cases, lenders advise that one should buy a house that is not more than 3 to 5 times your annual income.
- Ensure you have a healthy credit rating, your credit score is how your lender appraises your worthiness as a borrower. A poor credit rating will make the lender charge a high interest rate and limit the amount they can lend you.
- Create a budget. How much house can you afford to buy without causing undue hardship for yourself? In making this decision, look at how much debt you are presently paying with your income and see how much debt you can take on via mortgage.
- Make sure you have enough money to pay the down payment and possible closing costs in the case you approached a lender for a mortgage.
- The next phase of your to-do is to reach out to a real estate agent to help you search for an ideal house that fits your budget.
From my observations in this space, these are top checklists to consider when you are house hunting:
- Price
- Square footage
- Access to public transportation
- Number of bedrooms
- Backyard/swimming pool
- Local entertainment options
- Local school district ranking
- Property value trends
- Real estate taxes
Rank these items in order of priority, this will guide your real estate agent in searching for your perfect home.
- Once you see a house that fits your criteria. Reach out to the seller to make an offer, it is advised that you hire Home Inspectors in Summerlin, NV to help you look over the house for any defect before making any payment. Home inspectors are likened to guardian angels who will protect you from costly mistakes when it comes to buying houses.
- With your home inspection result in hand, you have an advantage in beating the price of the house to a lower fee if the house needs major repairs or you could ask the seller to fix the problems before you pay the asking price. If the seller disagrees, you will walk away from a house that threatens your safety.
- Before closing the deal, revisit the house once again. This time pay attention to details to the defects the home inspector called to your attention and ensure the seller has made the repairs you requested. If everything looks good, you may proceed confidently to closing the deal.