Navigating the New Home Buying Process

homeowners insurance

Buying a new home is an exciting time in life. It can also lead to some confusion, trying to figure out every part of the process, to choosing a realtor, to finding the perfect home, to negotiating the best price. Knowing everything that goes into the new home buying process can help ensure that you get your dream home at the perfect price.

The first step to buying a new home is looking at your financial situation. Consider all of your debt, such as credit cards and car loans, to ensure that you will be able to make a mortgage payment.

Next, it is important to find a realtor that you trust. They are able to provide you with vital information, such as market trends, property conditions, as well as many other aspects that you may not be able to find on your own. Make sure to interview different realtors to find one that can help you get exactly what you are looking for in a house.

If you are looking at new homes, consider different builder’s incentives. These are discounts that are offered by builders to help them sell houses as fast as possible. They can range from paying the mortgage for a few months, to free upgrades, to paying the closing costs. Make sure to compare different builder’s incentives to ensure they are true incentives, and not simply price shuffling to make the deal seem better than it actually is.

Some builder’s incentives have certain requirements that buyers have to qualify for in order to get the incentives. These can be as simple as closing on the property within 30 days, or using the builder’s mortgage company or title company. While their mortgage company may have the best rate, a majority of the times they do not. Make sure to shop around to ensure you get the best rate.

When it comes to finding the best homeowners insurance for your new home, contact North American Advantage Insurance Services.