wyliewashburn-logo-450wyliewashburn-logo-450wyliewashburn-logo-450wyliewashburn-logo-450
CALL US NOW
  • HOME
  • ABOUT OUR FIRM
  • OUR TEAM
    • JADDA T. WYLIE
    • KRISTEN E. WASHBURN
    • ABIGAIL GREGG
    • PAULA TAMBLING
    • CHEYENNA RHINE
  • PRACTICE AREAS
  • NEWS
  • FAQ
  • LOCATIONS
    • FLORENCE OFFICE
    • COLUMBIA OFFICE
    • SUMTER OFFICE
✕
Buying a Home? Plan for These Hidden Costs
March 15, 2020
Creative Ways to Add Color to Your Rental House
May 26, 2020
May 4, 2020

Holding house keys on house shaped keychain in front of a new home

Purchasing a house is one of the big decisions in life. There are 6 things you need to do when buying a home. Following these necessities prepares you to find the perfect house.

#1 Finance

The place to start is to get your financing in place. Pre-approval will make you more attractive to sellers. Search lenders to discover what options are available, and how much you qualify for. A quick calculation is about 3 times your household annual income.

Gather a down payment, usually 5% of the purchase price. Don’t stop until you’ve secured the loan and the deposit, otherwise, you may stretch your budget beyond your comfort zone.

#2 Budget

Create a budget based on the information you have acquired. Items in your plan are current debt, home insurance, property taxes, utilities, food, gas, etc. Once it is set, stick to it! Going over your budget will strain your finances and your family.

#3 Agent

An agent is an expert on the housing market, so their advice is essential. This is not the time to hire your brother-in-law who has his license but isn’t selling real estate. The agent to look for knows the area, and listens to what you want. They are specialists who find examples fitting your description, so communicate to take advantage of their expertise.

#4 Location

You’ve heard it before: location, location, location. Find one that fits you. If schools are important, find a great school district. Other things to consider are suburban vs urban, single-family or condo, proximity to work, grocery stores, etc. Track how long it takes to get to those places by visiting the property at different times of the day or week.

#5 Shop

This is the best part. Everything’s in place to find the perfect property. Before you head out, create a list of must-haves and deal-breakers. Preparing ahead of time will steer you away from properties that don’t fit your needs. Share the list with your agent upfront.

#6 Inspection & Appraisal

An inspection is how you discover what isn’t visually noticeable during walk-throughs. An unbiased assessment provides a trained eye of the property. Your agent will assist with finding the inspector.

The lender will want an appraisal of the house to make sure it’s a good investment. This is a safeguard for you too.

To create a smooth buying process, there are 6 things you need to do when buying a home. The first 3 steps are vital. The financing, budget, and agent are necessities in finding your house. The 4th and 5th steps are fun; shopping time. The last one will assist you in making a smart decision.

Share
0

Related posts

new home buyer
March 12, 2023

The 3 Most Important Things When Looking To Buy Real Estate?


Read more
real estate attorney
February 17, 2023

Need Professional Help? Talk To A Real Estate Attorney.


Read more

Young happy businessman with box for moving into a new office. Studio shot, isolated on a white background

January 23, 2023

3 Tips for a Successful Residential Real Estate Closing Process


Read more

Comments are closed.

About Us

Welcome to Wylie and Washburn – the premier real estate attorneys in the state of South Carolina. With 3 offices located in Florence, Sumter and Columbia, we are here to serve you and your real estate law needs. Call us today to schedule an appointment with one of our attorneys.

Florence Office

Address: 651 S. Coit St.
Florence, SC 29501

Phone: (843) 407-2487

Email: info@wylieandwashburn.com

Columbia Office

Address: 1601 Hampton Dr
Columbia, SC 29201

Phone: (803) 814-0015

Email: info@wylieandwashburn.com

Sumter Office

Address: 20 E. Liberty St., Suite B
Sumter, SC 29150

Phone: (803) 814-0015

Email: info@wylieandwashburn.com

Copyright © 2022 Wylie and Washburn LLC. Web Design by SVG Digital
CALL US NOW