When you start to look, it is important that you know how much you can comfortably spend on a home. Getting pre-qualified for financing will lock down your price range and help prevent you from being turned down after falling in love with a home. It will also save you the strain of having to find a lender within a few days of conditionally buying a home. In times of fluctuating interest rates it would benefit you to lock in a lower rate. This could save you thousands of dollars if the rate increases while you are in the process of buying.

3) Research The Market Before Making Your Offer

An Exclusive Buyers Agent can prepare all the area sales and comparables in your area before you make your offer. This will help ensure that you do not overpay what the home is really worth. In addition, an Exclusive Buyers Agent will negotiate the lowest price possible for you.

4) Be Informed Of Your Rights & Obligations During Your Offer To Purchase

It is of the utmost importance to be aware of your rights and what to expect from a competent real estate agent.  A small mistake in a condition or clause could end up costing you time and money, or in some cases even void your contract.

5) Use a Home Inspection Company (See Power Buyers Card)

Buying your home often is the most important investment and financial transaction that you will ever make. A home inspection can save you hundreds or even thousands of dollars and unexpected problems down the road. In addition to the inspection, it is often a good idea to request some type of Home Warranty to cover the electrical appliances that come with the home.