Tips when buying a house

How to Buy a Home (in order)

1. Pick your your professionals. Stick with recommendations from Realtors. Your Realtor can help find the most trusted professionals who deals with the real estate transactions based on their experience with them. They can filter the good ones from the bad ones for you.

2. Hire a real estate attorney if your state law requires one for closing. Quiz them on their conflicts. A good real estate attorney can protect you throughout the process. Some state bar associations have a specialist certification for real estate attorneys.

3. When Searching Online to Find a Home. Ask your realtor about the most updated real estate website, some of them get updated once a week risking losing a good deal or property.

4 Shop and compare loan officers and narrow the selection down to three. The most important time to compare rates is when you lock in your rate. Most big real estate companies have in-office affiliated loan officers who can make the transaction goes smoothly.

5 Hire a buyer agent. Avoid dealing with listing agents that may lead you to a dual agent situation because they will be constantly running into conflicts of interests so severe that it will be illegal for them to assist you in key parts of the transaction and hence by law they have to protect the seller first. Try to find an Exclusive Buyer Agent who can represent you to your best interest in the deal. Base line, Never agree to dual agency and never allow your agent to collect incentives from the seller or other brokers or to pay referral fees to other brokers.

6 Hire an independent title company or attorney to close your transaction.

In states where attorneys are required to close transactions, make sure that your closing attorney is not the same one who has been helping you through the negotiation process. Use that negotiating attorney to help you negotiate the terms of the title insurance coverage that you receive from the closing attorney.

In states where title companies perform the closing, make sure that you are using a title company that is not affiliated with the seller. Make sure that the title company has attorneys on staff who supervise the title examination process.