buying a house in Clarksville TN

Buying a home in Clarksville TN will be one of the biggest purchase you will ever make and I am here to make the process as smooth and easy as possible. Here are 10 Tips for home buyers in Clarksville TN. There will be a lot of questions that will come up when buying a home and what you should do in order to be prepared to make everything go smoothly.

Buyer’s tip #10: Consult with your Realtor!

Your realtor represents you and takes the best interest in your needs, wants and desires when it comes to real estate. Let them know what you plan to do and strategize with him. Be entirely honest with them so they can find the best way to help you and your family to get into the best house for the best price. After all, they are working for you so let them do what they do best!

Buyer’s tip #9: Find a Mortgage Company and get Pre-Approved.

There are a lot of mortgage companies out there these days and each has a lot to offer. If you have one in mind, let your Realtor know so he can make contact and make sure to get you started on all the procedures to get you pre-approved. This step is one of the most crucial steps in the process of purchasing a home due to the fact it gives you all the right parameters when searching for a home. With a pre-approval, you will be able to see what price range of homes will be available for you to purchase. You will also be able to put in an offer immediately once you find the home you want. If you are able to act quickly because you are pre-approved and have given your Realtor the thumbs up to write an offer on the house, you will have a much better chance of purchasing your home at the best price. Local mortgage companies are typically preferred because they are easily accessible and know the market, you can call them and meet them face to face. A lot of bigger mortgage companies are notorious for taking up to an extra month to close on a home than a local mortgage company which typically takes 30-45 days to close on average. Your Realtor will have a handful of loan officers they work with if you need any recommendations.

10 Tips for home buyers in Clarksville TN

Buyer’s tip #8: Stability

Congratulations on your pre-approval! So now that you’re pre-approved for a certain amount and you’re on the hunt for your future home, let’s keep everything stable. What do we mean by stable? Even though you have a pre-approval from your loan officer, it doesn’t guarantee the loan if you don’t hold up on your end. If you’re planning to change jobs, pay off a lot of bills or even buy a new car or a purchase that is pretty big along those lines, don’t do it!  Let’s wait until you get the keys to your home first then afterward you can do all of those things. The reason why you should wait is that loan companies want to see a steady and consistent loanee that will pay them back consistently, not sporadic irresponsibility. If they notice that you just purchased a new car and your DTI ( Debt to Income ratio) changes, it will definitely make the loan company weary about your ability to repay the mortgage and most likely to revoke their pre-approval. Mortgage companies will require you to pull a personal credit check when we’re about to close on a deal in order to verify that all the information you’ve provided is still current and true, so let’s keep everything consistent until you have the keys to your home!

Buyer’s tip #7: Golden rule to buying a house in Clarksville TN.

Growing up, your parents, family, and friends always told you to treat others how you would like to be treated. This rule holds very true for any and all business deals, especially in one where it involves one of the biggest purchases of your life. It may be silly to even mention a tip like this at all but we all get very carried away when we’re looking for the best deals and the best prices for our family, but we must remember that we are all professional, reasonable and civil human beings before entering any type of business deal. For instance when looking at property that is priced well at $250,000 and you would like your Realtor to submit an offer for $125,000, you must first remember that yes, your Realtor works for you and will submit any and all offers on your behalf with your best interest but if it was vice versa and you had a home that was priced well at $250,000 and an offer comes in at $125,000 wouldn’t you be just a tad bit upset? Perhaps even feel insulted? Same goes for sellers, if your home is at best worth $250,000 but you would like to put it on the market for $500,000; what are the chances that you would be willing to pay $1400 for a $700 iPhone while other people are offering that very same $700 iPhone for $700 or even less several stores down? At the end of the day, you need to remember, what are the comparable homes that can best reflect the best price that it will sell for and whether it is something that you would be willing to settle for? If so let’s get that offer in quickly!

Buyer’s Tip #6: Understanding all costs involved in buying a house in Clarksville TN.

Buyer's tips and insights, 10 Tips for home buyers in Clarksville TN
10 Tips for home buyers in Clarksville TN

Now that we’ve been looking at homes, dreaming about houses and planning for your new home, let’s not forget the financial side of owning your dream home!  Besides paying for your mortgage, you need to realize that there are other costs that you will need to factor in monthly or periodically depended upon the items. Besides utilities, there may be costs like Homeowner Association (HOA) fees, personal property maintenance, and personal property taxes. A lot of homeowners don’t know that they are no longer required to pay PMI (Private Mortgage Insurance) once they’ve reached 20% equity in their home. If you didn’t put 20% or more as a down payment on your home, there’s a good chance that the amount that you pay monthly, has already had the PMI incorporated into it. After paying a certain amount of payments and you’ve reached 20% equity of your home, you have the right to let the mortgage companies know that you are no longer required to pay PMI nor do you want to pay it any longer. Learn to budget and have a cushion for when there are bumps in the road! Remember that if you bought a car, you will eventually need to maintain it, things like oil changes and tire replacements. Things like these are normal but most people will ignore them, don’t let it sneak up on you! Be a smart home buyer and prepare for all of these things beforehand.

Buyer’s tip #5: Focus on great bone structures rather than the aesthetics!

Keep in mind when you are out with your Realtor, that you should be looking at the core bone structures of the house. If you come across a home that has a great floor plan and is very well built and seems to fit your family perfectly but the kitchen is lime green and pink (not that there’s a problem with that color combination) remember that a gallon of paint and a few hours will resolve that problem. If you fall in love with the color of the house but not the house, no amount of paint will be able to get you higher ceilings or a bigger master bedroom! Be wise about looking at homes and remember that when you buy a house, you can change it and adapt it to your taste, that’s the beauty of owning your own home! Being able to make changes to your home to reflect your tastes and your lifestyle.

Buyer’s tip #4: Go check out the home during the day and night.

Most of the time Realtors will take out their clients during the day because that’s the most convenient time of day for both sides of the party. However, if you’re truly interested in calling a house your home, you need to realize that you’ll be living in it more than just during the daytime hours. You should be fully aware of how things are when the sun sets in your neighborhood and whether it is something that is a deal breaker for you and your family. Most buyers will overlook this tip until they are already living inside their home.

Buyer’s tip #3: Get a professional inspection of your dream home inside and out!

At this point you’ve already narrowed it down to the home you fell in love with already and have fully inspected it with your mind and heart but let’s get a professional to come down and look at the things that may need to be fixed in order for you to avoid possible future headaches. A home inspector will cost a few hundred dollars but they make sure that there aren’t other hidden problems for you to worry about. Those couple of hundred dollars that you are about to invest, will save you thousands if not ten’s of thousands of dollars on repairs. Your dream home may have an imperfection or two but why not get the seller to take care of those imperfections before you purchase the home?

Buyer’s tip #2: Plan for the future.

Whether you have kids, plan to have kids or kids aren’t even a factor in you and your family’s life, you should consider the fact that being in a good school district can really help in the resale value of your home. You need to consider whether it’s a good neighborhood for kids playing in the yard or safe enough to walk, ride their bicycles to the park, friends homes or their school. After all, you need to trust your instincts on whether this is the right neighborhood for you and your family. Only you can make that decision, and know if it will be something that benefits you and our loved ones.

Buyer’s tip #1: Be honest.

Be honest to not only your family, friends, and Realtor but also be honest with yourself. Do you really want, love and need this home? Are you as committed as you think you are? Are you willing to go the extra mile with your Realtor to get this in the works for you and your family? Is this something that you will continuously work on and be proud of because this home is something that will represent you as a person? If you’ve answered “YES” to all or even most of these questions you are ready!

There you have it, 10 Tips for home buyers in Clarksville TN.  Now let’s go an put this advice into action and find you that perfect house.