When you’re buying a home, chances are, everyone and their dog is going to have a something to say. And like comments on a YouTube video, some are worth while, and some…. Well, you know. But that isn’t to say you should to just dance your way through this, and not listen to anyone. That’s dangerous. Real estate is a complex process, so you want to get good advice from people who know their stuff.
Now before I go on, possibly the most important thing you should understand about this subject is….
... is information you should use to help you make a decision on a home. You should be the only one who makes the final decision. You are going to have to live there. You are going to pay the bills. So you want to be comfortable with the decision you make. Not a decision made for you. You should not feel rushed or pressured. If you don’t understand something that someone seems to be warning you about, you should ask questions until you do understand their concern.
Now as I’ve indicated, there is a difference between advice and an opinion.
... don’t always apply to everyone’s reality. It’s often just someone’s personal preference. I’ve found the best way to translate people’s feedback into advice is, when someone is giving you ‘advice’, always ask why they feel that way. Someone might say only buy a house with a metal roof. When you ask why, hopefully they can provide you with some info on metal roofs, and their benefits over other types of roofs. Now you know more about all roofs. Not just metal roof = good. This is the type of information you need.
Now setting aside the advice from your friend Stella and your Uncle Hank, there are some very key people you will want to get advice from.
A Lawyer (unless you are one, you’ll need one)
A Financial Advisor (to set you up with your Mortgage and possibly help you with some budgeting ideas)
A Real Estate Agent (to help you sort through and understand the advice you get, present you with appropriate homes to consider, steer you through the purchasing process with the least amount of stress and surprises, get the deal done)
There is one additional person who has become commonplace in Real Estate. A Home Inspector. Hiring a Home Inspector is usually only something you do when you are putting an offer on a house (usually a favourable inspection is a condition of your purchase). However, like everything else we’ve discussed here, they are going to give you information on which you can make your decision. They wont tell you ‘buy or don’t buy’, but they will provide you with a report of all the things they looked at, and will give you a good idea if the overall house is in good shape or not, and where potential issues might be found. They do cost money, so you want to make sure you are comfortable with the service they will be providing. But they are absolutely money well spent.
So again, lots of people will have lots of things to tell you as soon as they find out you are considering buying a house. Be mindful to separate the opinions from advice. Be sure to get answers to the all the questions you have (no matter how small an items you might think it is). As much as is possible, seek out expert advice.