You’ve gone through ads, house visits, and may have even discussed your preferred color palette. Not only that, you might already imagine your furniture inside this new house even before you’ve read the contract. But wait, before you confirm your purchase, there are questions you need to ask yourself and the people involved in the sale.
What Do You Really Pay?
Before you affix your signature, you need to be aware of all the services and extras you’ll be paying for. Let them discuss the total cost, complete with the breakdown. As a rule, do not sign anything until you’re absolutely clear about all the information you’re originally unsure of.
What’s in the Fine Print?
A full disclosure should come before the final turnover. This involves the whole history of the house, along with information about its construction, former owners, etc. What was it like when the previous owner lived there (if there were any)? Are there parts of the house that needs to be improved or repaired? Any reports of crime committed by former tenants? In any case, these issues should be discussed with you before the sale since it’s required by law.
How Do You Get the Best Rates?
As with the question of payment, you can also inquire about the best mortgage rates. Most likely Utah has its share of mortgage firms that could help you with a home loan. If you prefer a broker who’s more on the customer service side, choose one that operates on a smaller scale. You can ask the property seller or realtor for options and even your family and friends might offer suggestions, but feel free to do your own research as well.
There may be other questions that may linger as you make the purchase, which is fine. However, be sure that you’ve thought about your purchase several times before signing above that dotted line. After all, the house you’ve just bought will be your residence in the foreseeable future.