4 Steps to Protect Your Interest when Buying a Home
Buying a home at the Lake of the Ozarks can be a pretty overwhelming experience. Between finding the right home for your family and trying to understand the process of buying, it can be one of the most stressful decisions you'll make. However, eXp Realty has some really helpful tips to make your home purchase a breeze. This week, we're offering you 4 steps to take to protect your investment when buying a home at the Lake of the Ozarks:
1. Hire a Buyer's Agent
First and foremost, you need someone on your side to represent you during the home buying process. Hiring a Buyer's Agent at the Lake of the Ozarks can help you narrow your search down to save you time and help you locate properties you may otherwise not have known about when searching on your own. Not only can an experienced real estate agent at the Lake of the Ozarks help you find the right home for your family, but they can also guide you through the paperwork and closing process. Since they've got your best interest in mind, they can also help you to negotiate an offer that you're comfortable with and can help get the most out of your purchase.2. Do Your Research
Now that you've decided to purchase a home at the Lake of the Ozarks, there are many things you need to be researching. What location is best for your family? Do you have a preference in school districts? How long of a commute are you willing to drive each day? Have you been pre-approved for a mortgage loan? If so, how much is your budget? What does your family absolutely need in a home, and what are you willing to set aside? There are so many questions you need to ask yourself before diving in. If you can answer these questions early on, it'll save you a ton of time and hassle when looking at prospective properties.3. Get a Home Inspection
After you put in an offer on a home and it's been accepted, you're officially under contract and the clock starts ticking. From the time the offer is accepted, several timelines start. One of those being your option to have a home inspection completed. This is something you should not pass on doing! A home inspection is a more detailed look at the physical health of the property that can bring to light any physical defects. This gives you the opportunity to see what kind of maintenance problems there may be with the property before buying and could potentially save you thousands of dollars in the long run. A home inspection gives the buyer the opportunity to request of the seller to address any issue before closing on the sale of the home.4. Buy the Title Insurance
Another part of the closing process is the process of a title search to determine if there are any title defects or encumbrances. Unfortunately, even with a title search, some things may slip through the cracks and can potentially emerge after the sale, causing all kinds of problems later on down the road. As a buyer, you'll have the option to purchase title insurance during the closing. Whether it is agreed upon that the buyer or the seller pays for this, it's highly recommended that this be part of your purchase. Title insurance can protect you from many unforeseen title defects that could hinder your use of the property you're purchasing. It helps protect your ownership rights in the event that a title hazard does arise.By following these 4 steps, you'll find that buying a home a the Lake of the Ozarks isn't as stressful as you thought it'd be, and you'll feel more at ease knowing you're protecting your investment. If you're in need of expert real estate advice and guidance, contact eXp Realty. We're excited to help you through the buying process!
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2011 REALTOR Salesperson of the Year
Missouri Association of Realtors
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049
Office | 573.365.1555
Fax | 573.365.1766
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