Ten Best-Kept Secrets for Buying a Home

Home buying process can be quite daunting, especially if it is your first time. It may as well be challenging for frequent homebuyers because the real estate industry is constantly changing.

You need to be very careful when buying a home and consider every little detail; otherwise, your dream of a perfect house can be shattered in a snap!

Here are some secrets for buying a home, which will ensure that you get the house of your dreams and it is worth your hard-earned money.

Inspect the surrounding area

The house might be perfect for you but the neighborhood might not be. To save yourself the emotional exhaustion, make sure that you stalk the neighborhood before buying a home.

We suggest you visit the place at random hours both in the day and at night to get an idea of how things work in the neighborhood and look out for any security issue. Moreover, make sure you can deal with the traffic in the area on a daily basis. Also, find out how far or near is the grocery store and other essential services – you would not want to spend half of your day running errands.

You will regret skipping this step because no matter how great the house is if the surrounding area is not as great, it has no value.

Hire a house inspector

In addition to visiting the property yourself, consider benefitting from the services of a house inspector. It is perhaps the best way of getting a neutral, third-party opinion. However, remember that hiring a professional comes only after you have inspected the place yourself. If you do not like the house at all for any reason, you do not need to waste your money.

A house inspector will help you in deciding whether you should buy the house or not based on the information he will collect. If he finds a minor issue with the property, you can use it as a bargaining tool to lower the price of the house. This is certainly a valuable secret for buying a home for what it is worth.

Make your offer

While making the initial offer, keep two things in your mind: the price that you can afford and the worth of the house. You would not want to offend the seller by placing a bid that is too low for the house and neither would you like to outbid yourself by placing a bid that is too high for you.

One thing that will help you in making a reasonable offer is finding out the sale value of the neighboring houses. Moreover, remember that the more specific a bid is, the more likely the sellers are to take it seriously.

Do not make a heart-based decision

It is important to not involve your emotions while buying a home as they can cloud your judgment and you will end up making some bad financial decisions. Use your brain and make sure that you investigate everything instead of just buying a home because you like what you see – a beautiful house is not always a better house.

Buying a house means a big investment so choose wisely!

A budget for sleeper costs

While buying a house, you should not only be focusing on the mortgage payment – sleeper costs are equally important. Learn about property taxes, utilities, and homeowner association dues beforehand so there are no surprises later.

Moreover, as a new homeowner, you need to be prepared for the cost of repairs and maintenance, and potential increases in the property tax. Therefore, always make a budget for sleeper costs to get everything going your way.

Stop waiting for the perfect time

If you think you will figure out the best time to buy a house and hit the target, you might be wrong – you can never anticipate the housing market!

The perfect time to buy a house is when you find the perfect one that you can afford – that is it! The real estate is up now, it will be down later; this cycle continues. Thus, it is better to not wait for the perfect time because it will never come.

Do not obsess over a big house

Usually, the biggest and the most beautiful house in the neighborhood turn heads. However, not many people stand up for buying it. Hence, buying a big house will limit the potential buyers when you decide to re-sell it.

The secret to buying a home is to look for a small, affordable house that will fit your family and not cost you a fortune because it is likely to trade for more than a big house.

Get a property survey done

A property survey will make sure that you know exactly what you are investing in. When you know how much property you have, there will be no confusion when it comes to property tax. Moreover, being aware of your property lines means no potential dispute with your neighbors.

Get approval for a home loan beforehand

Another secret to buying a home is making sure that a lender has gone through all your financial information and made it clear how much he will lend you. This way you will be aware of how much you can afford and thus you will not end up wasting your time and efforts on properties that are out of your league.

It is also important to know all the details regarding home loans; junk fees, processing fees, and hidden charges if any.

Use your money wisely

You should make sure that you do not make big purchases for up to six months before buying a home so that lenders see you as a reliable person and get you the best loan. If you move your money around too much and buy a lot of expensive items, it will be difficult for you to get a loan.


Buying a house is indeed a HUGE decision. It cannot only be an expensive purchase but also can take a lot of your precious time and efforts. Therefore, you should watch every step that you take to avoid falling into a pitfall.

These top secrets for buying a home will help you find the perfect place and seal the best deal possible so that you do not regret your decision any day of your life!

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