If you’re looking to purchase your dream home, but aren’t able to be physically present in the city of your choosing, don’t despair, you still have options. With today’s technology, you can search and purchase a home from anywhere in the world. If you follow these 5 steps, you can buy your dream home without ever having to worry about getting stuck in traffic or being forced to take an inconvenient day off work to go look at houses during normal business hours.
1) Discover properties
Start by searching for properties in your desired area, on websites like Zillow or alternative to Zillow. Once you find something you’re interested in, ask the seller if they’ll accept offers over email. If they do, send them an offer and get pre-approved for a mortgage so you know what your budget is and can put in an offer quickly if it’s accepted.
2) Consult with experts
It is possible to buy a house without ever stepping foot in it. With this option, you are able to work with experts and make decisions before you put down your deposit.
3) Secure finance
Your credit score is important as it can impact your ability to get approved for financing. You want to be sure that you’re in good standing with your current lender before applying for new financing. There are also other factors that can affect whether you’ll be approved, such as down payment requirements and income documentation, so it’s smart to make sure that you have everything ready in advance.
4) Get a good inspector
The most important thing is to hire an inspector who will be able to identify any potential problems with your potential property. This way, you can make sure that what you are about to buy is worth your money. You don’t want to put yourself into a situation where you have bought a lemon.
5) Close on it all
Buying a house can be stressful, but with these five tools it doesn’t have to be. A home inspector will examine your home and provide you with an honest assessment. An appraiser will set a fair value for your home based on recent sales in your neighborhood. A lawyer will help you avoid mistakes that could come back to haunt you later. A title company will ensure that you own what you’re paying for and that there are no liens or other issues.
