The unexpected costs of buying/owning a home in Oregon are a fact of life. Whether you own your home or are looking to purchase read about the surprises you can expect to face as a homeowner. From lightbulbs to roofing repairs let us help you prepare with first-hand knowledge from the housing experts.
The process if buying a home is an exciting one. However, when the most basic steps are missed, this transition can be fraught with stress and disaster. To ensure a smooth transaction, home buyers should be sure to mind the following tips.
#1: Always Be Honest
Honesty and clear communication need to be a two-way street. Home buyers expect their mortgage professional to be honest with them, and likewise it is always necessary for a home buyer to be honest with their mortgage professional.
Hiding details or covering up potential problems by either party will only cause more issues when everything comes to light. When important information is withheld, it’s possible for delays to occur, costs to rise, or even for the deal to fall through.
It’s much better to disclose all necessary information upfront so the situation can be handled appropriately. An expert mortgage professional will be able to guide home buyers through any problems and issues to a workable solution.
#2: Hire A Professional Team
Buying real estate and taking out a mortgage is not an easy process, so it’s never a good idea to try to proceed without a professional who can be trusted.
Far too often, people let friends or family members represent them in real estate transactions. In these cases, it’s likely for feelings to be hurt, relationships to be damaged, and trust to be compromised.
Rather, it’s recommended for home buyers to use a real estate agent and mortgage professional they do not have a close personal relationship with. That way, they can stand confident that their agent or mortgage professional is looking out for their best interests, and nothing else.
#3: Understand The Market
Far too often, home buyers fail to understand the market and their financial situation.
Failing to identify this crucial information will waste time for buyer and mortgage professional. However, this is where a real estate agent or mortgage professional comes in: he or she will know the market inside out and be able to offer valuable counsel for all financial situations.
Home buyers should call their mortgage professional if at any time they have questions about taking out a mortgage; this professional is the key to a smooth real estate purchase.
Need a Mortgage?
At Sammamish Mortgage, we’ve helped countless borrowers across Washington, Oregon, Colorado, and Idaho since 1992. We offer a variety of mortgage programs for you to choose from, and looking forward to helping you get approved for the mortgage you need to buy a home in WA. Contact us today to get started!