Susan Cleary, The Cleary Group of Remax One

What You Need to Do Before You Buy

I realize that buying a Southern Maryland home can be a large undertaking, both mentally and fiscally.  Here is a list of a few of the most important things you need to do before you buy a home:

  • There are several things you absolutely MUST do before you buy a home!Compare the Comps – Check out the prices of homes that are comparable in size and amenities in the neighborhood you are looking to buy a home in.  You can do this on the internet via sites like Trulia.com and Zillow.com.  But, their information  may be several months out of date.  It is always best to consult with your REALTOR®.  We have access to the most accurate and up-to-date information on all neighborhoods in the area.
  • Check Your Credit ReportAnnualCreditReport.com is the only government sanctioned website that can provide your credit report for free.  Once your report has been sent to you, go over it thoroughly so you can identify and correct any mistakes you find.  Mistakes do happen often.  In order to get the best interest rate possible, you must have a credit score over 700.  The lower your credit score, the more money you will be paying in interest.  By clearing up any mistakes on your credit report, you will be able to get a better interest rate on your mortgage loan.
  • Get Pre-Approved, Not Pre-Qualified – It takes just moments to get pre-qualified.  But this doesn’t mean you will be approved for that amount on a mortgage loan.  By getting pre-approved, you know exactly how much you will be able to spend on your new Southern Maryland home.  Also, sellers are happier to work with someone who already has financing in place.
  • Consider New Construction – With so many brand new homes sitting on the market, builders are ready and willing to negotiate on prices.  Always make sure to research the reputation of a builder before sitting down to negotiate with them.  Your REALTOR® can help you out with that as well.
  • A Home Inspection is a Must – Whether you’re buying a brand new home or one that has had several previous owners, you will want to get a home inspection.  Even brand new homes can have unseen troubles hidden within their walls.  A home inspector will be able to point out potential problems.
  • Run a Title Report – The title report shows whether those additions and/or renovations the owner made to the house were properly permitted.  If they weren’t, it could cause a headache when you go to sell it in the future.

These are some of the most important things you need to do before you buy a Southern Maryland home.  If you have any trouble or need any help, always consult your REALTOR®.  We’re trained to handle these things.

Susan Cleary, your Southern Maryland real estate specialist