Prevent Frusrating Situations When Buying Your South Lake Tahoe ...

Does the stress of the unpredictable keep you from buying a house? Or does it keep you up at night? For many people it is hard to take such a big step because of all of the uncertainties. However, you do not need to live in fear of buying a home. There are some steps you can take to make sure you have a more positive home buying experience. You don?t need to let fear keep you from buying your dream home in South Lake Tahoe anymore.

Before looking to buy a home you should study up on what is entailed in the home buying process. Become comfortable with what is expected in the purchase transaction. This information can help you minimize any unexpected turns.

One of the most important things you can do is study up on the South Lake Tahoe real estate market in real time. Some people will save for years for that dream home and then realize that the market has changed quite a bit from when they first began saving. You could end up losing out on that dream home now that the real estate market is starting to come back. Homes that have sat for over a year are now getting multiple offers. When looking into the South Lake Tahoe real estate market try checking out other options for buying homes like an online auction.

The best way to study up on the South Lake Tahoe real estate market would be to talk to a real estate agent. They can give you all the information you need on homes in the area. You should begin by looking at how long the homes have been on the market, inventory levels, and the sales price compared to the asking price.

You should also remember that you do not need to go into the home buying process alone. Your real estate agent and mortgage broker both have a lot of experience and you should utilize their knowledge to find the perfect home. Be sure to tell them about your concerns so that they can help you in minimizing any fears.

If you are worried about the move-in date or closing costs, then the agent or broker could call in some favors to help you out. They can also educate you on what could cause delays or any other fears you may have. For example, if you are worried about how much cash you will need at the close, then closing the fourth week of the month may be the best answer for you. Usually the prepaid interest is less at the end of the month compared to the beginning of the month. However, in this case you would need to be concerned about escrow closing on time. Your South Lake Tahoe real estate agent could help in making sure escrow closes on time so be sure to communicate your wants, needs and fears to them.

The closing date/closing costs are usually where all those nasty surprises occur. You must depend on others to keep up on the dates. In order to minimize these surprises you can keep a calendar of when each process should be taking place. You help to keep them on track or at least be prepared for delays. Your South Lake Tahoe real estate agent can help you create an escrow calendar to help in this process.

Many people end up causing their own delays by not being honest on their loan application. The simple fact that you claim you are divorced before it is final can destroy the loan process. Many people have caused delays by not being brutally honest on their loan application. It is important that you tell the entire truth on the loan application in the beginning. Otherwise you may have to handle these problems a few days before closing which can cause many more frustrations, delays and problems.

The best thing you can do when buying a home is to allow both a time and money cushion. In some cases you can come within a few days of the close of escrow and the lender may require a few thousand more dollars. This can seem as if everything is falling apart if you have not prepared for such instances. Others have a specific date for moving planned when you should allow a few weeks to move in case of delays. Allowing for extra time and extra money can make the home buying process much more pleasant in South Lake Tahoe.

With all of these preparations you can make sure you have a positive home buying experience in South Lake Tahoe. For any other questions or concerns on buying a home please feel free to give us a call.

~Kristi

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