Three Parts of the House Buying Process You Might Not Be Aware Of

Buying a new house can be an exciting and nerve-wracking process. The fun of looking at potential homes may be tempered by the overall process which has several steps. Working with a realtor, visiting properties and securing a mortgage are well-known parts of the journey, but here are three steps that you may have not been aware of going in.

Home Inspection

You generally can’t try on a house or take it for a spin. This is why an inspection is an important step in the buying process. When you’ve found the right place, hire a certified home inspector to check the building for signs of damage or issues. This pro does a complete examination of the structure from the foundation to the roof. Your inspector should check the HVAC system, electrical and plumbing systems, attic, basement, walls, ceilings and floors and provide a report for use in negotiating repairs and a final selling price.

Land Survey

When buying a new home, a land survey may be conducted. A licensed surveyor helps to confirm the limits of your property. Imagine building a residence that is partially on your neighbor’s land! This survey also reveals easements and restrictions on the land. For example, you might not be able to build a fence that would impede a utility company from accessing your home. A boundary surveying contractor near me Buford GA can help fulfill your survey needs.

Home Appraisal

Your mortgage lender will find an independent appraiser to estimate the value of your property. This third-party company researches the property to verify whether the price you’re paying (and the loan that the lender is providing) is a fair amount. Appraisers consider the size, shape and topography of your loft, as well as nearby amenities.

Buying a house can be a complicated process. It’s not like purchasing a car or major appliance. It’s important to be aware of some of the not-so-obvious steps such as the home inspection, the survey and the property appraisal.