What you need to know if you are buying a house.

1. First make sure you can insure your new home.

Why? Because some homes are uninsurable. Some homes do not meet insurance companies standards. Old outdated wiring, plumbing, or old construction that does not meet building codes. At the very least it may lead to higher premiums if the insurance company agrees to insure the property. After signing a contract for purchase you have five business days to have a professional inspection conducted. If you fail to get the inspection you waive the opportunity and you take the house as is. So it is important that you have the property inspected and then give your insurance agent the inspection report and make sure the property is insurable.

2. Apply for a loan and get approved as soon as possible.

That way you know how much you can afford and will not waste time looking at homes out of your price range.

3. Get the home inspected to make sure there are no costly repairs that are needed and that the house is up to code.

Another issue an attorney will help you with is Title. What that means is that the Title to the property is clean. That the Seller indeed owns and that there are no liens on the property.