There is a post on a blog called New Homes Section, Illinois, titled 5 Things To Know About Buying A House. It’s a pretty good article if I say so myself, but I think there are more things to add to this list, which I’m going to do now.

1. Don’t get pushed into buying a house if you’re not feeling it. Realtors are taught that many people will suffer from what’s known as “buyer’s remorse”, so they’ll work hard to encourage you on a house that you might have some hesitations on. Stick with your feelings because a home investment is not only costly, but it’s a long deal, the longest arrangement you’ll ever enter into other than marriage.

2. Make sure you send in your own inspector and make sure you understand what they’re telling you about a property. Realtors will recommend inspectors for you, and I’m not saying that they’ve got a cozy relationship with each other, for the most part, but you’ll do better finding your own. Once you do that, when they give you a report make sure you ask them what they mean by some of the things they say. Often they won’t give a red mark to something, but they’ll indicate something that’s less than being totally positive. Those types of things could end up costing you a lot of money later on, so it’s best to know up front what’s going on.

3. Even with disclosure laws, you might not hear about every problem a house has. A homeowner might not tell you that the roof leaked during one major rain storm, especially if it doesn’t leak every time it rains. The same goes for flooding in the basement. If you ask the question and get a false answer, which you’d know later on, if you documented it you’ve earned some rights of protection. If you don’t ask questions, it’s all on you.

4. Know your own credit report. Here’s the thing. Even if you’ve been approved for a loan by a realtor, the mortgage rate you get might not be up to snuff because of your credit rating. Of course, those of you who read this blog know how I feel about credit scores in general, but lenders still use these things, and you might not get that wonderful 5% mortgage rate you’ve been hearing about if they’re worried about your credit viability.

5. Even if you’re having a house built, make sure you have it all down on paper. I learned this lesson from my mother, who dealt with a salesperson that ended up having a bad reputation. He promised my mother a lot of things and she made him write them all down. When the company fired him and came to her saying she couldn’t get all those things, she produced the paper that he’d signed promising those things, and she got them, to their dismay.

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