Don’t let fear ruin your home-buying experience.
Buying a home is a major financial investment, and it’s natural to have some reservations about the house hunting and buying experience. However, you cannot let your fears stop you from closing on your dream home. Here are some of the most common home-buying fears and what you can do to face them head-on.
- Fear 1: Bad Real Estate Agent
When you are house hunting, it’s imperative that you work with a top-notch realtor. Good realtors always have your best interests in mind, and they are always eager to investigate new properties that you may be interested in. If you feel like your realtor is not listening to you or has different motivations, then do not be afraid to find a new agent. Only work with agents that are committed to you.
- Fear 2: Bad Home Inspection
Many home buyers are scared that their home inspection will uncover serious issues with the home. While the inspection process is nerve-wracking, it’s important to remember that the inspector is supposed to point out every issue they see with the house. This means that, while the list of issues will be long, most of these problems are minor and do not require your immediate attention. If an inspection does turn up bad news, then you still have some options. The best way to deal with these major repairs is by going back to the seller and seeing if they will handle the repairs or credit you for the cost of repairs.
- Fear 3: Losing Your Deposit
When buyers make a deposit on a home, the seller does not cash the check. Instead, it sits in escrow and cannot be released without both the buyer’s and seller’s signatures. This process means that it’s nearly impossible for a buyer to lose their deposit.
These are some of the most common home-buying fears and what you can do to alleviate them. If you are about to close on a new home, then you need to protect your investment with the right homeowners insurance. For assistance with your home coverage needs, contact the experts at Steve Wilk Insurance. Check out our new office today at 310 S Main Street, Suite C, Lombard, IL 60148.