Tips for buying a house in Yakima

Tips for buying a house in Yakima

Choosing your real estate professional is one of the most significant decisions you will make when browsing homes for sale in Yakima County.

We believe the more you look around, the more you will see the true value of working with the real estate professionals here at Coldwell Banker Yakima. We have years of experience in our area, and we are eager to start the home buying journey with you.

No matter who you choose, these tips will help you find and obtain the home of your dreams quickly and efficiently. Moving to Yakima, Washington, should be a breeze, and we can help make that happen. Buying a home, even if you’re a first-time buyer, is much easier when you take some time to prepare for the process.

Our agents are committed to providing home buyers with all the tools and knowledge needed to be successful in our market. This includes three free real estate reports, in addition to the tips below.

Buyer Tips

Tips for buying a house in Yakima

Before you shop

Be a smart consumer. Learn the financing basics and know how to shop for a home loan that's right for you. Learn as much as you can about financing, and search for loans that you can afford. If you have any questions about your financial situation or need advice on how to improve it, contact our agents. We are happy to help.

Get pre-approved. Obtaining a pre-approval letter takes very little time and lets you know the price range that fits your lifestyle. This task is important and simple to complete. It allows you to budget for a property and is necessary before you seek a home loan. Getting pre-approved for your Yakima home will allow you to understand which mortgages you can afford, and which you can't. If you have a home in mind, you can use our mortgage calculator to determine if your potential monthly mortgage payments are within your budget, based on your pre-approval.

Know what you want. Houses are not cheap, and unfortunately, you cannot exchange your house as if you were buying groceries. It is important that you love the house that you’re buying. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time, neighborhood, and necessary repairs. Get acquainted with real estate in Yakima and explore the local neighborhoods. Remember, a shade of paint can always be changed, but the street you live on will remain the same. Pick your battles, and take time to consider what is most important to you and your family.

Keep your debt load to a minimum. When buying your Yakima home, it’s important to make sure that your home is your greatest financial obligation. If you’re thinking about buying a new car, now may not be the time. Avoid making any major purchases, or incurring additional debt until after your purchase. Pay down credit cards and refrains from applying for any new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your monthly gross income.

Be prepared to view new properties quickly. Especially right now, houses for sale in Yakima, WA sell quickly, so be ready to make fast decisions. Be accessible to change the terms. Have an open mind. Perhaps the home of your dreams is a home you would never even expect.

Have instant access to your agent. Communication is always vital when it comes to any major purchase. Instant communication can make a difference in purchasing the property of your dreams. Our team of real estate experts are prepared to find the perfect home for you, and we are thrilled to be apart of the process. If you’re ready to start communicating today, contact one of our agents

Tips for buying a house in Yakima

Before you buy

Submit a strong competitive offer. A key factor when attempting to purchase property is submitting an offer that is both appealing to the owner and also within your budget. An ambitious offer will bring more attention to you as a buyer. It’s best to get advice from the professionals. Our real estate agents have current market knowledge on Yakima real estate and we are more than happy to help you come up with an offer that will get noticed.

Include a substantial earnest money deposit. In addition to a strong offer, most buyers require an earnest money deposit in order to secure the sale. Generally these deposits are around 1-3% of the total purchase price, however, a larger deposit may bring more attention to yourself as a buyer.

Try to minimize the number of contingencies. Fewer contingencies clauses within your purchase agreement may ease the process for both you and the buyer. Yet, they can also benefit you as well. It’s best to understand what contingencies come up in your new home’s neighborhood, so ask your real estate professional for advice on which risks to keep and which to ditch. Our real estate agents will joyfully assist you in deciding which contingencies are worth keeping.

Hire an inspector. You want to make sure that the Yakima, WA, home you are interested in buying is in top-notch shape. A professional building inspector or appraiser will make sure the house of your choice is in satisfactory condition. An appraisal is needed before you can move forward with a home loan.

Check zoning regulations and covenants. Residential neighborhoods with a good reputation often will be zoned in order to keep out commercial and industrial users. It is important to research these regulations before you decide on which neighborhood will suit you the best. Read any restrictive covenants and make sure they fit your lifestyle.

Request an updated property survey.Be sure that the property survey clearly marks boundaries. Check for problems you may see, and contact your real estate agent about it.

Make sure you know what stays or goes. Read through your contract to make sure which items and appliances are included with your purchase.Our agents will happily go over your contract with you and identify the items that are included in your home purchase.

Get agreements in writing. File copies of your paperwork and make sure that certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later. 

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