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5 Things to Know When Buying a House in Mountain Home, Arkansas

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Joey Peglar | Home Buying, First Time Home Buyer | September 17, 2015

So you are interested in purchasing a home in Mountain Home, Arkansas, but aren't sure where to start? Buying a home can seem intimidating, especially if you are a first time home buyer, but with the right realtor, this can be a smooth process! Finding and buying your dream home can be easy and enjoyable! The most important thing to remember is it is not going to happen overnight, so be patient, and you will find the perfect home for your needs, and in your price range. 

1. Choose a Realtor!

Choosing a realtor that is a good fit for you and your family is very important. You will be dealing with the regularly, and you need to feel comfortable with them. It is important that you trust your realtor and their knowledge of the business, and area, especially if you are not familiar with it. There are many things your realtor does for you behind the scenes, so be patient and feel free to voice any concerns or ask questions if you don't understand something. 

2. Budget

Setting your budget should be at the top of your home buying list. Most realtors suggest getting pre-approved for a loan through your lender. Once you have established a budget that will work for you, you can work with your realtor to find the right house, without stressing about payments. There are additional costs to consider when purchasing a home, and it is important to include them up front so you're not stressed come closing day. Make sure your budget includes: 

  • Your down payment
  • Closing Costs & Fees
  • Appraisal and Inspection Costs

3. Finding the Perfect Home

Finding the home of your dreams can seem difficult, but there are plenty of resources for you to use! There are many location options when buying a house in Mountain Home, Arkansas. Decide what area is best for you, whether that be a Golf Course neighborhood, the countryside, a Riverfront property, or maybe a seculded lot in the woods. If you have searched out some homes on your own via the internet, it can help you decide what you do and don't want in a home. Using Peglar Real Estate's MLS search on peglarrealestate.com, can really help you get started. Make a list of things you want in your home such as:


  • How many Bedrooms and Bathrooms?
  • New Construction or Fixer Upper?
  • How many square feet?
  • Do you want acreage, or to be in town?
  • Garage? Outbuilding? Additional Storage?
Make your list as detailed as possible to help your realtor find exactly what you're looking for. Keep in mind, local realtors like Joey Peglar are very familiar with the area, homes and they also have additional tools available to them to help find your dream house.


4. Making an Offer

Once you've found that perfect house, it's time to make an offer! Working with local realtors in Mountain Home, like Joey Peglar, can make this process much easier. Realtors know how to negotiate and get their clients the best deal, while still considering the sellers. Once you've come to an agreement on price, what you want the sellers to cover and include, you're almost done! 

5. Your New Home!

You've made it to closing day, and you're getting the keys to your new home! When moving into your new home, make sure to:

  • Notify the Post Office of your new address
  • Update your records with your banks, employers, Insurance companies and anyone else you may think of.
  • Change all door locks and security or entry codes
 

The Twin Lakes Area is a beautiful region with a variety of locations to suit your preferences. Whether you'd like the convenience of living in town, the privacy of some acreage, a view of the beautiful Ozark Mountains, or the tranquility of a river or lake view, Peglar Real Estate can help you find exactly what you're looking for! We hope these 5 things to know when buying a house in Mountain Home, Arkansas help make your home buying process easier! 

For more helpful information, Download our Free Home Buying Guide!


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