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As
the title says, it is not that simple. There are things you need to consider before
buying a home, during the process itself, as well as after actual purchase.
That is, if you want to be completely safe that your new home is truly yours
and the one you looked at before purchasing. That is why we prepared a list of
issues that you need to check to be absolutely sure that you will be a true
owner of a new home in the end. Furthermore, it is strongly advisable that, in
case that you are not proficient in contracts and property transaction, you
hire a professional who will look into every legal detail on the matter.
Before you buy
Setting
a budget is a crucial preparatory action. It is important that you are aware
there will be more expenses than mere property value. Contracts and various
taxes that you will have to pay, such as property tax, ownership transfer tax,
homeowner’s insurance to name a few, vary significantly in number and value
from city to city and country to country, so you should check with local
institutions what the exact amounts are. In general, it would be smart to
prepare a certain extra amount just to be safe, imagine the disappointment you
would feel if you were not able to become a full owner due to budget
miscalculation. Furthermore, unless you are paying in cash knowing every detail
of your mortgage terms is essential for calculating
the total price.
During the purchase
When
checking the house you plan to buy make sure you go through every detail twice.
Do not rush lead by a desire to finally have your own home. Take someone experienced
with you on an inspection of the property, especially if you are impatient
about purchasing since eager new homeowners tend to just glance at things,
missing important issues along the way. It is not rare that numerous different
issues, such as faulty plumbing, damaged electrical wiring, a leaking roof and
similar are noticed the very next day the purchase agreement was signed.
Furthermore, the articles of this contract are something you should read
carefully, twice. Again, it would be smart to have a legal professional read it
and correct anything that could be problematic for you as a buyer and a new
owner. The property should be under no legal obligations and as such
transferred to you.
Purchase and onwards
You
are finally at the stage of conveyance. Once more local specifics are
important. Property conveyancing in
Australia can be rather different

from one in USA or France, for example. The afore mentioned property taxes and
ownership transfer tax are not of fixed value even within one country, so make
sure you are familiar with what is expected from you as a new owner.  For example, obligatory property insurance
may be required in UK, but it does not have to be in USA. Therefore, be fully aware
of your current and future obligations.
As
you can see, a lot of issues have to be taken into consideration.  After all, it is not everyday that you are
buying a house and you should be well prepared in order to become a responsible
homeowner, especially the one that sleeps well after the purchase. 
Infographic
by www.reiq.com