Richmond was rated by MSNBC as one of the top places to start over, and why not? The city has a rich history from the Civil War period onward. The region has several Civil War museums dedicated to the battles fought there, and there are outdoors activities galore for the outgoing. In Richmond, you’re about a half hours drive from anything and the city has several businesses on both the Fortune 500 and Fortune 1000 lists. Before you make the move, be sure that you have researched the purchase and decided that Richmond is for you.
The First Steps
Before you begin shopping for homes for sale in Richmond Virginia, it’s a good idea to get prequalified from a lending institution. Prequalification typically carries no strings, meaning it’s good to learn what you can afford without being tied into a loan. You should also think about things like schooling for your children (or future children) and have a vague idea of what you actually want in a home. This is different for everyone: some people will want a huge kitchen with an island, some want ample gardening space and others are happy with a fixer-upper they can customize over time.
Lastly, secure about 20% of the purchase price of the home for a down payment. When it comes time to purchase, you want to make sure you can put down enough on the home to secure the purchase.
By this step, you should have a full-fledged wish list of items you want in the home. Find a realtor in Richmond VA for yourself and go over your wish list with your agent. You should also obtain a copy of your own credit report so that you know upfront whether there are obstacles between you and your new home.
Your agent should have a better working knowledge of the Richmond area than you do. Even natives might be surprised at the small pockets of suburbia unearthed by an experienced realtor. Remember to do plenty of drive bys at different times during the day. You should also ask your agent questions about the area to fill in some of the blanks you’re not aware of. Things to know include:
- Crime rating
- School system quality
- Proximity to airports and other sources for noise pollution
- Proximity to manufacturing plants and other sources of air pollution
There will always be things that you didn’t expect, especially after moving in. The point is to try and reduce those surprises by repeatedly viewing the home.
When you’re ready to make an offer on a home, your agent will typically guide you through the process. Beginning with the amount to offer, the agent should help you establish which items you’re actually purchasing and hammer out additional details relevant to the contract.
Escrow can feel like an eternity. Use that time to shop around for home insurance providers and get the best policy for you.