Preparing for Your House Hunt
Buying a home is one of life’s most important investments and exciting adventures. Whether you are a first-time or experienced buyer, it’s important to spend some time preparing yourself before you start your search so you are aware of the potential pitfalls and stumbling blocks that may pop up during your path to homeownership success.
Here are some things to keep in mind before and during your search:
Do the math and establish your purchasing power. Meet with a lender who will help you determine which type of financing will work best for you and how much you qualify for with each type. Getting pre-approved can put you in a much stronger negotiating position because it shows the seller that you are a committed buyer, financially capable of buying the property and more likely to close on it. We can connect you to experienced and trusted local lenders. Simply reach out and we will personally make the introduction and answer any questions you have.
Commit to working with a strong buyer’s agent who will look after your best interests and work with your schedule. Even better if you have a team. We will be here for you every step of the way. Buyer’s agent commissions are covered by the sellers of a property so it’s only to your advantage to have an agent on your side early in the process.
Start surfing. Start looking on websites like Realtor.com, MLS.com and Zillow.com for homes that fit your particular criteria. Bonus, You can email us your criteria and we will create a Customized Client Portal on the local MLS so you are notified immediately when properties are listed that fit your criteria
Location, location, location. Narrow your search before you start touring every house in town. Decide what neighborhoods work best for you and your family. Check out school districts, shopping and dining, public transportation, recreational areas and crime statistics.
List your priorities and prepare to compromise. Make a list of the features you are looking for in a house and rate them on a scale of one to five, with five being a feature you can’t live without. Then, bring your list with you as you tour homes to keep score.
Would you like French doors with that? Once you’ve found a home you like, consider the costs of upgrades, repairs or remodels and factor those in to your short or long term budgets. Remember that any upgrades you make, will likely add value to your new home. So it may be worth the extra investment up front if you are planning on selling your home in the foreseeable future.
With this checklist and the right market conditions, you are well on the road to home happiness. For additional information on the opportunities in today's market or for expert representation, contact us today.
If you are not already working with an agent, we’d be honored to work with you on this major step in your life. Let us know how we can help. We advocate for our clients and are prepared and proactive so the process is as advantageous for you as possible.
Denise and Shane