When buying a home, you have to treat it the same as if you were selling a home – get a REALTOR®. Not only do you want any REALTOR®, you want someone that is going to listen to your needs and wants and translate it into your home search. Pick someone who is professional and dedicated to your requests before and after the sale. If you establish a well-rounded relationship with your REALTOR®, it will allow you to gain trust and let them work well for you. Sometime you’ll find when you are searching for homes on the internet, many will not be available because they already have an accepted offer but have not been marked as sold yet. Your best bet for having a more successful search would be to contact your REALTOR® and they will have all of the up-to-date information on the homes that you’re interested in, including all the information that is not yet released to the general public. Once a REALTOR® has seen what you are interested in, they can use their professional resources to help you find your dream home.
Make sure you are pre-qualified, this will make the process a lot easier on yourself. Take some time out of your day to head down to your mortgage professional and they will take it from there. They will ask you questions about your income, debt and any other aspects that may affect your ability to qualify for a mortgage. These questions will help determine what you can afford and the price range you can start looking in. This is an extremely important step you cannot afford to miss. Another smart idea when buying a home is to educate yourself on all the total costs involved. Early on in the process, your REALTOR® should go over all the possible costs you can encounter in the process of buying so you know what to budget for. These fees can include things such as: inspection costs, title insurance, laywer fees, appraisal costs, Property Transfer Tax, etc.
Every home is different and they are not all perfect. When buying your home, you have to go through a process of elimination. Make sure you take all odds into consideration and keep your eye out for your needs more than your wants – remember, you can always change things once you own the house. However, it is important to think of your future within the home – how many bedrooms are you going to end up needing – is this a big enough space for you five years down the road? Having a clear idea of your five year plan may come in handy when searching for your home.
Make sure that you follow through on the necessary due diligence. Ask all the important questions before buying a home so that your confidence can increase within your purchase. A necessary step we always recommend it having a home inspection. The home may look great on the outside but you don’t know what can be on the inside without a professional’s insight. Not getting a home inspection done may be a strategy to save money, however remember that trying to save money now may end up costing you more down the road. Make sure you analyze and potential insurance issues that could result from the inspection and ensure you are able to purchase acceptable insurance. If you are not sure about the insurance aspect, ask the professionals around you such as your REALTOR® or an insurance agent.
Everyone’s buying process is different. When buying a home, picture yourself in it. Can you see yourself living here? Can you see your kids growing up here? Is this the right place for you to downsize? Ask yourself these questions and make sure you listen to your answers. There are a lot of steps that go into purchasing a home, but at the end of the day, you’re the one that lives there so you have to love it – we are just here to help!
If you have any questions about buying or selling a home, contact us and we can answer any questions you may have.