Most buyers who begin the process of looking for a home whether it’s your first or your fifth begin the journey filled with excitement and a bit of trepidation. This is understandable when you consider that purchasing a home is one of the biggest financial decisions you will make during your lifetime. There are many variables involved on the path to finding your new home.
Samples of the Home Buying Process:
- Mortgage Application
- Explore Financing Options
- Understanding Closing Costs & Downpayment
- Determining your Dream Home
- Locating suitable Locations
- Negotiating Price & Terms
- Order Survey
- Home & Property Inspections
- Negotiating Repairs
- Contracting Professional Vendors
- Bank Appraisal
- Choose Home Warranty
- Closing Attorney
- Facilitating all paperwork, contracts & invoices
- “Time is of the Essence”
- Final Walk Through & Inspections
- Closing on Your New Home!
5 tips to save you time, money, and headaches:
1. Get Pre-Qualified – before you can seriously consider purchasing a home, it’s important to know exactly how much you can afford. This can be the scariest part of the buying process for some. It’s perfectly natural to be nervous but we can put you in touch with someone you can trust to help get you pre-qualified.
2. Always Think Resale – In the US due to the mobility of our economy the length of ownership is about 5 to 7 years. This is important to keep in mind when looking for your next home. For instance homes backing up to a busy street or railroad sell for less and take longer to sell than other homes in the neighborhood.
3. Aesthetics Can Be Changed – flooring light fixtures plumbing paint colors and wallpaper can all be changed. Don’t let the lime green wallpaper turn you off of your potential dream home. Think of how much fun it will be to make a home yours!
4. Don’t WAIT! – too often we have seen home buyers fall in love with a property wait a few days to make a decision because they are nervous and the home that they fell in love with SOLD! If you love the home don’t wait for someone else to live in YOUR home – be prepared to write an offer!
5. Compare Sales – to determine the best price to offer or to know if the asking price is correct look at the recent sales of similar homes called “comparable sales.” Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase usually sold in the past few months. Specifically you want to compare prices of homes that are similar in square footage garage spaces number of bedrooms and baths lot size etc. Let us help you with a Buyer’s Market Analysis.
I’d be honored to help guide you on your journey to homeownership. Please do not hesitate to call me with any questions, thoughts or ideas anytime. I’m more than glad to help.
For more information on buying and finding a home please visit www.realtor.com