Buying a Home?
5 SERIOUS SUGGESTIONS IF YOU TRULY WANT TO BUY A HOME
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can be very frustrating to buy if you are not prepared.
1. Get Pre-Approved for a Mortgage Before You Start Your Search
One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach. This step will also help you narrow your search based on your budget and won’t leave you disappointed if the home you tour, and love, ends up being outside your budget!
I HAVE SEVERAL TOP NOTCH LENDERS I CAN RECOMMEND ... NOT EVERY LOAN IS ALIKE NOR IS EVERY BUYER
2.What do you need vs. what do you want
Does the home need to be turn key ... don't forget that getting paint and new flooring don't really take that long -- sometimes they amount to nothing more than a weekend project -- Again, I HAVE SEVERAL TOP NOTCH TRADES PEOPLE TO RECOMMEND
list all the features of a home you would like and then qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items.
3. Research and Choose a Neighborhood You Want to Live In
Every neighborhood has its own charm. Be open to where you want to live but at the same time, drive other neighborhoods and at least give them a chance. Perhaps what you are looking for are just a short distance from the line you said you did not want to cross.
4. Choose a home style that works for you
If you have pets that you want to ensure have plenty of room, let's not look at squeezing them in somewhere. What school district is important to you? Do you need a bedroom on the first level, wait for a home that works for you and do not jump at the first opportunity just because it checks most of the boxes. Be realistic but yet at the same time be practical. There will be plenty of compromises you need to make but not on the most important of needs.
5. Document Your Home Visits
Keep track, write notes. I always provide property information for my clients while we are looking at properties. Also, use your cell phone to take photographs to help you keep homes from blurring together.
In this high-paced and competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.
Bonny K. Goetz
Coldwell Banker Residential Properties