Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
Get your finances in order.
Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.
Find a house you can afford.
As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.
Hire a professional.
While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.
Do your homework.
Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.
Think long term.
Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.
Author:Mary Baggett Phone: 850-524-2777 Dated: July 28th 2016 Views: 181 About Mary: About Mary Baggett
I feel it is important to serve my clients tirelessly from that initial conver...
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Looking to buy a home? Here are five essential tips for making the pro
"I am a first time home buyer. As you know, the process can be a bit intimidating. I consider myself a very lucky guy because I met Mary Baggett. I first contacted Mary via e-mail. From the start, Mary’s top priority was “finding your perfect home“. Mary began the search, looking for a townhouse with my description and within my budget. I must tell you that Mary took her time and explained everything in detail whenever I had what I considered numerous, monotonous questions. Mary went over the smallest of details until she was certain I understood everything. I took a while to find a house. There were times I thought it would never happen. Mary never gave up and she didn’t let me down. She was able to work a great deal and now I’m in my “new” home. Mary made the whole process a breeze! When I am in the market for my next home, the only call I’ll make is to Mary Baggett. Thank you Mary for making this as smooth and painless as you did. I would recommend you to anyone and everyone looking to buy or sell a home."