1. Find a real estate professional that relates to you. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the agent you choose is both skillful and the right match for your personality.
2. The “right” time to buy is now, IF you’ve found the “right” home. Don’t try and second-guess the current interest rates (why would you at these rates) or the housing market by waiting. Changes don’t usually occur overnight, or fast enough to make a notable difference in price. Plus, if it’s a truly good home it won’t be on the market long!
3. Be careful asking for too many opinions. Just like any other buyer, you want reassurance on such a big decision. However, too many ideas from too many people will make your decision harder to make.
4. No house is completely perfect- know that going in. When buying a home it’s important to “choose your battles.” Decide what is most important to you and let go of the minor issues.
5. Don’t over-negotiate on terms. It’s always our goal to get you the best deal possible on your home, but trying to “win” by getting an extra low price or too many provisional terms could end up costing you the home of your dreams.
6. Make sure to check around the home. Don’t focus only on the home your buying and its features like room size, updates, and garage. Make sure you take into consideration things like noise level, commute, and future plans for you and the area.
7. Get pre-approved for a mortgage FIRST. Don’t make the mistake of falling in love with a home, or looking at countless homes that you can’t end up affording. Talk to a lender before you start your search, that way you know exactly what your budget is capable of.
8. Don’t forget about home maintenance. You should factor in the cost of upkeep, repairs, and other utility bills in your budget.
9. You will have buyer’s remorse. It’s inevitable, but it WILL pass. Buying a home is a huge commitment and it’s hard not to think “what if we had looked longer” or “we should have bought the other one.” Even though the commitment is big, the reward is bigger.
10. Choose a home because you love it. It’s important to look at the return of investment, but the most important thing is that you have found a wonderful home you love, in the area you want, for the price you can afford.
If you’re ready to start looking for your new home, contact us with any questions you have or help that you need!