Defining Questions When Looking for Home are as important to the Buyer as they are their Realtor.
If you take just a little time to prepare well and answer some important questions, your process will be much smoother and more satisfying when looking for a home. Seeing " more " homes is not necessarily as good as seeing less of the right homes. In fact, in my experience it is critical to carefully weigh many defining questions prior to looking at someones private home.
I have seen many ( many ) times when buyer clients seem to think they should view several homes prior to making a decision. In most cases, this is not actually true. Having TRUE sense of what you really want and need in a home can rule out many homes on the market prior to running all around viewing homes that will not work for you. And most of all it always becomes exasperating and discouraging, and very time consuming for both the client and their agent. I have had several buyers miss out on " the right home " by continuing to view homes, only to circle back and lose out.
The majority of the hard questions need to be asked and answered BEFORE looking at homes!
HERE ARE SOME GUIDELINES AND QUESTIONS I HOPE YOU FIND HELPFUL!
1) Do not ask/expect a Real Estate Professional to show you homes, until you have done your part by becoming pre-qualified. Agents are not privy to their clients financial information and what may or may not affect someones ability to qualify for a loan whatsoever. All a lender is able to share with us is
" Yes/No " we can pre-qualify them for xyz amount /price range. We need that pre-qual in order to verify it is the right time for you to look at homes.
2) ALWAYS have a comprehensive buyer meeting with your agent prior to looking at homes ! ALWAYS.
KNOW what fund$ you need to have ahead of time to be purchase ready. Consult your lender for this, but know before you can begin shopping for a home you need to know how much you need for a down payment, closing costs, inspections, appraisal and those funds must be available.
3) Only look at homes in your approved price range. Going over that by just 5% can waste valuable time. The seller of the home only wants people who are qualified very close to asking price to view their home.
4) Be very specific about what your MUST Haves are and your DEAL KILLERS. So you don't look at homes that are not right for you.
Here are some defining questions to ask yourself, and discuss with your agent :
1) What is your prime LOCATION target? and why? ( work commute, ect )
2) What specific SIZE, STYLE,ERA of home do you see yourself in, and why?
3) Do you have children/family members/ pets to accommodate?
4) Do you have any FURNITURE you can't part with that has to be considered? Dining Room table, Master bedroom set, ect?
5) Are you able/willing to do any improvements/updates on a home?
6) What features are you non negotiable about in a home? ( example: Central a/c, hardwood floors, daylight basement...)
7) How many homes have you bought/sold and what would you do different/ better this time?
8) What do you do in your spare time ? Would you like to be close to anything ( example, downtown, nature, ect )
9) How long do you think you will be in this home?
10 ) What are you most concerned about regarding this major decision ?
Buying a home is very exciting exciting, but also a huge task, and requires excellent guidance! If you are thinking of buying a home in Spokane WA I would be happy to answer any questions you have! I hope this article is helpful to anyone thinking of buying a home.