Purchasing an Ulster County home, or any home for that matter, is a complicated transaction. It can be simultaneously exciting, overwhelming and confusing. The following is a general guide with 5 natural phases that you can follow to help you navigate through the process and find the home that is perfect for you. Earlier we brought you Phase 1 - Decide To Buy - Is Now the Time For You? Now we’ll move onward to phase 2.
Phase #2 - The Learning / Research Stage - Deciding What's Best For You
Once you’ve decided to purchase a home, a little research and self exploration is next. This is one of the more involved phases and can be a lot of fun! You can focus on exactly what it is you want as a buyer and phase out what you don‘t want. You should ask yourself a series of questions, and explore what is most important to you about your future home. Some buyers really surprise themselves during this process when they narrow down exactly what their priorities are.
Think about your reasons for buying, what motivated you to want to purchase a home? Perhaps you need more space and storage, maybe you’ve got a growing family. You may simply be looking for a solid investment, or feel the need to move to a more or less populated spot. Your career may be taking you to a new area, or maybe Mother Nature inspired or persuaded you one way or the other. Knowing why you want to buy a home is very important, and may not be as clear as you think. If you're moving to accommodate a growing family, then school district may be critical in your decision. Maybe you’ve always dreamed of an old and charming home with character and history, just remember those old homes may need potentially expensive upgrades and maintenance, or an owner who’s handy and dedicated. If the home is strictly an investment, don’t concern yourself with whether you personally love the trim or style, stay focused on the bottom line. Some people absolutely love the water! As hurricane Irene recently showed us, the potential for flooding is very real on waterfront homes, but due to the beauty and tranquility of the water, waterfront property continues to be very valuable and highly desirable. What moves you to want to buy a home?
Timing is important when purchasing a home, as it affects how you look for one. Families may want to be settled by the time a school year begins. Maybe your job or public service is transferring you, or perhaps you cannot move until you secure a job in your new location. Some people have to sell their current home before they buy a new one, as the cost of carrying two homes can be a lot. A savvy investor might want to jump when rates and market conditions are just right. And of course you always have the “tire-kickers” who are in absolutely no rush whatsoever until they find that perfect home that meets every need on the checklist, which is Ok too. Whatever you your timing is, identify it and understand how it influences what you’re looking for. That will help you determine the pace and urgency (if any) of your search for a new home.
Now that you’ve got a pretty good idea what you’re looking for the search can begin! We live in an age of such innovation that buyers can do an amazing amount of research or casual browsing right from home. Searching through homes online can help you get an idea of what your desired market. You’ll get a sense of what homes cost and current market conditions. Browsing online can serve as an introduction to a Realtor, if perhaps you find a website that you consider particularly helpful or user-friendly, it may prompt you to pick up the phone and call. If you like the style of a brokerage’s site, then perhaps you’ll jive with one of their agents. A Knowledgable Realtor should always start by asking the questions presented in this blog, so that they know what you need and desire. We ask these questions to help save you time, and find the home that is truly perfect for you and your needs. Up Next we hit the middle of our series with Phase #3: The Identifying Phase, followed by Phase #4 and Phase #5.