TOP TEN things to prepare for your Home Buying Experience

By
Real Estate Agent with Desert Star Real Estate

The Heat of the season is quickly coming upon us here int he desert. Even so, the Real Estate Market is HOT. Listings of Fore-closures, short sales and standard sales all have dropped over 20 percent from a year ago. Prices are trending upwards and often times buyers face competing with multiple offers on purchases. 

The Coachella Valley, Palm Springs area has been bucking the trend oif the Riverside county. There has never been a better time to purchase a home, investment or second home here in the valley. Interest rates today are about 3.875 for a 30 year conventional loan.

If you're thinking about purchasing here or else where, here are some things to be better prepared:

1. Choose a REALTOR that knows the area.

2. Shop the lenders in the local market, (Your REALTOR can suggest a few)

3. Get Pre-Qualified or Better yet Pre-Approved if you're taking out a loan

4. You'll need proof of funds for your deposit and closing cost. (Bank Statement)

5. Listien to your REALTOR on price. Going in low on many listings can turn off the seller / Bank

6. Be ready to select a home inspector

7. Make a list of things you have to have vs things that would be nice

8. Expand your search to include prices about 10/15 percent higher than you think you want to spend

9. Take notes as you tour homes so you will remember the pros-cons.

10. IF you find something that speaks to you, make an offer. 

Those are my top ten things I tell my clients as we begin working together. 

Enjoy your weekend and happy hunting!!

Kevin 

Comments (3)

Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Take pictures if allowed to help remember the different properties. 

Good list, have a great holiday weekend out there on the left coast. 

May 25, 2012 10:52 AM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

What a great list of how to prepare to buy a home. This should be required reading for especially first time buyers.

Gretchen

May 25, 2012 12:12 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

All great points I always like to keep the property within two as the buyer compares the one to the last either yes or no

Jan 20, 2013 07:49 AM