There are several steps you can take in order to make sure your real estate purchase is as stress free as possible. By doing a little homework and a little legwork you will know what to expect and that will help alleviate any stress you are having about buying your new home.
Get Your Finances in Order
Getting all your ducks in a row ahead of time will save you the most stress! The seller wants to be reassured that if they accept your offer that the deal is going to go through, barring any last minute title or inspection issues. Just note that getting pre-approval WITHIN the past 30 days is ideal. A pre-approval from six months ago is unacceptable in the current real estate climate.
Understand Your Big Picture
Are you a short-term buy or a long-term buyer? A short-term buy might consider a home that will be a good investment and that will attract buyers when you decide to sell it. Long-term buyers will want to look at more than just the house. Do you love the neighbor hood and school district?
Know Your Market
Have your real-estate agent help you understand your local market. Compare what properties have sold for during the previous six months. This will help you figure out what you can afford and what you should expect price-wise.
Search and Buy Within Your Means
Starting your search with honest and realistic expectations is the key to finding a home that meets your needs without breaking the bank.
Don’t Wait for Prices to Drop
The real-estate market is always unpredictable but the current belief is that housing prices will not be going down anytime soon. If you decide to wait for prices to drop you could be watching prices actually increase. Now is really the time to buy!
If you don’t understand something ask questions. Ask lots of questions. The more answers you have the more at ease you will be. Prepare some questions ahead of time and write them down so you don’t forget to ask. Even if you question seems silly: ASK!
Bonus Tip: Using a Buyer Agent is a great way to simplify finding and buying a house. A Buyer Agents goal is NOT TO SELL their clients any specific property.
The Buyer Agent is there to assist you in every way possible to finding the right home for you.
Want to know more? Learn more about our buyer services!