Preparing to Buy a Home

By
Real Estate Agent 01957442

 

When it is time to purchase your first home, relocate, or find a home that better fits your current needs, preparation is essential to reduce stress and make the buying process more efficient. Understanding how you as a buyer can prepare to purchase your home before attending the first open house or showing will set you apart from other buyers and help you to obtain your dream home.

 

In preparing to buy a home, consider what your needs are from the home. How many bedrooms and bathrooms do you need? If this is your starter home, will you live in the home once you have kids? Are you going to need to provide care for elderly parents or family within your home? Each of these questions are life scenarios that impact what your needs are from a home.

 

The next item to consider is location. How long are you planning to live in the location? If you will only be living in the area one year or less, a home purchase may not be the best option for you. Take a moment to consider your life in five or ten years; will the location still meet your needs in the future? Even if you do not have kids, look into the schools for the area. The right school district improves home values, and will help if you decide to sell your home in the future.

 

Sit down and plan a budget. In many cases, potential home buyers only think about the amount the mortgage company approves and not the amount you can afford. When planning your budget, take in the big picture of taxes, insurance, utilities, food, improvements and maintaining the home, car payments, student loans, retirement, and any other expense you may have. Once you review your budget, then you can set the amount for your home within a budget you can comfortably afford. Purchasing a home you can comfortably afford makes home ownership more enjoyable by not adding the stress of financial strain. The proper planning and preparation when buying a home will make the process more enjoyable and help you reach the goal of a new home that fully meets your needs.

 

We at KellerWilliams Silicon City are here to help you with your real estate needs. When you are ready to discuss your options, call me, Matt Nguyen at (408) 784-1846 or send me an email: mattnguyen@kw.com. You can also visit my website for available listings and additional information.

 

 

Comments (9)

Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Great advice for those who are just thinking of getting out there in housing market.  Knowing what you want, where you want it and how much you can spend are essential.

Jun 04, 2015 08:56 AM
Matt Nguyen
San Jose, CA
The Agent That WINS- Susan Thai Team Silicon City

Thank You Chris. It the biggest Investment, time to think things over is good.

Jun 04, 2015 08:58 AM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Matt Nguyen on point for helping your Buyers make this most important decision. 

Jun 04, 2015 12:08 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The good thing is that it provides hope for the want to buy a home.

Jun 04, 2015 03:33 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Definitely very, very on point with everything here and it is the most important decision.

Jun 04, 2015 03:35 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I agree with the comments below that a big investment like that deserves to be at least a fairly big success.

Jun 04, 2015 03:36 PM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Great informtion, thank you!!!

Jun 04, 2015 08:57 PM
Matt Nguyen
San Jose, CA
The Agent That WINS- Susan Thai Team Silicon City

Thank You Laura. Having checklist is key ! Do you have any other suggestions?

Jun 05, 2015 04:26 AM
Michele Milic
Realty ONE Group ~ 702.419.5359 - Las Vegas, NV

Very nice article Matt. Good point about the budget.

Have a great weekend.

Jun 13, 2015 12:45 PM