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Preparing for House Hunting

By
Real Estate Agent with Keller Williams Realty

Home buyers need to prepare themselves prior to starting a serious home search.  There are few helpful tips that may reduce stress to home buyers:

No guaranteed right time to buy – If a buyer finds the right home for themselves, do not risk the possibility you will find something better later.  This may include getting better financial terms.  Normally, most factors do not change drastically in the short term.  As a home buyer, there are a couple things to be aware of:  First, if interested in buying a new home, you might be able to get a better deal if you buy at the end of the builder’s fiscal year.  Second, buying a resale home the last 2-months of a calendar year, may allow you to negotiate for a better deal, but usually there is less inventory to choose from.

Too many opinions – Do not try to get too many ideas from friends and family.  This makes it harder to make decisions, instead focus on your needs and desires for the people living in the house.

No house is perfect – Realize no house is going to be perfect, and realize you may have a little buyer’s remorse, that is normal, and probably will pass.  Need to focus on the things that are important to you, and let the minor things go.

Negotiation – Do not try to be a super negotiator, trying to negotiate for an extra low price, refusing to budge on price, or out of the ordinary repairs and amenities.  This is a formula for losing the deal. 

 

Amenities – Plan ahead, decide what amenities are important for your family, such as, noise level, close to shopping and work, quality of schools, and churches, etc.  These are important in determining your quality of life.

Mortgage approval   Get preapproved with a mortgage lender, investigate insurance and moving options. This will make you more comfortable when contract negotiations begin.

Choosing a home – Think about what type of home you will love,  safe location, and future appreciation.

Comments (1)

Jenna Dixon
Momentum Real Estate Group LLC - Marietta, GA
55 & Over | New Constructions | Horse Farms

Great advice for buyers! In this market, buyer need to be ready to move on a home they love immediately.

Jan 31, 2018 07:55 AM