What is the first step when Looking for a home!
Buying a home is a big deal. I have had a few buyers recently that just needed to listen to the advice they were given. Number 1 on the list is deciding how you will pay for the property. Cash or Finance? Before even looking at homes we need to have proof of this so we can submit with offer. 2nd would be deciding on what type of home you would like a condo, townhome, or single family home?
Here are a couple of recent situations you want to avoid
Couple number one decided they wanted to move closer to the family. Looked at several homes found one the husband really loved and so did the wife great community close to family. Waiting to put in the offer and then comes the e-mail followed by a phone call. The point of moving is really to downsize not to buy a larger home that will cost them more to maintain. Hmmmm I guess they should have shared this information with their Realtor before looking at homes.
Again an older couple that has not purchased a home in many years. Looking for a retirement community here in Florida. Number 1 question how will you be doing the purchase. We get a preapproval from a lender and when the time comes to put the offer in they decide they are going to pull the money from their current home and pay cash. Of course, this deal did not work out because they did not have their proof of cash funds to submit with the offer and another offer came in.
Understanding the thought process
When you have decided to purchase a new home it is wise to listen to the professional you are working with so that in the end you get what you want. I am extremely understanding of looking and deciding where you would like to live.Listening is a two-way street so your Realtor also needs to be able to understand what it is that will work best for you.
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This content created by Barbara VanderMeulen Lead Buyer Specialist