Spring is traditionally the time that the real estate market starts to get busy. If you’re considering buying Johns Creek real estate this year, there are a few things you ought to start with so you’re ready to snap up the right house when it comes along.
Make a budget. Take a hard look at your finances and see how much you can afford to spend on a mortgage payment every month. Be sure to factor in property taxes and an emergency fund or premium on a home owners’ warranty. Stick to Johns Creek homes that are in your range. There’s nothing worse than falling in love with a house only to find you can’t afford it.
Research lenders and get preapproved for a loan. Different banks will have different programs and rates. It really pays to check in to several before making a final decision. Once you have decided, get preapproval for a loan. Having this will make you more appealing to a seller, since you already have financing.
Do research in your preferred neighborhood. The internet makes this task so much easier. You can find houses that were sold recently and compare them to houses that you’re considering. In the business these are called “comps”--houses that are similar in size and age, so they should get around the same price. Be cautious about homes that are either way under- or over-priced.
Try to keep an open mind and be flexible. It can be really hard when you put an offer on a house that you feel perfect and it gets rejected. But that’s the way the market goes. Try not to get too attached to any particular house and have as many options as you can.
Finally, hire an experienced agent. You want someone who knows Johns Creek real estate well and can direct you to the neighborhood that will meet your needs. We’d be happy to help you, so feel free to give our office a call so we can get to know you better.