Buying a home? Here are ten steps to get you started:
# 1 Get pre-approved: Many listing agents will not accept offes from a buyer that is not pre-approved. You will also not waste your time looking at homes that may be above your limit. Your loan officer will offer advice on your credit score.
#2: Work with one agent: If you are contacting multiple agents it can be confusing and frustrating. Each agent has access to the same list of homes and your searches will be duplicated.
#3: Drive through areas of interest: It is best to check you're the neighborhood and traffic pattern during rush hour and on the weekend. This will give you a good idea of what to expect once you move in.
#4: Create a list Of Amenities: Make a list of the features you need and the features you want. Your Realtor has different search engines that can really narrow down the options to your specific criteria.
#5: Limit your time in a home that does not appeal to you: If you know that the home is not for you just say so. You will not offend your Realtor and will not waste valuable time.
#6: Refrain from talking to homeowners: If the homeowner knows you are in love with the house they will negotiate less because the know you are going to put in an offer.
#7: Allow your agent to contact all For Sale By Owners (FSBO): FSBO sellers have an emotional attachment to their home and may feel their home is worth more than it is. Let your agent be the one to show them the comparable properties and negotiate with them.
#8: Allow your agent Register you at all new construction: Your Realtor can represent you for new builds as well. In addition, many times the best deals are not advertised to the public and it costs you nothing.
#9: Use an Attorney that specializes in Real Estate: They are very familiar with the contracts and documents that you will be signing. Many employer benefits programs will offer this as part of the group legal plan#10: Obtain A Quality Home Inspection: Don't shop around for the cheapest inspector, many times you get what you pay for. Allow your Realtor to recommend someone that is very knowledgeable and thorough.