A home purchase is a commitment and investment. Here are some tips to consider when making a decision about which home is right for you:
Research where you want to live. Do you want a walkable area? Would you prefer an urban setting, suburbia or a country-like atmosphere? Is being close to work or family important? Do you require easy access to the highway or other public transportation? Would you like to be near shopping, schools or restaurants?
Prioritize a list of must-have features and then make a list of other amenities you would like to have. Remember, no home will have everything on your list.
Look at homes that fit your budget. Previewing homes you cannot afford will cause frustration. Not sure of what you can afford? Get pre-approved by a loan officer.
You Found A Dream Home
You found a home with the features and floor plan you want. Be sure to check if there is enough storage. And most importantly, ask yourself: Will I be happy living there for the long term?
Before you purchase that “dream” home, it will need to be professionally inspected so you are aware of minor and/or major issues. No property is perfect. You will need to weigh the pros and cons of what needs to be done to the home based upon that report. Be prepared to walk away if you and the seller cannot agree upon the negotiation of this inspection. You will find another dream home.
Your real estate agent will be your guide throughout the home-buying process. That person will be there with you to look at homes, compare current sales and listing information, negotiate a purchase contract, explain all pertinent real estate documents and coordinate your home’s closing.