Some Sound Home Buying Tips

Dated: 01/16/2018

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Some Sound Home Buying Tips

 Welcome to the home buying market! This is an exciting time to be purchasing a home, with an array of new homes coming onto the market there is some excellent value to be found. All it takes is a little time and effort in looking and you can find your dream home. But you should always be a smart buyer. If you do your homework, the deals will follow.

Get Financially Prepared

Finances PreparedThe first thing you should do is get your finances in order. This involves finding out your credit score, fixing any outstanding issues affecting your credit, ensuring that these are properly released from your report, and finally securing your mortgage before you start looking. When I say secure your finances I do mean being pre-approved fully, this is different from a pre-qualification in that a pre-qualification does not "secure" you any amount of money, it is simply a judgment of whether or not you qualify to receive a mortgage.

Have a Plan

Next, start working with a Realtor that knows the area you are looking to buy in. This is a huge step; to go from just being prepared to move and merely wanting a home, to actively looking for and considering one. Sit down with your Realtor and make a list of things you require in a home. This is a list of those things that you can absolutely not be without. Once this is compiled, then list the things that you would like. With these lists ready, its time to start looking at homes. Your Realtor should be able to provide you with a complete list of homes that fit your criteria, and some that come close. Also, they will be able to guide you to properties that fit your pre-approved mortgage amount.

Some Things to consider:

Checklist
  • Your Commute to Work

  • The ability to get your child to and from school

  • The Neighborhood amenities and offerings

  • The Affordability of the home AFTER the mortgage is settled.

  • The ability to manage and take advantage of the Yard and exterior

  • The size and accessibility of the house and rooms and the ability to match your life needs.

The Decision Process

decisions decisionsAfter deciding on a home or homes that suit you, you may then carry on with an offer to purchase if you are so inclined. If it doesn't pass the your initial test, you will hopefully have others to alternatively consider.  After you have shown a financial interest in a property, you will want to have a certified inspector take a thorough look through the home. Have them check all questionable areas of the home. You may be able to utilize any deficiencies and necessary repairs as a bargaining point. Usually you should be able to have the cost of these repairs deducted from the cost of the home. It's a good idea to bring in your own contractor or expert to get these estimates.

Wrapping Up Your Purchase

Negotiation and Documentation can be a bit intimidating, confusing or maybe even overwhelming to you since you only do this once every several years. As a result, it may be best to utilize the expertise of someone who does this for living. Taking advantage of the consultation, advice and knowledge of a Realtor can give you much needed confidence and success.Buying a home is a huge process and one that you must be careful to handle with all due care and attention. Such an important investment can benefit you financially for years to come as well as providing safety and financial security. Don't sell yourself short on what you buy as your home. After all, your family deserves the best don't they?
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Andy Kreuzer

Kreuzer Realty Group A Keller Williams Team (413) 273-9141....

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