House Hunting Tips
- Take an honest look at your personal finances before you start your search.
You should check your personal financial situation before finding your dream house. You need to know how much you can contribute to a mortgage payment, the cost of maintaining a home, and also if you have any liquid funds to contribute to settlement costs. Avoid falling in love with a house that you can’t afford to live.
- List all the home features you want and need in a new residence.
Purchasing a home is an investment not only for your money but also your time, most buyers expect to live in a home they purchased a minimum of five years. It is a good idea to determine the type and style of home you want to purchase.
- Partner with a Real Estate Broker from the beginning of your search.
A good Real Estate Broker is more than just someone who will fill out the paperwork. Working with a Real Estate Broker will give you first access to great properties, allow another person to negotiate on your behalf, and partner you with professionals you’ll need throughout the buying process. It would help you to avoid stress.
- Don’t settle for only seeing one or two houses a week.
The market is more competitive than in the past few years. Partner with a Real Estate Broker to schedule several showings and visit as many open houses as possible to find the right listing. It is important to be aggressive in your search.
- Study the area you’re willing to buy a property in order to help you narrow down your home search.
One thing you will not be able to change about your home is the location, so you need to make sure that the area you’re thinking about purchasing in is the one that you will love to live in. Consider things like schools, distance to work, and retail stores nearby. Better work with a Real Estate Broker.
- If you spot a listing you love don’t wait, hurry, and visit it ASAP!
The market is picking up and listings are limited so you will compete with other buyers. If there is a house that meets your needs, is in the location you desire, and is in your price range, don’t wait, inform immediately your Real Estate Broker.
- Don’t limit yourself to 'traditional homes.'
Buyers might love established neighborhoods but think about your home purchase in terms of your lifestyle. Buying a home in a new homesite, a condo, or townhouse community can mean low maintenance, customization options, and amenities like pools, clubhouses, and dog parks that more established neighborhoods might not offer. So make sure to check out new homesites, condos, and townhouses with your Real Estate Broker as well.
- Work side by side with your Real Estate Broker and provide any information they need so your home search can move quickly.
The connection you have with your Real Estate Broker is one that needs to be built on trust. This is one of the reasons we recommend you sign a Buyer’s Broker Agreement so that your rights are protected. It is also important that you are being upfront with your needs because it will help your Real Estate Broker find you a great home sooner.
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