Busiest time of year in the real estate industry
1. Hire a Real Estate Professional to Be Your Tour Guide, and Choose Carefully!
It has never been more important to hire a real estate agent than in today’s market. It is crucial that you hire someone who is experienced in many types of transactions. You deserve to have a professional representing your best interests throughout the entire buying process. A buyer’s agent will help you with your home search, required contractual paperwork, negotiations, inspections, and any other concerns that may come up. Remember, it will cost you nothing to hire a buyer’s agent; the seller of your new home will pay their commission, so you have nothing to lose.
2. Understand Your Financial Profile and Get Pre-Approved For a Home Mortgage
If you’re looking to buy a house you’ve probably prepared a budget in order to determine how much you are comfortable spending on a new place. And while that is a good place to start, the reality is that the world of home financing has changed dramatically in recent years. Obtaining a home mortgage is harder today than it has been a very long time, which means you may not be qualified to borrow as much money as you think.
3. Prioritize Your Needs and Wants
Families with children want to live near good school systems and they tend to want bigger yards and outdoor play areas. People who are devoted to their careers will pay more attention to the ease of their commute. Single people tend to seek out places that offer a certain level of entertainment and proximity to other unmarried residents. Likewise, retirees are concerned about the vicinity of local hospitals and perhaps, recreational activities like golf. As a home buyer you should have a solid understanding of your own needs. Make a checklist and prioritize the items on that list; what do you need vs. what do you want?