Advice for Home Buyers
In this day and age of being able to shop for anything anywhere, it is very important that you as a home buyer know what you’re looking for when you start your home search.
If you’ve been thinking about buying a home for some time now, you’ve probably come up with a list of features that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on HGTV or Pinterest, and start looking at the countless homes listed for sale through unrealistic glasses.
Do you really need that farmhouse sink in the kitchen to be happy with your home? Would a three-car garage be a convenience or a necessity? Could the man cave of your dreams be a future renovation rather than a deal breaker now?
The first step in your home buying process should be pre-approval of your mortgage. This allows you to know your budget before falling in love with a house that is way outside of it.
The next step is to list all of the features that you want inside of your house and to qualify them as follows:
‘Must-Haves’ – if this property doesn’t have these items then it shouldn’t even be considered. (ex., distance from work, family, or church, number of bedrooms/bathrooms)
‘Should-Haves’ – if the property hits all of the ‘must haves’ and some of the ‘should haves’ it stays in contention, but does not need to have all of these items.
‘Absolute-Wish List’ – if we find property in our budget that has all of the ‘must-haves,’ most of the ‘should-haves,’ and ANY of these it’s a winner!
Having this list fleshed out before you start your search will save you time and frustration, while also letting your agent know what features are most important to you before he or she begins to show you houses in your desired area.
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