Scrolling through property listings online is exciting, but finding the right home for your needs can often be a frustrating, drawn-out process. Before you begin the hunt in earnest, there is some key information you may want to consider.
Follow these five home-search tips below to make finding your future home a seamless experience:
1. Talk with a real estate agent
Find a knowledgeable Realtor who can assist you in your home search. This real estate agent should be someone with whom you are comfortable, who understands your needs and is familiar with the neighborhood you are interested in. Don’t be afraid to interview several agents before finding one who best fits your situation. If you need any recommendations on trusted real estate partners, I would be happy to provide them.
2. Become pre-approved
Becoming pre-approved for a mortgage is a critical step in making sure you are prepared to purchase a home. This should be done before the home-search process begins so you are aware of how much home you can afford. This will also ensure that sellers know you are serious about home offers.
3. Make a list of priorities
Make a list of things that are absolutely necessary in your first home. Additionally, make a list of things you would like to have but that may not be a top priority. This will allow you to stay organized and help rule out homes as you search. Once you have created this list, discuss it with your Realtor so they know what is important to you.
4. Search online
While your real estate agent will help you find your future home, they will likely be focused on your top priorities and may pass up something that could interest you. Be sure to do some online home searching of your own to cover all bases. If you find something you like, send it to your agent and they can schedule a showing.
5. Prepare to make an offer
In a competitive real estate market, realizing you’ve found your dream home often means you need to make an offer quickly. Consult with your real estate agent on what a fair offer may be. Make sure to take the time to compare the price, quality and features of other homes in the area that you are considering. Additionally, writing a personal offer letter to the seller can help your bid stand out in a multiple-offer situation.
Purchasing your first home is a major life milestone. At Dream Home Lending, we understand that and are here to answer any questions you have about the process. Call us at your earliest convenience and we will work together to make your homeownership dreams a reality.
