While most buyers expect to live in their home an average of 14 years, the typical tenure is close to nine years. That means the average buyer will go through the process of buying a home about once a decade. The real estate market is always changing - the process of buying a home has evolved in the past decade, just as it evolved in the decades before that. Here are a few tips to help you through the buying process.
1. Give me a call as soon as you start thinking of buying - A true real estate professional will not only help you find the right home, they'll also hold your hand throughout the process. From competing with multiple offers and negotiating the best deal, to finding a contractor and helping you renovate after the sale has closed, take advantage of my experience working in the local market to help you buy the home of your dreams!
2. Get a lender on board right away - Working with a great lender from the beginning is not only smart, it may also help ensure you're able to put an offer on the right home at the right time. A lender will explain your home financing options, help you get pre-approved for a mortgage and help you estimate the right price range for your budget. If you don't have a lender you can trust, give me a call and I'll connect you with a reputable lender in my network!
3. Manage your expectations - In real estate, as in life, many of our frustrations stem from unmanaged expectations. When you begin your home search, think about your lifestyle, how long you plan to live in the home and your possible life changes. This will not only help you narrow down the list of homes to consider, but also help you stay focused throughout the process.
4. Read the fine print - Before you make an offer on a home, know what's at stake. For example, if the home you have your eye on is a condo or part of a homeowner's association, read to see if there are any restrictions on the property. If you had to move again in a few years, would you be able to rent out the home, or is this against the rules of the HOA? The same goes for your mortgage: Are you allowed to pay it off early or is there a penalty? Will your payment go up if rates go up? The more informed you are, the better equipped you'll be to make the right decision for you and your family.
Rules 5-7 coming at a later date... stay tuned!
-info taken from our monthly newsletter provided by Buffini & Company
Author:Lauren Dauzat Phone: 832-573-3610 Dated: June 24th 2016 Views: 515 About Lauren: After completing her Bachelor of Science in Interior Design, with a Minor in Art, at Stephen F. Aust...