Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
Get your finances in order.
Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.
Find a house you can afford.
As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.
Hire a professional.
While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.
Do your homework.
Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.
Think long term.
Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.
Author:Vanessa Parry Phone: 360-305-0963 Dated: January 4th 2016 Views: 474 About Vanessa: ...
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"My husband and I recently purchased our first home with Chris and Stacy and we could not have asked for a better experience. Their combined skills and experience in the field became apparent from the outset. Chris's negotiating ability is truly outstanding! He and Stacy demonstrate a keen understanding of, and an obvious constant vigilance over, the local market. In addition, their customer service and general responsiveness was second to none. They were essentially at our beck and call, day or night, which really made us feel important, especially since we're not exactly high rollers! Best of all, they were incredibly honest and attentive to our wants and needs. There was never any attempt to commandeer the process and steer us in a particular direction, only sage advice and gentle nudging when it was needed. Hindsight being 20/20 it's clear that we got exactly what we wanted in a home solely due to the Erdmann team's dedication and expertise. If you are buying or selling a home in this area you would be remiss not to contact Chris!"