One of the keys to making the home-buying process easier and more understandable is planning. In doing so, you’ll be able to anticipate requests from lenders, lawyers and a host of other professionals. Here are 6 buying tips to save you time, money and headaches.
Are you Ready?
Whether you are a first-time or experienced buyer, you need to ask yourself if you are ready. Are you planning to move due to a lifestyle change? Is buying an option and not a requirement? If you saw a property you love, would you be ready to write an offer? Whatever your answers, the more you know about your own motivations, the better prepared you will be.
Being comfortable with your monthly payment is invaluable. Additionally, lenders offer a variety of products. It is important to choose the loan product that is right for you. Contact Todd and Eric and they will put you in touch with lenders you can trust!
Tour Properties and Spend Some Time in the Neighborhoods You’re Considering
Todd and Eric will take you out to tour properties and provide you with information about the local market and neighborhoods. However, home buying relies largely on personal preferences and your lifestyle. Take the time to spend an afternoon at a local hangout, grab dinner at the neighborhood hot spot or take a stroll with a friend at night to make sure the neighborhood you choose is right for you.
Aesthetics Can be Changed, but Location Cannot
The location of a home cannot be changed, but the kitchen, bathrooms, flooring, and paint colors can all be changed. Don’t concern yourself with the previous owner’s bad taste. Focus on the layout and the functionality of the space. Imagine how your lifestyle and your furniture would fit in the home. Don’t be tied to furniture, you can buy new furniture to fit the space.
Compare Sales of Other Homes
How do you determine what to offer or if what the seller is asking is even reasonable? The best way is to look at recent home sales within the past few months that are similar to the one you’re considering buying. Todd and Eric will provide you with a detailed market analysis to help you make your decision.
If it Feels Right, Make an Offer!
Good homes move quickly, particularly in the DC Metro area. Many homebuyers wait a few days to make a decision because they are nervous, and the home that they fell in love with SELLS! Don’t wait for someone else to live in YOUR home.