- Before you set out on your search, meet with your bank to find out how much you are pre-approved for. This way you can better judge what your true budget is.
- Check out your mortgage options. Are you a veteran? Are you a first time buyer? There are special options out there depending on what category you fit into.
- Create a budget. Include how much you are pre-approved for, how much you would like to put down and how much you would like to pay a month. Don't forget to average in things like utilities and taxes
- Scout out neighborhoods. Do you want to be close to the beach, good schools and/or popular outdoor areas? Keep in mind things like school districts and parks affect property values.
- Know market values and trends. This is something you can start finding online, and your Realtor can also provide you with comps.
- Make sure you provide your Realtor with clear expectations, what's more important to you, the screened in pool area or your budget? Which leads me to my next point...
- Have a needs list. Have a list in your head or on paper that keeps you focused on what your absolute needs are for your home.
- Check out Open Houses! Take the time away from your computer search to actually get out there and see the neighborhoods you're interested in! Seeing a home in person can give you a much better idea of if it's really what you're looking for. Plus it's a fun way to spend a day!
- Keep your focus on what cannot be changed in the homes you are seeing. Are you happy with the layout? Where does your backyard back up to?
- Most importantly, HAVE FUN! Buying a home should not be a chore, it should be an adventure!
Do you have advice for home buyers too? Leave a comment below!
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