1. Research before you look. Decide what features you most want to have in a
home, what neighborhoods you prefer, and how much you’d be willing to spend each
month for housing.
2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your
expectations. There’s no such thing as a perfect home. Use your list of
priorities as a guide to evaluate each property.
3. Get your finances in order. Review your credit report and be sure you have
enough money to cover your down payment and closing costs. Then, talk to a
lender and get prequalified for a mortgage. This will save you the heartache
later of falling in love with a house you can’t afford.
4. Don’t ask too many people for opinions. It will drive you crazy. Select one
or two people to turn to if you feel you need a second opinion, but be ready to
make the final decision on your own.
5. Decide your moving timeline. When is your lease up? Are you allowed to
sublet? How tight is the rental market in your area? All of these factors will
help you determine when you should move.
6. Think long term. Are you looking for a starter house with plans to move up in
a few years, or do you hope to stay in this home for a longer period? This
decision may dictate what type of home you’ll buy as well as the type of
mortgage terms that will best suit you.
7. Insist on a home inspection. If possible, get a warranty from the seller to
cover defects for one year.
8. Get help from a REALTOR®. Hire a real estate professional who specializes in
buyer representation. Unlike a listing agent, whose first duty is to the seller,
a buyer’s representative is working only for you. Buyer’s reps are usually paid
out of the seller’s commission payment.
For your convenience, fill out the form below to contact Bill with your real estate wants and needs.
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