If you are ready to purchase a home, there are some simple things you can do to help ensure a smooth transaction. Whether this is your first home purchase or you have bought and sold numerous properties, minimizing the risk of potential obstacles can help make the process as stress free as possible.
Know What You Can Afford
An important part of purchasing a home is having the necessary financial backing. For most people, purchasing a home is going to require financing. This means buyers should first get pre-approved for financing before they even begin looking for a property. With pre-approval from your lender, you’ll know exactly how much you’ll be able to afford. You’ll also be able to show your real estate agent and the home’s seller that you are a serious buyer ready to make a purchase decision.
Wants vs. Desires
Once you know the price range you’ll be approved for, it’s time to take a serious look at your priorities. You’ll certainly have a long list of desires, but it’s important to differentiate your wish list from your deal breakers. If you are adamant about being in a particular area or you know you want certain amenities, these should go on your priority list. Only look for homes in your price range or area you want so you aren’t tempted with something you can’t afford. Exit Trinity Realty makes it easy to search by area, price or size so you can quickly find listings that meet your needs.
Keep an Open Mind
Always go into the home buying process with an open mind. Some issues might seem like deal breakers, but oftentimes, these issues can be resolved. For example, if you know you need a 3 car garage because you want room for two vehicles as well as a riding lawn mower, yard tools, sporting equipment or even some storage, this is clear. Of course, if you find a property with a large yard, you might solve this storage problem with an outdoor shed, making a two car garage perfectly acceptable.
Work with an Experienced Real Estate Professional
Once you have a good idea of your must-haves as well as your wish list, it’s time to find a real estate agent. Choose an agent who has experience working with buyers in the area you want to find a home. Local real estate agents can offer a great deal of help in finding your ideal property. This real estate professional will also be helpful during negotiations and closing.
In many circumstances your lender will require various inspections. However, as a home buyer, there are inspections you should also insist on. A home inspector will be able to inspect the entire property and alert you to any signs of trouble.
Many homeowners choose to purchase a home warranty. This can be a great way to protect you from those little problems that might pop up after the purchase is completed. Whether the dishwasher stops working or the roof springs a leak, a home warranty can give you peace of mind in getting these problems resolved quickly.
With a few simple steps, it’s possible to purchase a home without the added stress of unexpected problems. Keep in mind that buying a home is a big step, so you should never let emotions get in the way of common sense.