Spring
is here and a buying frenzy is happening – so where are you in the process? If
you’re like most buyers these days, chances are you have spent or are spending
lots of time online “scoping the market out” before venturing out to the
professionals.
There’s
a lot to be said about being prepared as you embark on this very important
journey. Buying a home is the largest purchase of a lifetime for most people
and you need to be as prepared as possible and armed with the solid backing of
a great team of professionals. As a Realtor® that’s dedicated to ensuring the
best experience for my clients, here are four tips that will help you to get
your home in this absolutely CRAZY buying market these days.
Do a Financial Assessment
Before
even looking at homes you ought to know what you can afford. Many people go to
a lender and are told they can afford XYZ amount. Never mind that they may have
other financial obligations or goals and never mind that what they may be able
to afford on paper may not be ideal for their financial situation. By assessing
your financial outlook you will be sure you know exactly what you can afford.
Get a Preapproval
From Your Lender
In
today’s highly competitive marketplace, it is critical that you come to the
table with a preapproval letter from a good lender. At a time when sellers are
getting multiple offers on one property, sometimes the only thing between you
and having your offer accepted is a preapproval letter from a reputable lender.
It also helps us get you a great deal on your home.
Use Professional
Resources
It’s
easy to rely on the Internet for information and to an extent it’s a great
resource. But once things start getting serious, it’s important to align
yourself with a strong professional that knows what they are doing. Professionals
in the industry are very familiar with housing values, market trends, buyer and
seller activity – and more. Using this knowledge we help our clients obtain the
best deals and ensure the smoothest transactions while covering all the bases
in the process.
Set Realistic
Expectations
As
you get further into the home buying process it’s easy to let your expectations
get the better of you. This is particularly true for first-time homebuyers that
may not realize the extent of their budget and what they will find in that
budget. Study the market to see what is available in the price range you are
considering. Another way to do it is to find homes that have everything you
want and evaluate how much those homes are selling for. The same thing holds true
for expectations of time when building a new home.
~
If
you’re in the market to buy a new home contact us today. We’ll gladly provide
you with the professional advice you need, the guidance that will help you get
the best deal and someone that is on your side, acting in your best interest
and working for YOU.
Call
today.
