Finding a new home to buy is an exciting and even entertaining way to spend your time. The thrill of knowing that you are soon to become a homeowner and “have your own place” is one of the best experiences that you can have. However, below are some tips on how to be the expert home shopper when it comes to finding either your dream home or your next investment.
Timing
There are a couple of things to take care of before you start your home shopper experience. First of all, make sure you give yourself plenty of time, dependent on your personality, to make a good choice of a home to buy. This means that you don’t want to start looking for a new home when your lease is about to expire in a week or your are required to move within a couple of weeks. Because it’s such a huge investment, buying a home shouldn’t be a rushed
decision unless you are good at seeing something and making a quick decision, and you are comfortable with this process.
Secondly, find out how much home you can buy – how much you can afford. You will want to carefully and thoughtfully narrow your search to homes for which you are able to actually get a loan, so you don’t waste your time touring homes that may be out of your price range. Also, be sure to put yourself in the best position as a buyer by getting a lender commitment letter to show that you pre-qualify for the financing on a new home.
Decide Your Features
This is your dream home, so dream big. Sit down and brainstorm the features that you want in your new home. Decide what you can and can’t live without and then stick to your list. If a home that you are touring measures up to most of your wishlist, and you are willing to compromise on some items; that’s o.k. as long as your began your search with a clear idea of exactly the type of home you wanted to buy in mind.
Be Organized
Once you have given yourself plenty of time, gotten pre-qualified for your loan, decided what you wanted in a house; then you can begin the home buying process. Stay organized by possibly using an app to map out the homes you are going to look at, take notes about the homes that you especially like so you can keep your choices straight, and make sure you have enough time in a day to tour everything you want to see. If necessary, break up the tour days to allow
yourself time to take a lunch break, relax and consider home options, and simply take care of yourself. This isn’t a race, it’s a marathon, and there may be many homes in the bunch that you look at before you find the perfect one. Dress comfortably with the weather in mind, and you might even want to wear shoes that slip on and off for those particular homeowners who require you to keep their floors neat and clean.
A Second Look / Comparison
Once you have your list of top selections, go out and tour them again because the second time through might help you see pros and cons that you didn’t see the first time through. You will want to do this in a timely manner for homes that you really like because real estate is booming throughout the country, and homes are not staying long on the market. Home inventory is down to just over a 4-month supply which is the sign of a healty economy.
If you are interested in buying a new home for sale, Contact Ron Lee Homes at 985-626-7619 or E-mail [email protected] for more information on New Homes for Sale.
