Tina McManus' Blog
For those who want to buy a house, it helps to consider your options closely. That way, you can make an informed home purchase.
Now, let's take a look at three factors to consider as you prepare to conduct a home search:
1. The Local Housing Market
Assess the local housing market before you dive headfirst into a home search – you will be glad you did. If you analyze the housing market in towns and cities where you want to live, you can determine if a buyer's or seller's market is in place. Then, you can map out your homebuying journey accordingly.
To differentiate a buyer's market from a seller's market, you should find out how long recently sold houses were available before they were purchased. You also may want to track houses as soon as they become available and see how long it takes them to sell. If residences linger on the housing market for many weeks or months, the real estate sector likely favors buyers. Or, if houses are purchased shortly after they become available, the real estate sector may favor sellers.
2. Your Home Must-Haves
Think about the features you want to find in your dream house. This will help you hone your house search to residences that match your expectations.
Oftentimes, it helps to enter the housing market with a list of home must-haves. This list can be updated throughout your house search and may help you simplify your quest to find your dream residence.
As you craft a list of home must-haves, be sure to include any house amenities you simply cannot live without. For instance, if you require a home that boasts a state-of-the-art air-conditioning system, you can search for a residence that offers this amenity. On the other hand, if you need a home that is located just minutes from your office in the city, you can search for a house in or near the city itself.
3. Your Homebuying Budget
You may have only a finite amount of money to spend on a house. If you get pre-approved for a mortgage, you will know precisely how much money is at your disposal. You then can search for a house that corresponds to your budget.
To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you about your home financing options and help you select a mortgage that suits you perfectly.
Lastly, as you get set to embark on a house search, you may want to hire a real estate agent. This housing market professional can offer expert insights into the homebuying journey. Plus, he or she is ready to respond to your homebuying concerns, at any time.
If you want to streamline the process of finding and buying a wonderful residence, it helps to plan ahead for the homebuying journey. Thanks to the aforementioned tips, you can review your options and boost the likelihood of enjoying a successful homebuying experience.
The decision to buy a house may be one of the biggest choices that you make in your lifetime. As such, a potential home purchase should be fully evaluated to ensure you can achieve the best-possible results during the homebuying journey.
Furthermore, it may be beneficial to discuss your homebuying plans with family members, friends and other loved ones. There are many reasons why you may want to share your homebuying plans with loved ones, and these reasons include:
1. You can gain homebuying insights that you might struggle to obtain elsewhere.
Loved ones frequently are happy to share their homebuying insights with you. Thus, if you keep loved ones up to date about your homebuying plans, you may be able to gain comprehensive real estate insights that you won't find anywhere else.
Let's not forget about the past homebuying experiences of loved ones, either. If a loved one had a positive or negative homebuying experience, you may be able to learn lessons from this event that could help you navigate the homebuying journey.
2. You can look at the big picture.
Oftentimes, the temptation to rush through the homebuying process can be overwhelming, particularly for a first-time homebuyer. If you consult with loved ones, however, you can slow down and look at the big picture as you prepare to pursue your dream residence.
Loved ones are unafraid to be honest, especially when it comes to a life-changing decision like buying a house. Therefore, if you reach out to loved ones before you enter the housing market, you can assess your short- and long-term plans and map out your homebuying journey accordingly.
3. You can get the help you need to succeed.
No one should be forced to pursue a house on their own. Lucky for you, loved ones are available who can help you discover your ideal residence in no time at all.
Sharing your homebuying plans with loved ones may enable you to get plenty of support throughout the homebuying journey. Plus, if you ever have concerns or questions as you pursue your dream house, loved ones are ready to assist you in any way possible.
As you prepare to embark on a home search, you may want to consult with a real estate agent too. In fact, a real estate agent will ensure you can enjoy a seamless homebuying experience, regardless of where you want to live.
Typically, a real estate agent will set up home showings, keep you informed about new residences as they become available and help you submit offers on houses. This housing market professional also will negotiate with a seller's agent on your behalf, guaranteeing that you can get the best price on any home, at any time.
Ready to kick off a successful home search? Connect with loved ones – and a real estate agent – and you can get the assistance that you need to find your dream house.
Let's face it – purchasing your dream home may prove to be an uphill climb, particularly for a homebuyer who fails to prepare accordingly. Lucky for you, we're here to help you make your homeownership dream a reality and ensure you can discover your ideal residence in no time at all.
Now, let's take a look at three tips to help you get ready to pursue your dream house.
1. Establish Homebuying Criteria
Finding your ideal house can be quick and easy if you establish homebuying criteria before you launch a home search. In fact, with homebuying criteria in hand, you can narrow your house search and speed up the homebuying journey.
To create homebuying criteria, you first should think about cities and towns where you want to live. Next, analyze houses in your preferred cities and towns and consider home must-haves and wants. Once you know exactly what you want to find in your dream house and where you want to reside, you can schedule home showings and move closer to finding your ideal house.
2. Get Pre-Approved for Home Financing
Homebuyers rarely have all the money they need to buy a home. Thankfully, banks and credit unions offer a wide range of mortgage options to make it simple for homebuyers to purchase residences. And if you meet with banks and credit unions, you can review your mortgage options and get pre-approved for home financing.
Obtaining a mortgage may help you streamline your house search because it enables you to establish a homebuying budget that you can use to hone your quest to find your dream home. Perhaps best of all, getting pre-approved for a mortgage may help you resist the temptation to spend beyond your means to purchase your ideal residence.
3. Hire a Real Estate Agent
Navigating the housing market on your own can be challenging for first-time and experienced homebuyers alike. Fortunately, real estate agents are available who can help you take the guesswork out of pursuing your dream house.
A real estate agent is a housing market expert who understands what it takes to complete a successful home search. He or she will meet with you, analyze your homebuying goals and map out a homebuying strategy. Then, a real estate agent will work with you to help make your homeownership dream come true.
As you conduct your home search, a real estate agent will keep you up to date about new residences that become available in your preferred cities and towns. He or she also will set up house showings and offer insights into the local real estate market. Furthermore, if you find your dream house, a real estate agent will help you craft a competitive offer to purchase this residence. And if your homebuying proposal ultimately is accepted, a real estate agent will guide you through the final stages of the homebuying process.
Start your search for your dream house – use the aforementioned tips, and you can boost the likelihood of a successful homebuying journey.
If you have plans to buy a house as quickly as possible, it is important to maintain flexibility. That way, you can adjust your homebuying timeline at a moment's notice.
Ultimately, there are many instances where you may need to modify your homebuying timeline, and these include:
1. You are struggling to identify your dream home.
It generally is beneficial to enter the housing market with homebuying criteria. These criteria can help you hone your house search and may be modified as you attend home showings and open house events.
Also, think about where you want to purchase a house. If you would prefer to own a home in a big city, you can tailor your house search accordingly. Or, if you want to live in a small town, you can focus exclusively on residences in areas that match or exceed your expectations.
Even with homebuying criteria in hand, however, changes to your homebuying timeline may be required. But if you remain patient and persistent throughout the homebuying journey, you can eventually discover your dream house.
2. Home sellers are rejecting your offers to purchase.
Once you find your dream residence, you may submit an offer to purchase it. Yet if your offer fails to hit the mark with a home seller, you are unlikely to receive an instant "Yes."
If you find that your offers to purchase houses are rejected time and time again, you may need to adjust your homebuying timeline. Furthermore, you may want to rethink your homebuying strategy.
To submit a competitive homebuying proposal, you should consider a house's condition and age, as well as the current state of the real estate market. This information can help you craft an offer to purchase that accounts for a variety of factors and likely will meet the needs of both you and a home seller.
If a home seller rejects your offer to purchase a house, there is no need to worry. Remember, the real estate market offers many opportunities, and homebuyers who are diligent can continue to search for the right house at the right price.
3. You have yet to find the right real estate agent.
A real estate agent may hold the key to a successful homebuying journey. He or she can help you set realistic homebuying expectations and ensure you can achieve the optimal results.
If you need to adjust your homebuying timeline, a real estate agent can help you do just that. Plus, a real estate agent will keep you up to date about new houses that become available in your preferred cities and towns and set up home showings. And if you decide to submit an offer to purchase a home, a real estate agent will help you put together an aggressive homebuying proposal.
Ready to streamline your home search? Reach out to a local real estate agent today, and you can get the help you need to pursue your ideal residence.
If you recently bought a house, congratulations! Now, you just need to pack up your belongings, finalize your home purchase and relocate to your new address. You also may want to set up the following services prior to completing your move:
What good is a new house that lacks electricity? Fortunately, if you contact the electric company in your new home's city or town, you should have no trouble establishing electric services.
Typically, an electric company employs friendly, knowledgeable customer service representatives who will assist clients in any way they can. This means you can call the electric company in your new city or town, speak to a customer service representative and get the help you need to quickly set up electric services.
2. Cable and Internet
In many cities and towns, multiple cable and internet services providers are available. And if you allocate time and resources to review all of the options at your disposal, you may find a quality, affordable company for cable and internet services.
As you evaluate cable and internet services providers in your new city or town, don't forget to ask lots of questions. By doing so, you can find out what types of services are available, as well as the prices associated with these services.
Try to get several quotes too. If you receive multiple quotes, you can decide which cable and internet services provider offers the best value.
Learn about how you pay for water in your new city or town prior to moving day – you'll be glad you did. That way, you can contact your new water provider in advance and ensure that you will have water available as soon as you arrive at your new house.
When it comes to completing a home purchase, many challenges can make it tough to achieve the best-possible results. But if you employ a real estate agent, you can receive extensive support at each stage of the property buying journey.
A real estate agent can offer recommendations to help you establish essential services at your new home. He or she may even be able to put you in touch with the best services providers in different cities and towns and help you find the best deals on various services.
Furthermore, a real estate agent is happy to help a homebuyer discover the perfect residence, at the right price. Before you kick off a home search, a real estate agent will learn about you and your homebuying goals. He or she next will help you establish homebuying criteria and hone your house search. Best of all, a real estate agent will set up home showings and keep you up to date about open house events, enabling you to find your ideal residence in no time at all.
Want to remove the guesswork commonly associated with finishing the homebuying journey? Hire a real estate agent, and you can get the support you need to enjoy a fast, seamless and stress-free property buying experience.