Finding Your Way Home.
Whether you’re buying your first home, moving to the other side of town, or relocating across the country, there are some essentials to keep in mind that can simplify the exciting process of finding your home sweet home.
Prepare. First things first. In order to stay focused while on your hunt, clarify what you want and need in a new home. Consider price, location, square footage, whether you want move-in ready, or are willing to renovate. Do you need a garage or outdoor space? Would you like to be close to town, or more remote? Are schools important? Once you decide must-haves, it will be easier for you to find a home that’s the perfect fit for you.
Find a Trusted Real Estate Agent. Get a Real Estate Agent who is not only good at what they do but who makes you comfortable and engenders trust. This is the backbone of home buying. A smart agent knows the area, takes your wish list seriously and respects your budget.
Get your finances in order. Sit down with a lender, like NECU, and find out just how much house you can buy. See how that meshes with what you’re comfortable spending. Feeling like your lender is responsive to your needs is important. You’ll be working with this lender until your mortgage has been secured and your house purchase has been made, so shop around for the right fit.
Look everywhere. Now comes the fun part; shopping! Online sources can give you a sense of a home before you see it so that you can do some pre-qualifying on your own. Open Houses can be a time-efficient (and fun) way to see a number of homes on the same day (generally these are held on Sundays). Your Real Estate Agent will set up visits for you, and will often have special knowledge, such as if a seller is “motivated”. Don’t forget to tell family, friends, and neighbors you’re looking, in case they might know of something before it even hits the market.
Don’t be afraid to negotiate. Your Real Estate Agent can help you here, but don’t be afraid to make a lower offer for a home you love that’s outside your price range. The homeowner can only say no, so why not see if they might be willing to compromise.
Know what you want, find a good realtor and a smart lender and you’re well on your way to finding a new address.